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Full text of "Fifty-Second Massachusetts Fire"

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PUBLIC DOCUMENT 



. . . . No. 9, 



FIFTY-SECOND ANNUAL EEPOET 



OF THE 



Insurance Commissioner 



OF THE 



(Kommotuwaltjj of Htassat|ju:s£tis 





O A. IN 


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PART I. 




FIRE 


AND 


MARINE 


INSURANCE 




BOSTON : 

WRIGHT & POTTER PRINTING CO, STATE PRINTERS, 

18 Post Office Square. 

1907. 



I \ 



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C , » r v c . « 

'Approved by' 

* • * »"« 

The State Boap5> of Publication. 



0, 



TABLE OF CONTENTS. 



[For Index to Companies, see end of volume.] 



COMMISSIONER'S REPORT. 

PAGE 

Introductory, v 

Companies ceasing to transact Business, . . . ■ . . . v 

Companies admitted, vi 

The rights of Policy Holders and Loss Creditors, vii 

Should the statutes provide a method of settlement? viii 

Preference "hy re-insurance, .......... x 

Should loss creditors be preferred by statute ? . . . . . . . xii 

The Reserves of Fire Insurance Companies, . ... xiii 

Department Examinations, . . . xvi 

Report of Examination of the American Insurance Company of Boston, xvii 

Department Finances, xxxix 

Reports of Receivers of Insolvent Fire Companies, xl 

Massachusetts Mutual Fire Insurance Companies: 

Comparative Table A, . . . .' xli 

Massachusetts Mutual Fire-Marine Insurance Companies : 

Comparative Table B, xli 

Massachusetts Joint-Stock Insurance Companies: 

Comparative Table C, xlii 

Insurance Companies of Other States: 

Comparative Table D, xliii 

United States Branches of Foreign Insurance Companies : 

Comparative Table E, xliv 

Aggregates of all the Companies, xlv 

Massachusetts Mutual Fire Insurance Companies : 

Table I. — Assets, liabilities and surplus, xlvi 

Table II. — Risks, income and disbursements, xlvii 

Table III. — Premiums, losses and expenses, ...... xlviii 



IV CONTENTS. 

PAGE 

Massachusetts Mutual Fire-Marine Insurance Companies: 

Table IV. — Guaranty fund, scrip, assets, liabilities and surplus, . . xlix 

Table V. — Income and disbursements, premiums, losses and expenses, . xlix 

Massachusetts Joint-Stock Insurance Companies: 

Table VI. — Casb capital, assets, liabilities, surplus and expenses, . . xlix 

Table VII. — Income and disbursements, risks, premiums and losses paid, . xlix 

Insurance Companies of Other States: 

Table VIII. — Cash capital, assets, liabilities, surplus and expenses, . . 1 

Table IX. — Income and disbursements, risks, premiums and losses paid, . lii 

United States Branches: 

Table X. — Risks, assets, liabilities and surplus, ..... lv 

Table XI. — Income, disbursements, expenses, etc., ..... lvi 

Massachusetts Business in Detail : 

Table XII. — Risks writteD, premiums received, losses paid, etc., . . lvii 

Table XIII. — Receipts and expenditures of the insurance department, . . lxii 

DETAILED STATEMENTS. 

Massachusetts mutual fire companies, 1 

Massachusetts mutual fire-marine companies, ....... 79 

Massachusetts joint-stock fire and fire-marine companies, ..... 84 

Fire, marine and fire-marine insurance companies of other States, ... 96 

United States branches of foreign companies, 413 

Appendix, 496 

Report of the Massachusetts District Police, Fire Inspection department, . . 501 



Commontoealt^ of ^mmtfynuttB. 



Insurance Department, Boston, July 1, 1907. 
To the General Court of Massachusetts. 

The Insurance Commissioner herewith submits, as required by 
law, Part I. of the fifty-second annual report of the insurance de- 
partment. In addition to abstracts of the statements of fire and 
marine insurance companies, and of their operations for the year 
1906, and comments of the commissioner on insurance matters, it 
contains an appendix giving the report of the bureau which has 
charge of investigating fires and reporting thereon. 

The following is a list of the companies of the classes included in 
this volume which have ceased to transact business in this Common- 
wealth during the year ; also in 1907 up to the date of this report : — 



NAME 
OF COMPANY. 


Location. 


Date. 


Capital. 


Remarks. 


Whiting Mutual, . 


Boston, 


1906. 

April 1, 


_ 


Discontinued business. 


United States Fire, 


New York City, . 


April 26, 


$250,000 


Withdrew. 


American Fire, 
New York Fire, 
Traders', 


Philadelphia, 
New York City, . 
Chicago, 


May 1, 
May 4, 
May 5, 


500,000 
200,000 
500,000 


Reinsured in Commercial Union As- 
surance and withdrew. 

Reinsured in New Hampshire Fire 
and withdrew. 

Receiver appointed. 


Security Fire, 


Baltimore, . 


June 2, 


200,000 


Withdrew. 


Colonial Fire, 


Washington, D.C, 


June 4, 


200,000 


Withdrew. 


North German Fire, 


New York City, . 


June 11, 


200,000 


Reinsured in Cosmopolitan Fire and 

withdrew. 
Withdrew. 

Withdrew. 


Home Fire and 

Marine. 
Dutchess, 


San Francisco, 
Poughkeepsie, 


July 20, 
Sept. 24, 


300,000 
200,000 


German, of Free- 
port. 
Star Fire, 


Freeport, 111., 
Louisville, Ky., . 


Nov. 19, 
Dec. 12, 


200,000 
200,000 


Reinsured in Royal; receiver ap- 
pointed. 
Withdrew. 


United States Fire, 


New York City, . 


1907. 

May 23, 


250,000 


Withdrew. 



VI 



REPORT OF THE 



The following companies were admitted either during the year 
1906 or in 1907 prior to the date of this report : — 



CORPORATE NAME. 



Location. 



Date of 
Authority. 



National Lumber Insurance Company, 
The Western Reserve Insurance Company, 
Union Fire Insurance Company, . 

The Delaware Fire Insurance Company of Dover, 
Delaware. 

The Jefferson Fire Insurance Company of Philadel- 
phia. 

New Jersey Fire Insurance Company, 

Adirondack Fire Insurance Company, . . . 

Old Colony Insurance Company, . 

The Cosmopolitan Fire Insurance Company of New 

York. 
Fidelity Fire Insurance Company of New York, 

Firemen's Fund Insurance Corporation, 

The Hamilton Fire Insurance Company, 

The Shawnee Fire Insurance Company, 

Dutchess Fire Insurance Company, . 

The Franklin Insurance Company, 

The Ben Franklin Insurance Company of the City of 

Allegheny. 
Southern Insurance Company of New Orleans, 

United States Fire Insurance Company, 

Dixie Fire Insurance Company, 

The Virginia Fire and Marine Insurance Company, . 

Lynn Manufacturers and Merchants Mutual Fire 

Insurance Company. 
Rhode Island Insurance Company 

Winona Fire Insurance Company 

Keystone Mutual Fire Insurance Company, 

Manton Mutual Fire Insurance Company, . 

National Insurance Company, 



First Russian Insurance Company established in 

1827. 
Russian Reinsurance Company 

Millers National Insurance Company, 

Richmond Insurance Company of New York, . 

Grain Dealers Mutual Fire Insurance Company, 



Buffalo, N. Y., 
Cleveland, O., 
Buffalo, N. Y., 
Dover, Del., 
Philadelphia, Pa 
Camden, N. J., 
New York City, 
Boston, 

New York City, 
New York City, 
San Francisco, 
New York City, 
Topeka, Kan., 
Poughkeepsie, N. Y., 
Wheeling, W. Va 
Allegheny, Pa., 
New Orleans, La 
New York City, 
Greensboro, N. C 
Richmond, Va., 

Lynn, . 
Providence, R. I., 
Minneapolis, Minn., 
Philadelphia, Pa., 
Philadelphia, Pa., 
Allegheny, Pa., . 
St. Petersburg, . 
St. Petersburg, . 
Chicago, 111., 
West New Brighton, 
Boston, 



1906. 

Jan. 1», 


Jan. 


29, 


Jan. 


29, 


Feb. 


26, 


March 5, 


May 


21, 


June 


4, 


June 


7, 


June 


12, 


July 


11. 


Aug. 


13, 


Aug. 


21, 


Sept. 


12, 


Sept. 


19, 


Oct. 


15, 


Oct. 


19, 


Nov. 


5, 


Nov. 


7, 


Nov. 


10, 


Dec. 


28, 


1907. 

Jan. 11, 


Jan. 


21, 


Jan. 


24, 


April 


3, 


April 


3, 


May 


8, 


May 


10, 


May 


10, 


May 


20, 


June 27, 


June 27, 



* Guaranty capital. 



t Deposit capital. 



The above tables, if compared with similar ones of former years, 
would of themselves warrant a conclusion that something had 
occurred to cause unusual activity among fire insurance companies. 



INSURANCE COMMISSIONER. Vll 

The next conclusion would be, if the matter were further pursued, 
that the changes in the list covering the retirement of such com- 
panies are very few, in view of the tremendous test applied to "fire 
companies by the great conflagration of California, which cost them 
not far from one hundred and forty millions. It is a matter for 
congratulation that the companies stood the test so well, whether 
the funds to pay the losses came from an accumulated surplus or 
were furnished by stockholders. That the latter was the fact in 
many cases, the records show, and they show also that the full 
strength of a prosperous company is not revealed by a perusal of 
the financial statement it makes to the insurance department. It 
has, besides, a latent power to pay losses, which, when the test 
comes, is sure to be revealed. Such a company has a name, and a 
prestige, and good will, and an agency force which to a going con- 
cern are worth a large amount, and it is upon these that funds can 
be realized when danger threatens it. The instinct to save the in- 
vestment comes to the rescue and saves the company if there is any- 
thing worth saving. Had it not been for this the list of retirements 
would have been different. 



The Rights of Policy Holders and Loss Creditors. 

The San Francisco disaster has brought to the front for discussion 
the question of the rights of policy holders in case a fire insurance 
company meets with a loss by conflagration which renders it insol- 
vent. Should its assets be used first in paying its losses, or may it 
first take from these assets a sufficient amount to reinsure its out- 
standing policies, and with the remainder settle with its loss claim- 
ants on a pro-rata basis? There is no unanimity of opinion upon 
this subject, although it is a little difficult to understand why there 
should be any difference, especially where the statute of a State 
does not provide that the unearned premium shall not be encroached 
upon to pay losses if a company adopts that plan of doing business 
and makes provision for it in its contracts. 

Possibly this lack of unanimity arises from a failure to appreciate 
the purpose of fire insurance and the principle upon which it is based. 
In its final analysis, whether the company is a stock or mutual, it is a 
method of distributing among the many the losses of the few. Its 
purpose is to make good his loss to the sufferer. It is not to pay a 
half or three-fourths or any other proportion of his loss in order that 



Vlll REPORT OF THE 

others who have suffered no loss may escape further burdens. It is 
the sufferer by the fire who should receive first consideration. It is 
for him and his benefit that insurance companies are established. 
Now, to say when losses occur which are greater than the company 
has means to pay and remain solvent, that its first duty is to take 
care of those who have suffered no loss, leaving the balance of the 
funds to be distributed among those who have perhaps lost their all 
in a conflagration, is a method of treatment repugnant to the sense 
of justice and fair dealing, to say nothing about its being out of 
harmony with the honorable and beneficent idea upon which the 
business of insurance is founded, namely, that those suffering no 
loss should contribute to indemnify the unfortunate. 

But it may be urged, especially in a stock company, has not the 
policy holder who has had no loss paid the amount demanded for his 
protection for a certain definite period, and should not this contract 
be kept? The reply is so, too, ought the contract to be kept with 
those who have suffered loss, which contract promised to indemnify 
them on account of such loss. Is a contract with the former, 
whose loss is but trifling, more sacred than that with the latter class, 
whose losses have been calamitous? Should the former be placed 
in a preferred class of creditors and the latter be told to be content 
with the crumbs which fall from the table ? It would seem that it 
is going quite far enough in recognition of the claims of those who 
have escaped loss to place them for the distribution of assets in the 
same class with the less fortunate, as, in the absence of statute law, 
the courts have usually done when the question of distribution has 
been before them. But the justice and equity of considering these 
creditors of even equal rank is open to question when the primary 
purpose of insurance is considered, although it must be conceded 
that the difficulties to be met by a court in coming to any other 
conclusion in view of the contracts entered into by the parties issuing 
and taking them in stock companies are many and perhaps insur- 
mountable. Such cases doubtless belong to that class where the 
question of the real equities do not reach the court, owing to acts 
and agreements of others which cannot be ignored. 

Should the Statutes provide a Method of Settlement? 
But a practical question now is, how should the statute treat this 
question ? Should it provide, as do the laws of New York and some 
other States, that (1) any fire insurance company may adopt the 



INSURANCE COMMISSIONER. IX 

principle that the unearned premiums on outstanding policies and 
certain other funds shall not be available to pay conflagration losses 
and so provide in the policies ; or (2) shall it be left to the courts 
to determine in case of controversy, as it is now left in most of the 
States ; or ( 3 ) should the statutes provide in effect that those who 
suffer loss shall have their claims paid, regardless of claims for un- 
earned premiums, if the unfortunate company has sufficient assets to 
pay the loss claims ? 

If the former rule is adopted it means that the policy holder who 
escapes loss is twice fortunate, first in having no loss and second in 
being made a preferred creditor ; while the policy holder who has 
seen his possessions go up in flame and smoke not only has that mis- 
fortune, but the additional one that he must be, as a creditor, content 
with the leavings, however meagre. And here it should be said that 
in case of a catastrophe to such a company to an extent that calls 
into play the provision of the statute in question, the sole amount 
available for the payment of conflagration losses is what the company 
possesses in assets above a certain special fund, unearned premiums 
upon outstanding policies and other liabilities ; in other words, the 
capital, guaranty surplus fund and surplus of the company. How 
many who insure in such a company comprehend the fact that if they 
are caught in a conflagration which hits the company hard their only 
hope of indemnity from that company is what they may recover 
from those funds? How many persons subject to a conflagration 
hazard would select such a company for patronage if they could se- 
cure sufficient insurance in companies whose total assets would be 
liable for conflagration losses ? Such a company doubtless has at- 
tractions to those who are not subject to a conflagration hazard, be- 
cause outside of congested districts ; but San Francisco policy 
holders discovered, if they did not comprehend it before, that the 
little clause in their policies limiting the company's liability under 
certain conditions was not put in there without a purpose. 

That a company should by statute be allowed to escape the conse- 
quences of a conflagration when it deliberately issues policies so that 
it becomes subject to that risk is a proposition which should not pass 
unchallenged, especially since it may escape such risk, if it desires, 
by keeping out of congested districts, or by writing cautiously 
therein. Is it not better policy to say to a company in respect to 
all its underwriting ventures, if you sow to the wind you shall reap 
the whirlwind, rather than for the State to say, we will allow you to 



X REPORT OF THE 

relieve yourself of a part of your liabilities by repudiating the em- 
barrassing portion of them if you " take a chance " by assuming for 
the purpose of getting the premiums a bunch of risks that it would 
not have assumed but for the chance of escaping fatal consequences? 

Preference by Reinsurance. 

Passing to the consideration of the second question, it may be 
said that there are cases where the reinsurance of outstanding 
policies by a company that has met severe losses in a conflagration 
would not be a detriment to those who have experienced losses, 
although in the balance sheet the assets might not equal the 
liabilities. This condition arises from the fact that a reputable 
company can usually reinsure its risks for a smaller amount than 
the unearned premium liability on such risks. If the saving is 30 
per cent., it means that the company gets rid of $1 of unearned 
premium liability for every 70 cents it pays out on that account. 
On $500,000 of such liability it would save $150,000, which would 
be available for the payment of losses. Such reinsurance would 
not be a detriment to the loss creditors until the company's inability 
to pay reached the point where it would be less advantageous for 
them to accept pro rata the residue of the funds after the reinsurance 
is paid for than to participate pro rata with the outstanding policy 
holders in the total assets of the company before reinsurance. Just 
where this point would be could be easily figured in a given case 
where all the conditions are known. To be sure, it is somewhat 
theoretical, and there might be danger of misunderstandings in act- 
ing upon it, and great danger that all the conditions would not be 
known. The result of action upon imperfect knowledge of the con- 
ditions would of course be to the detriment of the loss claimants, if 
to anybody, for the reason that in event of such action resulting in 
reinsurance those whose risks are reinsured receive their dues in full 
at the outset, and become exempt from future chances. 

We have recently had a conspicuous example of this in our own 
State, when the American Insurance Company of Boston, soon after 
the San Francisco disaster, reinsured all of its outstanding risks, 
thus settling in full with that class of creditors, while it soon after 
began an attempt to settle with its claimants in San Francisco for 
40 per cent. A statement furnished this department, upon its re- 
quest and after much deliberation, over the signature of its president 



INSURANCE COMMISSIONER. XI 

and its secretary, and the counsel and a director of the company, 
showed that in their belief the liabilities of the company on ac- 
count of the San Francisco disaster would not exceed $400,000. 
As it then appeared that it would be no detriment to the San 
Francisco claimants for the company to reinsure, no obstacles 
were placed in the way of such consummation. Subsequent rev- 
elations, however, made it evident that the administration of the 
company's affairs was not conducted as would be expected of a 
reputable company in a solvent condition. The details of the case 
may be found in the examiner's report, published elsewhere in this 
volume. 

It is a question whether, under the Massachusetts statute as it 
then stood, the reinsurance could have been prevented. The com- 
pany's officers claimed that it was solvent ; it would have been 
extremely difficult at that time to prove to the contrary. In very 
few if any of the States are there any statutes that would have pro- 
hibited the reinsurance contract. In several States there were 
similar transactions. Nevertheless, it would appear to* be a tramp- 
ling upon the rights of the creditors who met with loss in that dis- 
aster, and who, if a contract of insurance is to mean anything, were 
entitled to receive from the company at least a pro-rata distribution 
of the assets, based on the liabilities under the contracts. The 
Massachusetts statute giving the Insurance Commissioner authority 
to act in such cases has now been amended and extended, and for 
the convenience of those interested is here inserted : — 

Section 8. If it appears to the insurance commissioner that the capital 
of a domestic insurance company is impaired to the extent of one-quarter 
or more on the basis fixed in section eleven, and that the company can with 
safety to the public and its policy holders be allowed to continue in busi- 
ness, he shall notify the company that its capital is legally subject to be 
made good in the mode provided by section thirty-eight, and if such com- 
pany shall not within three months after such notice satisfy him that it has 
fully made good its capital or reduced it, as provided in section forty ; or 
if he is of opinion that any domestic insurance company has exceeded its 
powers ; or has failed to comply with any provision of law ; or that its 
condition or management is such as to render its further transaction of 
business hazardous to the public or to its policy holders or to its creditors ; 
or that it has attempted or is attempting to compromise with its creditors 
on the ground that it is financially unable to pay its claims in full ; or if 



Xll ' REPORT OF THE 

when its cash assets are less than its liabilities, inclusive of unearned 
premiums, but exclusive of capital if any, it attempts to the disadvantage 
of policy holders who have sustained losses to prefer or has preferred by 
reinsurance policy holders who have sustained no loss ; or if it is insolvent, he 
shall apply to the supreme judicial court, which shall have jurisdiction in 
equity of such application, for an injunction restraining it in whole or in part 
from further proceeding with its business. The court may issue an injunc- 
tion forthwith and may, after a full hearing, make the injunction perpetual 
and may appoint agents or receivers to take possession of the property and 
effects of the company and to settle its affairs, subject to such rules and 
orders as the court may from time to time prescribe. 

Should Loss Creditors be preferred by Statute? 

The final question raised for consideration is this : In case of the 
insolvency of a fire insurance company should the statutes of the 
State provide that those persons who have become its creditors by 
reason of losses by fire shall have advantages over those policy 
holders whose only claim is for unearned premiums? As has 
already been intimated, unless the statutes do so provide, the courts 
in case of a stock company will consider that the contracts held by 
the two classes, which not only agree to indemnify in case of loss 
but also provide for a return of the unearned part of the premium 
in case of cancellation, give each class equal rights, and decree 
accordingly. 

It is a fact which no one will question that a person takes out a 
fire insurance policy in order that he may be indemnified in case of 
loss. If the choice were given him between two policies, one of 
which provided for the full indemnity purchased by his premium, 
but for the loss of the unearned part of the premium in order to 
pay other loss claimants in full in case of a conflagration, or a policy 
that provided for part indemnity in case of a conflagration, but 
gave the policy holder the right to demand his pro-rata share of his 
unearned premium, or to have his policy kept in force in case he 
himself had no loss by fire, he would take the one providing for 
full indemnity. In other words, he would not care to suffer loss 
of a part of what might be coming to him as indemnity after the 
misfortune of fire for the sake of retaining an interest in a trifling 
sum comparatively when he had met no misfortune. As there can 
be no doubt that this is a correct conclusion as to the choice an 
insurer would make when he takes out his policy, why is it not 



INSURANCE COMMISSIONER. XI 11 

the proper rule to apply in the administration of the affairs of an 
insolvent fire insurance company, and why should not this rule be 
embodied in law? Before the insolvency occurs is the time and 
the only time when such a question can be viewed by the insured 
without prejudice. It is the consensus of opinion formed before the 
event that should govern, and that would seem to point to a settle- 
ment which would favor those who have suffered from the mis- 
fortune of fire rather than place them simply on equal terms with 
those whose only interest is to receive a part of what they have 
paid for their insurance. 

Would it not be well to have this matter settled by statute ? 



The Ee serves of Fire Insurance Companies. 

It is the vogue just at present on the part of a few to proclaim 
that the rule adopted for ascertaining the reserve liability of fire 
insurance companies is wholly wrong and should be changed. That 
rule is in this country 50 per cent, of the gross premiums written 
in the policies for those policies running one year or less, and a 
pro-rata amount on a monthly basis for policies of longer duration. 
In an old company which writes substantially a uniform amount in 
each month of the year, whether of yearly or term business, the 
result of the computation is just about 50 per cent, of the premiums 
in force. This, it is said, is too much. It is more than is necessary 
to reinsure the business, and more than would be required to cancel 
all the policies on the request of the insured at short-time rates, 
they say. The conclusion, therefore, in their minds is that the 
reserve might be reduced, and the companies would still have enough 
to pay all their losses as they accrue. A reserve of about 35 per 
cent, they hold to be sufficient. 

Now, it is true that there has been a great change in the methods 
of doing business since the 50 per cent, rule for reserve was first 
adopted. Then no such allowance had to be made for expenses as 
now. There was no initial outlay of 20 to 25 per cent, for com- 
missions. Speaking broadly, a company had earned one-half the 
premiums on a policy when one-half of its term had expired. In 
other words, it needed just as much of the premium to carry the 
policy the last half of its term as the first half. Moreover, it was 
found that a company with a fairly long experience had on any date 



XIV REPORT OF THE 

earned one-half of its annual premiums, as on the average such 
policies had just half a year longer to run. That fact established, 
one-half of the premiums should be held in reserve to pay the losses 
on a company's policies for the rest of the time they had to run. 
It was a simple, correct and logical rule. Naturally, when State 
supervision was established this rule was adopted for the reports. 
Massachusetts adopted it first in the 1860 report. Gradually, 
direct applications for fire insurance policies diminished, until to- 
day there is hardly a policy issued which does not yield somebody 
a commission. Commission rates, too, are constantly advancing. 
The question arises whether the company would be safe if it should 
hold as a reserve only 50 per cent, of that part of the premium 
which is for the payment of losses, and no part of that portion which 
is for the expense of getting the business on the books. 

Plausible as the contention for a new basis of reserve for such 
companies seems at first thought, there are, nevertheless, several 
considerations which should not be lost si^ht of in a discussion of 
the question. In the first place, the premium as written in the 
the policy is not divided into an expense portion and a portion to 
be applied to the payment of losses. To the policy holder it is a 
homogeneous whole. If the company cancels, he gets under the 
terms of the policy a pro-rata share of that homogeneous whole, 
regardless of whether 25 per cent, of it has gone for commissions. 
If he cancels, he gets the balance of that homogeneous whole after 
the deduction of the cost of carrying at short rates the policy for 
the time it has run. If a company reinsures, its obligations and 
liabilities to the policy holder are precisely the same while its poli- 
cies are outstanding. If the company taking the risks by reinsur- 
ance fails, the company which ceded them loses in part at least what 
it has paid for the reinsurance, and has all the responsibility and 
burden of carrying out the contracts thrown back upon it. If a 
great loss were suffered in this way, and only a 35 per cent, reserve 
maintained, it is difficult to see how a company would be in a posi- 
tion to meet its obligations to cancel policies even on a short-time 
basis. But, it will be said, this is an exceptional case, and it is 
unfair to apply a rule to all companies at all times to meet a possi- 
ble exceptional experience. A sufficient reply, to this would seem 
to be that many rules of law are made to cover exceptional cases. 
But for those cases the law need not bother with the question of 



INSURANCE COMMISSIONER. XV 

reserves at all. A majority of companies would do the safe and 
prudent thing without compulsion, just as the great majority of men 
do not need a statute to keep them from committing murder or 
grand larceny. But aside from the fact that the cancellation clause 
of the policy would preclude much diminution of the present reserve 
without considerable risk to the company in certain cases, and 
would leave the company without means to retire from business by 
cancelling its policies on its own motion, it cannot be doubted that 
such reduction would tend to promote extravagance and weaken the 
companies. If a less part of the premiums had to be saved a still 
greater part could be used for expenses and dividends, and there 
would be still greater insistence for larger commissions. The result 
would be that the sum which is now retained for the protection of 
the public, but which it is proposed to release, would, in the cases 
where there is the greatest need that it be kept, be used for expenses 
and dividends, and no advantage would accrue to the public in 
lower rates or otherwise ; but there would be a loss of protection, 
although the cost of it would remain the same. 

There has been an attempt to show that the present reserve re- 
quired is a menace to the solvency of companies in case of great 
conflagrations. The logic of the position seems to be that the more 
assets a company has the more likely it is to fail ! The general 
belief is that the contrary is true. Let us look at the facts. What- 
ever the standard fixed by law for the reserve, whether it be 50 per 
cent, or 35 per cent., all that a company can pay out for losses 
without becoming impaired is its surplus on the day of the disaster 
plus the reserve on the policies which mature by reason of that 
disaster. The company that maintains a surplus of half a million 
would have the same loss-paying power before becoming impaired, 
whatever the basis of reserve. In order for the company to have a 
greater loss-paying power without impairing the funds it must hold, 
it must maintain a larger surplus. If the reserve were reduced, is 
there any probability that the companies which need larger amounts 
in the surplus funds would accumulate them ? It would require a 
high degree of optimism to believe that of some of them. It is 
much nearer the probability to hold that the companies which are 
the most reckless and consequently need the largest surplus for the 
protection of their policy holders would be the very first to take 
advantage of any diminution allowed by law in respect to reserve to 



XVI 



REPORT OF THE 



increase stockholders' dividends, and make a higher bid for business, 
which the intrinsic merit of the company would not attract. 

The best solution of the difficulty, if it is one that requires solu- 
tion, would seem to be, not to weaken the companies by reducing 
the amount of reserve they must carry, but, rather, to provide in 
the law that they may have a reasonable time to make good any 
impairment which results from abnormal losses by reason of a con- 
flagration, instead of the present statute, which it is conceivable 
might terminate a company's existence before it had had an oppor- 
tunity to recover from the shock of the calamity. This period need 
not cover more than one year, as it has been proved that that period 
is ample, by the recuperation of many companies which suffered 
beyond the point of solvency for the time being from the San Fran- 
cisco disaster. 



Department Examinations. 

Below is a list of the companies examined by this department 
during the year 1906, with the location of the home offices of the 
various companies, and the year of the examination next preceding, 
following which is a report of the special examination of the Ameri- 
can Insurance Company of Boston : — 

American Insurance, . 

Annisquam Mutual, .... 

Arkwright Mutual, . 

Boston Manufacturers 1 Mutual, . 

Cotton and Woolen Manufacturers 1 Mutual 

Fitchburg Mutual, .... 

Industrial Mutual, 

Mercantile Fire and Marine, 

Merrimack Mutual, 

Mutual Protection Fire, 

North American, 

Old Colony, 

Rubber Manufacturers 1 M utual, . 

South Danvers Mutual, 

West Newbury Mutual, ... 

Besides the above companies, the following companies of other 
classes were examined during the year : — 

American Birth Insurance, .... Boston. 

American Mutual Liability, . . . . Boston, . . December, 1903. 

Columbian National Life, .... Boston, . . October, 1903. 

Conveyancers 1 Title, Boston, . . December, 1903. 



Boston, 


December, 1905. 


Gloucester, . 


December, 1903. 


Boston, 


November, 1903. 


Boston, 


. November, 1903. 


Boston, 


November, 1903. 


Fitchburg, . 


. November, 1903. 


Boston, 


. November, 1903. 


Boston, 


October, 1904. 


Andover, 


November, 1904. 


Charlestown, 


November, 1903. 


Boston, 


April, 1903. 


Boston. 




Boston, 


" November, 1903. 


Peabody, 


December, 1903. 


West Newbury, 


September, 1903. 



INSURANCE COMMISSIONER. 



XV11 



Massachusetts Title, 
State Mutual Life, 
Union Mutual Life, 



. Boston, 

. Worcester, . 

. Portland, Me. 



December, 1903. 
January, 1903. 



Report of Examination of the American Insurance Company of Boston, 

Hon. Fred'k L. Cutting, Insurance Commissioner, Boston. 

Dear Sir : — I hereby submit my report of the special examination of 
the American Insurance Company of Boston, made pursuant to your direc- 
tions, showing the condition of said company Oct. 12, 1906, and its trans- 
actions from Dec. 31, 1905, to the date of the examination. 

Income. 

Fire premiums, • . . . $284,378 27 

Extra fire premiums, 2,393 21 

Marine premiums, . 951 19 

$287,722 67 

."'■.. 18,006 46 



Interest, . . . . 

Borrowed money, viz. : — 
Old Boston National Bank, loan account, 
Old Boston National Bank, overdraft, . 

Profit and loss, — profit on sale of securities, 



Total income, 
Ledger assets Dec. 31, 1905, 



$54,928 24 
2,843 90 



57,772 14 
16,315 12 

$379,816 39 
769,984 49 



Total, $1,149,800 88 

Disbursements. 

Losses, 

Purchase of San Francisco claims, 

Dividends to stockholders, ...... 

Return premiums, . . . . 

Reinsurance (per ledger account), . 
Firemen's Insurance Company, for reinsurance, 
Taxes and fees, ....... 

Expenses, . . . . . 

Commissions and brokerage, . 

Loss on sale of securities, 

Total disbursements, . . . 



$,961 40 

294,613 64 
12,000 00 
84,743 43 
25,912 99 

258,995 11 
12,834 48 
55,151 35 
49,566 64 
11,725 50 



Balance, 

Ledger Assets. 

Mortgages, 

Stocks and bonds, per schedule, . . 

Cash in office, . . 

Agents 1 balances (debit, $41,021.38 ; credit, $5,837.86), 

Total, 



844,504 54 

$305,296 34 

$20,000 00 

249,834 08 

278 74 

35,183 52 



,296 34 



XV111 



REPORT OF THE 



Non-Ledger Assets. 
Due from other companies for reinsurance on losses other than San 

Francisco claims and which occurred prior to reinsurance in the 

Firemen's, • 

Face value of claims against other companies for reinsurance on 

San Francisco losses paid by American prior to October 12, per 

schedule A, 



Interest due on mortgages, . 
Interest accrued on mortgages, . 
Interest accrued on stocks and bonds, 
Market value of stocks and bonds over book, 



Gross assets, 



$104 17 

375 00 

2,550 04 



$6,215 29 
43,450 00 



3,029 21 
19,460 92 

$377,451 76 



Not admitted. 

Agents 1 balances, . $41,021 38 

Market value of Boston Terminal bond deposited 

with Fidelity and Deposit Company as collateral, . 2,205 00 



43,226 38 



Admitted assets, $334,225 38 



Liabilities. 

Unpaid losses other than San Francisco claims, 
Less reinsurance on same, .... 

Face of San Francisco claims, 
Face of reinsurance on same, 

Due Old Boston National Bank, loan account, 
Due Old Boston National Bank, overdraft, 



Liabilities, except capital, 
Cash capital, . 



$22,844 36 
930 38 

$335,300 00 
45,150 00 

$54,928 24 
2,843 90 



$21,913 98 

290,150 00 

57,772 14 



,836 12 
300,000 00 



,836 12 



Total liabilities, . 
[Schedules A, B and C omitted.] 

Losses. 

The "losses" other than those occasioned by the San Francisco con- 
flagration, are shown by the ledger account to be $38,961.40, but this 
amount includes $8,000 paid to R. W. Hosmer as a commission on the 
settlement of the San Francisco claims, the details of which are discussed 
in a subsequent paragraph of this report; it also includes $1,250 paid to 
E. G-. Pieper, the company's adjuster, who has 'been stationed in San 
Francisco since about the middle of May. The latter amount was trans- 
ferred to the expense account during the progress of this examination. 



INSURANCE COMMISSIONER. XIX 



History. 

This company was incorporated, and commenced business, in June, 
1818. Its last annual statement to this department shows that on Decem- 
ber 31 last it had admitted assets of $791,601.79, a paid-up cash capital 
of $300,000, and a surplus over all liabilities of $83,917.39. 

The San Francisco earthquake occurred on the morning of April 18, 
1906, and was immediately followed by the most disastrous conflagration 
which ever occurred in this country. 

It now appears, from the books of the company, that, at the time of the 
disaster, the American had insurance in force in the burned district of San 
Francisco aggregating $1,148,539.10, and, in view of its inability to de- 
termine the amount of the loss for which, I assume, it would not be liable 
under its policy contract, it is evident that this company not only became 
insolvent, but that it lost its entire capital by the San Francisco con- 
flagration. 

That the officers of the compauy early realized that the corporation 
became insolvent by the disaster appears to be shown by the fact that on 
April 23 the directors voted to "cease writing business until the company 
is proven solvent." 

Soon after the disaster, your examiner, pursuant to the instructions, 
interviewed the secretary of the company concerning its losses in San 
Francisco, and was advised that the American estimated its loss at 
$800,000 ; that the company had notified its agents to cease writing busi- 
ness ; and that it was then negotiating for the reinsurance of its outstand- 
ing risks. Shortly after this interview, the secretary and the senior 
counsel of the company, with its general agent, R. W. Hosmer of Chicago, 
who was the manager of the company's western department, including the 
Pacific coast, visited this department, and, in an interview with the Deputy 
Insurance Commissioner and the Attorney-General, stated that its first 
estimate of the San Francisco losses, as reported to the examiner, was 
largely in excess of the probable loss, as shown by later advices, and then 
claimed that this loss would not exceed $400,000, and would probably be 
less. 

Following these several interviews, this department further interrogated 
the company concerning the proposed reinsurance, and its ability to dis- 
charge its liabilities, and was assured by the senior counsel of the company 
that, if permitted to reinsure its business as contemplated, it would still 
be in possession of sufficient assets to liquidate its outstanding losses and 
all other obligations in full, excepting the liability to its stockholders. 
These verbal representations were confirmed by a certificate filed with this 
department on April 27, and which reads as follows : — 



XX REPORT OF THE 

Boston, April 27, 1906. 
To the Insurance Commissioner of Massachusetts, State House, Boston. 

Dear Sir: — The undersigned president, secretary and one of the directors 
of the American Insurance Company of Boston hereby put in writing, for the 
information of your department, their belief that the net amount of loss by fire, 
for which the American Insurance Company is liable, will not exceed $400,000. 

The Pennsylvania general agent of the American Insurance Company, on 
going over the maps of the burned district carefully with the president of the 
Home Insurance Company of New York, reports that, in his belief, the loss will 
not exceed |400,000. Our Pacific coast manager has also wired that, on account 
of the immense salvage which will be affected by reason of the earthquake and 
other causes, the liability will not exceed this amount. 

Francis Peabody, President. 

Henry S. Bean, Secretary. 

Francis Peabody, Jr., One of the Directors. 

As the assets of the company, at the time the above certificate was filed, 
were stated to be about $500,000, after providing for the proposed rein- 
surance of all the net risks in force, on which there had been no loss, it 
was evident that, had the loss not exceeded $400,000, as estimated by the 
company, it would have been able to have discharged all of its obligations 
in full, and might have been able to have made a dividend to its stockholders. 

At a directors' meeting, April 26, 1906, the president was authorized to 
reinsure all outstanding risks with the Firemen's Insurance Company of 
Newark, N. J., and to dispose of any of the securities held by the company. 

Under date of April 27, 1906, a contract was executed, reinsuring the 
net liability of the American, on which there had been no loss prior to that 
date, as authorized by the board of directors. A copy of the contract is on 
file with this department. The American paid the Firemen's $275,285.32, 
and has since recovered from that corporation, on account of return pre- 
miums, losses, adjustment of errors in schedules, etc., $16,290.21. 

E. G. Pieper of Boston, the company's adjuster, was sent to San Fran- 
cisco, and arrived there about the middle of May ; and R. W. Hosmer, the 
manager of the company's western department, arrived in Oakland June 14. 
Hosmer and Pieper both represented the American in San Francisco, and 
had charge of the settlement of its losses there, subject to the direction of 
the company. 

We find upon examination of the company's ledgers, as shown by the 
disbursement section of this report, an account known as ,the ".purchase of 
San Francisco claims," which consists of amounts -aggregating to $294,- 
613.64, which amounts were deposited from time to time by the American 
Insurance Company in the Old Boston National Bank of Boston to the 
credit of Edmund K. Arnold, a member of the firm of Peabody & Arnold, 
which firm is counsel for the company. Of this amount, $293,830.80, 



INSURANCE COMMISSIONER. XXI 

as shown by the schedule of assigned claims, herewith submitted as Ex- 
hibit B, had, at the date of the examination, been used by Arnold in the 
payment of drafts drawn by Hosmer or Pieper, the company's representa- 
tives in San Francisco, on account of the San Francisco " claims purchased 
by Arnold," as the company expresses it, which claims have been pur- 
chased at the company's expense and with the company's funds. These 
claims were severally assigned to Arnold by the assured, " to his own use,'* 
and on the 12th of October, the date on which this examination was com- 
menced, none of said claims had been transferred by Arnold to the com- 
pany ; but, during the progress of the examination, Arnold assigned these 
claims to the company, as shown by the assignment herewith. The ex- 
planations of the officers of the company concerning the object of, and the 
reason for, this method of procedure in the settlement of the San Francisco 
losses is disclosed by the company's correspondence. 

Policy Contract. 

The policy issued by the American rn San Francisco contained no 
"earthquake clause," but provided : — 

If a building, or any part thereof, fall, except as the result of fire, all insurance 
by this policy on such building, or its contents, shall immediately cease. 

It also provided that : — 

This company shall not be liable for losses caused directly, or indirectly, . . . 
by order of any civil authority. 

It is, of course, well known that the earthquake did considerable damage, 
and that some of the property is said to have been damaged or destroyed 
by "civil authority" to prevent the progress of the flames. It is also 
understood that well-constructed, steel-frame buildings on good foundations 
were but slightly damaged by the earthquake, but were gutted by the fire, 
and that, except in a comparatively few instances, the principal damage to 
frame buildings was from fire, and not from the earthquake, or by order of 
civil authority. It must be conceded, I assume, that the American would 
not be liable under its contract for damage to buildings which fell before 
the fire reached them, or for damage caused by blowing up the buildings, 
or for loss or damage to the contents of buildings of either of these classes, 
provided the company could prove the loss or damage was from either of 
the stated causes, and not from fire. But is it possible, except in a com- 
paratively few cases, to use such a defense? 

One prominent adjuster says : — 

It was not within the power of human wisdom even to approximate the ruin it 
[the earthquake] had wrought. 



XX11 REPORT OF THE 

And the company's own representatives, referring to this matter, wrote 
as follows : — 

From Hosmer, at Chicago, to Bean, May 12 : — 

The latest reports from San Francisco that I get seem to show that there will 
be great difficulty proving (except in individual cases) that the earthquake 
destroyed the building, or any part thereof, before the fire. This fact is no more 
than I expected, and, as I said in Boston, I think our chances for salvage will 
come from the fact that the assured need ready money. 

From Pieper, at Oakland, to Hosmer, May 14 : — 

I find the conditions in San Francisco much worse than is the opinion in the 
east. The general impression has been that the total amount in the burned dis- 
trict could be settled at about 50 per cent. This has now been increased to 85 per 
cent. The destroyed area covers 528 city blocks and 84 blocks partly destroyed, 
and in the entire 612 blocks is not much salvage. Outside the burned district 
nearly every building has some earthquake damage, chimneys are broken down 
and in some cases small parts of walls are cracked or down. Notwithstanding 
this, it is a question to prove earthquake damage in the burned district, as all evi- 
dence is removed, and while I am sorry to look upon it in so gloomy a light, the 
facts are there. 

Hosmer, at Chicago, to Bean, May 25 : — 

Mr. Pieper seems to feel that the chances to prove that the earthquake destroyed 
the building is very slight, and his testimony is concurred in by most of the relia- 
ble adjusters who have been there, so that the magnitude of the loss is not 
comprehended. 

Hosmer, at Oakland, to Bean, August 30 : — 

I note . . . the point you make, as to our non-liability from "earthquake, 
dynamiting and the destruction of the water supply," and I want to say to you, 
privately, that while these claims are without doubt of great value, from a moral 
standpoint, practically they would not hold in this country and State at this time. 

It is therefore manifest that the foregoing clauses in the company's poli- 
cies, as a rule, afford it no relief, against claims for the full amount of the 
loss or damage, when such loss or damage does not exceed the amount 
insured. . .*. 

Misrepresentation. 

So far as I know, it was never intimated to this department, either in any 
of the interviews previously mentioned, or otherwise, that, the officers of 
the American intended to compromise " its adjusted claims" in San Fran- 
cisco, or elsewhere, but, on the other" hand, it was represented from time to 
time that, while the company's assets were probably sufficient to enable it 
to pay all of its obligations to its policy holders in full, it did not propose 
to settle its losses in San Francisco until such time as it knew the approxi- 
mate amount of its liability. We were also given to understand that such 



INSURANCE COMMISSIONER. XX111 

claims as would be purchased in San Francisco by Mr. Hosmer were pur- 
chased by him for Mr. Arnold, and the department had no reason to 
suppose that the funds of the company were being used for that purpose. 
The understanding of the department concerning these matters is conclu- 
sively shown by the letters of the Deputy Insurance Commissioner, under 
date of May 17, July 19 and August 1, respectively. . . . 

The Correspondence 

of the company so clearly demonstrates the methods adopted in the settle- 
ment of its San Francisco claims, and presents the past, present and future 
financial condition of the corporation in such a comprehensive manner, 
that copies of, and extracts from, the same are herewith submitted as 
Exhibit A, from which it appears that, notwithstanding its representations 
to this department, the company has, from the first, contemplated settling 
its claims at a percentage of the amount insured, and without regard to the 
merits of each individual case, or the legal and equitable rights of the 
policy holders. » 

It has previously been noted that K. W. Hosmer of Chicago, who had 
charge of the company's western department, visited this department soon 
after the California disaster, and prior to the 27th of April, the date on 
which the company reinsured its business, and filed in this office a certifi- 
cate concerning its losses in San Francisco. 

The correspondence would seem to indicate that a plan for buying up 
the claims may have been formulated in a general way during Mr. Hosmer's 
visit, for the first letter of importance on this subject, which has been 
shown your examiner, was from the secretary to Hosmer, under date of 
May 5, and in which the secretary says : — 

When the San Francisco losses are adjusted, and (we will say) you are in proc- 
ess of settling them, what would you recommend should be my attitude towards 
one of the claimants who persists in ignoring you or any representative of the 
company on the spot, and comes either direct, or by letter, to the office ? Does it 
fall upon me to make a compromise with him, or is there any way that he can be 
turned down, pending the accomplishment of your work? 

It will be noted that this significant and unique communication was 
written only eight days after the company filed, in this office, the certificate 
of April 27. What does the secretary mean when he says : — 

Is there any way that he can be turned down, pending the accomplishment of 
your work ? 

To what ' ' work " does he refer in the very first letter written to the 
general agent after his visit to the home office of the company? 

And to which Hosmer replied from Chicago, under date of May 9, as 
follows : — 



XXIV REPORT OF THE 

Regarding your letter of the 5th inst, as to what attitude you should adopt 
towards claimants who persist in ignoring the representatives of the company at 
San Francisco, in case of any compromise being made, would say that it is pretty 
early to decide that, but my idea would be not to offer him any more than was 
being offered the San Francisco claimants direct. I think it most important, as 
stated when in Boston, that no one should know the absolute status of the com- 
pany except yourself and Mr. Peabody, and I should not be disturbed by the first 
bluff that was put up by any one of the claimants who might wish to overreach 
the others. At all events, after we have settled quite a number of claims, we 
will, without doubt, be in shape to control our own receivership, and they would 
hesitate before entering into legal proceedings against us unless they had some- 
thing definite to work upon, or upon provocation from us, which they would not 
probably receive. 

I think, therefore, your attitude should be — in event of any such a case com- 
ing up — one of conciliation, but unable to offer any more than that offered by 
your representatives in San Francisco. 

This reply seems to have met the approval of the secretary, for under 
date of May 12 he wrote Hosmer : — 

I am very much obliged for your advice in regard to legal claimants, but we 
trust that we shall be able to hold up our own in this matter without friction-. 

On May 19 the secretary sent Hosmer a copy of the assignment of 
claims to Arnold, and suggested that Hosmer write Pieper to go no farther 
than to accept proofs until he and Pieper "can act together under our 
advice in any attempt to buy up things." 

On May 20 Pieper sent the secretary a statement showing "amount at 
stake" in the burned district to be $1,171,139.10, with $457,724.35 of re- 
insurance, of which $216,458.35 was in the Phenix of New York, a reliable 
and solvent company, making the net amount subject to loss $713,414.75. 
In same letter he asked for permission to draw on the company for such 
losses as he could settle at not exceeding 40 per cent, of the amount of the 
policy. This permission does not appear to have been granted, and it 
appears that Pieper's request was vetoed by Hosmer, who wrote on 
May 28 : — 

I do not think he is competent to handle this end of the business, and he does 
not fully understand it and does not believe in it apparently from his last letter 
to me. 

We have no means of knowing the contents of Pieper's letter, but it is 
evident from Hosmer's communication that Pieper, at that time, did not 
approve of the scheme proposed for " buying up " the claims instead of 
settling them in the usual manner. 

On May 25 the secretary wrote Hosmer that he must not estimate that 
the American had more than $400,000 for San Francisco policy holders, 
and " we cannot possibly suggest more than 40 per cent, for a compromise.'* 



INSURANCE COMMISSIONER. XXV 

Suggesting 40 per cent, as a compromise would seem to preclude the 
company's contention that 40 per cent, on the face of each policy, without 
regard to the amount of the loss, or the manner in which it occurred, 
represented the measure of the American's liability. 

In view of this suggestion, why should the secretary have wired Hosmer, 
June 20 : — 

All newspapers here have reported you are offering 40 per cent, and quoting 
you as to gross liability. Massachusetts Insurance Commissioner inquiring as to 
facts. 

And in view of the facts as disclosed by this examination, why should 
Hosmer have replied on same day : — 

Newspaper reports incorrect. 

And in view of the secretary's letter of May 5, in which he speaks of a 
compromise and the u accomplishment of your work;" of his communica- 
tion of May 19, in which he sent Hosmer copy of assignment to Arnold; 
of his letter of May 25, when he suggests the basis of the compromise; as 
well as the fact that their books show that on June 14 the company had 
made a deposit, in the Old Boston National Bank, to the credit of Edmund 
K. Arnold for the purpose of enabling him to honor Hosmer's drafts for 
claims settled, — in view of all these circumstances, why should the secre- 
tary have written the department on June 23 : — 

It is the policy of the company to delay making payments until they can find 
out the approximate amount it is liable for, or until adjustments are completed. 

And why, on the preceding day, should he have wired Hosmer : — 

Commissioner has been told settlements aVaited knowledge of entire liability 
before paying any one claim. Are you therefore safe in paying any one claim? 

Why the interrogation, if the facts were as represented to the depart- 
ment? 

If the motives of the company were pure, why, on June 21, did Bean 
state, in an interview with a representative of the Boston " Daily Adver- 
tiser," as shown by the " Advertiser" of June 22, that: — 

Hosmer had been sent to San Francisco to determine the losses, but had no 
power to make terms with any of the policy holders. 

In this connection, your attention is called to the contradictory state- 
ments of the secretary in the interviews, as published about June 20, 
abstracts of which will be found in Exhibit A, and in the statement pub- 
lished on page 583 of the " Standard" of June 23. 

On June 22 the deputy commissioner questioned the company concerning 
its losses in San Francisco, and also concerning its financial condition. 



XXVI 



REPORT OF THE 



On June 23 the company replied, furnishing the information desired. On 
June 25 the company sent Hosmer, its California representative, a copy of 
the correspondence. On June 30 Hosmer wrote the secretary, acknowl- 
edging receipt of the correspondence and the financial statement of the 
company furnished to this department. In this letter Hosmer says : — 

For your eye only, I enclose statement I have made up and which I show 
occasionally to those who wish to know how I arrive at 40 per cent. It jibes with 
your statement all right, as you omitted certain charges I put in. 

These two statements, arranged in parallel columns, show that Hosmer 
was using, in order to force settlements, a false representation of the com- 
pany's condition, unless we assume that the secretary made a false state- 
ment to this department : — 





Company. 


Hosmer. 


Total assets, 

Gross losses in San Francisco, .... 
Less reinsurance, . . . . . . . 


|496,704 32 

$1,121,689 00 
451,766 00 


$436,460 00 

$1,221,891 00 
242,016 00 


Net San Francisco loss, .... 
Losses outside of San Francisco, 


$669,923 00 
Not given. 

Not given. 


$979,875 00 
40,000 00 


Total liability, 


11,019,875 00 



Not including amount due from Pacific coast and Chicago general agents,, 
which, at the date of the examination, amounted to about $24,000. 

In a letter to Bean, under date of May 28, Hosmer writes, concerning 
the reinsurance in the Phenix, amounting to $225,000 : — 

I shall not, in making up any statement which I may show the committee of 
our loss claimants, show any reinsurance in the Phenix, as that is something 
entirely outside of our ordinary and proper reinsurance, and something which I 
do not feel absolutely entitled to, thus showing our losses are something over 
$900,000. 

You will observe that Hosmer underestimates the assets by about 
$90,000 while his statement shows that the gross loss was about $100,000 
more than the amount represented by the secretary ; it also shows the 
reinsurance on the San Francisco claims to be $242,000, instead of 
$451,000 as represented by the secretary. It is evident that Hosmer has 
eliminated from the reinsurance the amount due from the Phenix of New 
York, a perfectly solvent company, which had reinsured certain term 
business of the American. This reinsurance in the burned district of 
San Francisco amounted to about $225,000, as shown by the report of the 
secretary, filed in this office June 23. 



INSURANCE COMMISSIONER. XXV11 

Hosmer, moreover, represented the liabilities of the company to be 
something over $1,000,000, and with assets of only $436,000. It would, 
of course, be evident from his showing that the company could pay only 
about 40 per cent, of its liabilities. The statement filed with this depart- 
ment by the secretary shows that its assets were, in round numbers, 
$520,000, and its net liability, on account of its San Francisco claims, — 
not deducting salvage, — about $670,000. 

So far as we have been able to discover, Hosmer was never instructed 
not to make use of the statement which he forwarded to the company, and 
which he stated he was occasionally showing claimants who wished to know 
how he arrived at a 40 per cent, basis. 

It thus appears to be conclusively shown that prior to June 23 arrange- 
ments had been completed for Hosmer to settle claims in San Francisco at 
40 per cent, on the face of the policy, notwithstanding the company's 
statement in its letter of June 23 to this department. 

About June 20, he was accused of representing that the gross losses in 
San Francisco were, in round numbers, $1,200,00Q, with $200,000 rein- 
surance, and of offering 40 per cent, in settlement, which statement was 
emphatically denied in his telegram of June 22. And yet his statement 
of June 30 shows that he was showing claimants the figures which he 
denied using. 

In a letter dated July 17, a copy of which appears in Exhibit A, the 
president wrote Dorville Libby of California : — 

It is paying all that it can now, and is sacrificing its stockholders in the interest 
of the San Francisco policy holders. 

In the letter of June 23 the secretary also says : — 

No authority was given, or expected, to compromise the payment of our losses 
on any other ground than it is legally empowered to avail of under the form of 
policy contract. 

We find it impossible to harmonize this statement with previous cor- 
respondence and acts of the company, of which the secretary had full 
knowledge. 

That it was evidently Hosmer's intention to mislead the Massachusetts 
Insurance Department is shown by his letters. June 30 he says : — 

I am sending you, under this cover, another letter, that you can show Hardison 
if you think best. 

While on July 5 he criticises the company for having given the deputy 
commissioner "quite so much information," and on the following day 
again writes the secretary : — 

Mr. Pieper and I have to-day drawn up a letter, which he has signed and sent 
to you, relative to the Insurance Commissioner of Massachusetts, which, if you 



XXV111 REPORT OF THE 

agree with us, I think will be a good idea to have brought to the attention of Mr. 
Hardison in order to put a check upon him, so that if any one else writes him, he 
will not be telling something that may bother us here. 

Again, on the 16th of July, Hosmer writes the company : — 

When he gives me his check I will send it to Chicago, and I shall instruct our 
office not to make a final account to you, either for Stovel or ourselves, for the 
present, as I do not want you to have any more funds on hand to show the Insur- 
ance Commissioner. 

The company appears to have acquiesced in this suggestion. 
Under date of July 18 the company wrote Hosmer : — 

Mr. Hardison, Deputy Insurance Commissioner, has informed us that he objects 
to your acquiring claims against the American Insurance Company at 40 cents on 
the dollar, or any other rate, if any misrepresentations are used as to the financial 
condition of the company, or as to the assets available for paying claims. We, of 
course, do not believe that you have employed any such means to acquire the 
claims purchased by you, but at Mr. Hardison's request we now clearly state his 
position to you. As we understand it, he has no objection, if any person with full 
knowledge of the condition of the company, as far as it can be known, desires to 
sell his claim to you, to its being done. He does, however, object to persons with 
valid claims giving up or assigning their rights under a mistaken impression as 
to the facts. 

We have agreed with him to instruct you that only claims acquired by you in 
accordance with the rule laid doivn by him, as above, will hereafter be purchased by 
our company. 

In consideration of the facts as previously recited, as well as those which 
follow, concerning Hosmer's representations, the foregoing communication 
warrants no comment. The letter of the company to Hosmer under date 
of July 19 throws additional light on the communication under date of 
the 18th: — 

Telegram sent to you this morning as follows : " Letter embodying Hardison's 
views mailed to you today. Will restrict but not stop you Meantime, improve 
each shining hour." And the letter is herewith. . . . The point of Mr. Hardison's 
objection is that he allowed us to reinsure on the statement of our belief that our 
losses would not exceed $400,000, which he understood would make it unnecessary 
for us to go into the hands of a receiver, as we could pay all legal claims in full 
from the resources of the company. He further says he cannot allow you to state 
that the company will either pay 40 cents or undoubtedly go into the hands of a 
receiver, thereby threatening the assured with an alternative which is not posi- 
tive. . . . This merely changes the basis on which you are to, stand in dealing 
with the assured. - - 

In the same communication the secretary says a copy of the president's 
letter to Hosmer has been shown the commissioner, at his request. The 
president's letter of the 18th, it will be noted, was enclosed with the secre- 
tary's letter of the 19th. It is manifest that the letter of July 19 was not 



INSURANCE COMMISSIONER. XXIX 

shown the commissioner, for obvious reasons. In the same communication 
the secretary says : — 

I think you will find the expression of Mr. Hardison's views not so detrimental 
to your work as might at first appear, and I trust you will be able to more than 
double your present success before you find it necessary to return. 

Another indication of double dealing with this department is shown by 
Hosmer's letter of July 25, acknowledging receipt of the president's com- 
munication embodying Mr. Hardison's views, in which he says : — 

I will make a separate reply to Mr. Feabody. 

This reply was evidently intended for the inspection of the department. 
It will be noted that in Hosmer's letter of May 9 to the secretary of the 
company he states : — 

I think it most important, as stated when in Boston, that no one should know 
the absolute status of the company except yourself and Mr. Peabody. 

Is it not apparent that the matter of compromising the San Francisco 
claims may have been discussed, and outlined in a general way, during 
Hosmer's visit to Boston, as previously suggested? What good reason 
existed why no one should know the absolute status of the company ex- 
cept the president and the secretary if the corporation was disposed, as it 
has claimed, to pay its liabilities in full, and that 40 per cent, therefore 
represented the measure of the company's liability, and not its ability to 
pay? As bearing upon this subject, I desire to call your attention to 
Hosmer's letter of May 28, in which he says : — 

My idea would be to have a meeting of some of the prominent claimants (men 
of character and standing in San Francisco) and convince them that a settlement 
of 40 per cent cash is the best thing for all parties in interest, and get them to 
sign a paper, as I did for the Connecticut after the Chicago fire, and if I succeed 
in making such an agreement with them I feel that I can then carry through the 
compromise outlined. I shall not, in making up any statement which I may 
show the committee of our loss claimants, show any reinsurance in the Phenix, 
as that is something entirely outside of our ordinary and proper reinsurance, 
and something which I do not feel absolutely entitled to, thus showing our losses 
to be something over $900,000. 

And again on June 21 Hosmer says : — 

I shall not make any " show down " of our condition to a committee of claims 
for fear they will turn us down and then petition for a receiver. We are in the 
enemy's country and have to be very cautious. No one who has been in to-day 
so far will accept our offer of 40 per cent., and acts as if we were trying to skin 
them. 

Under date of June 23 Hosmer says : — 

We tell the assured that all we can pay them now is 40 per cent., and if they 
want more they will have to wait ascertainment of our actual liability when the 



XXX REPORT OF THE 

courts have decided it, so that we can avoid saying that we are insolvent, and 
thus give some one a chance to sue us at once. 

Notwithstanding the agreement with the department, as shown by the 
letter of July 18 to Hosmer, we find, as shown by Hosmer's letter of 
July 16, that he made extra payment on account of a policy in which 
Stovel, the Pacific coast representative, was interested, under the guise of 
"services;" that he made extra payments to the representatives of the 
Roman Catholic church by an extra draft on Arnold, as shown by the 
voucher herewith submitted; that, under date of August 16, he gave Mr. 
Baggs $500 for services, as an extra payment on the settlement of certain 
losses ; that he had promised to give $750 extra on account of a settle- 
ment with a sister of one of Stovel's best customers ; and that he paid the 
proprietor of the San Francisco "Chronicle" an extra $1,000, with the 
understanding that the representatives of the American in San Francisco 
were to be "let alone." In Hosmer's letter of August 17, concerning 
extra payments, he says : — 

My idea would be to give them drafts on Mr. Arnold at 40 per cent, for all poli- 
cies not reinsured, but that Mr. Pieper would make drafts direct upon you for 
those policies that are reinsured, thus to save me from paying any one more than 
40 per cent., which I have distinctly declared I would not do. In fact, in one in- 
stance I gave a ivriting to that effect to the Western Meat Company. 

In a letter under date of July 11 to this department Mr. Dorville Libby 
of California wrote : — 

Shortly after the fire it was given out, through the general agent who handles 
their business, that the company had reinsured its risks and that policy holders 
would have to take what they could get. 

And further says : — 

I am sure that this company will meet determined and intelligent opposition to 
this policy of intimidation and repudiation. 

On July 20 Hosmer wrote the secretary concerning a letter received by 
some one in San Francisco from Deputy Commissioner Hardison, from 
which it appears the recipient understood the company had the ability to 
pay more than 40 per cent, of the face value of its San Francisco claims, 
and in this letter Hosmer says : — 

If such letters are to be sent broadcast, I do not see as I can overcome their 
influence, and there will be nothing left to do but for the company to go into the 
hands of a receiver. Until I saw this letter of Hardison's, I had been very opti- 
mistic, but I confess that his action has rather upset me, as, from his letter, claim- 
ants would expect us to pay 60 per cent, any way. 

And on July 21 Hosmer again wrote : — 

I feel that in the instructions which I will probably receive on Monday from 
you, as outlined by Mr. Hardison, I will be badly handicapped if they are lived 



INSURANCE COMMISSIONER. XXXI 

up to, and that I might as well pack up and go home, but of course until I get 
your letter I am unable to form a definite conclusion, but I am so worked up over 
the complications involved in the assignment business that I have been unable to 
sleep the last night or two, for I put not only my own personality but my word 
into it. 

September 26 Hosmer again wrote the secretary : — 

I now wish to say in " hug hand," that I wish something could be done to shut 
off that man Hardison, who is doing us great harm. I cannot see why he feels 
called upon to turn himself wrong side out to every claimant here who writes 
him. He could give information in a general way, without giving an entire 
expose of our affairs. I appreciate fully the delicacy and difficulty of your situa- 
tion in Boston, but how in Heaven's name* can I be expected to settle a claim with 
any one who has heard from the commissioner a statement that our gross losses 
are only $1, 127,000, less reinsurance of $450,000, net losses of $667,000, and cash 
assets about $ 500,000 ? I only wonder that his quite unnecessary letters to claim- 
ants here have not spread like wildfire, and put an absolute stop to our plans. 

In the Dolliver case I was very careful, as I knew he was a tough customer, 
and I would not give him a chance to rip up one with Hardison. But if you think 
I can settle losses here by telling the claimants that ive are solvent, but that on account 
of earthquake and dynamiting, etc., etc., we will only pay 40 per cent., you give 
me credit for more than I deserve. The truth is, no one attempts to use that argu- 
ment here any more except a few companies like the Commercial Union, Pala- 
tine, Alliance and Norwich Union, who have a remarkably strong earthquake 
clause in their policies which ought to protect them from paying one cent, but they 
are paying 50 per cent, and 75 per cent., knowing that no court here will give them 
justice. If on top of this state of the public mind the Massachusetts insurance 
department tells claimants that we can pay 70 per cent , the work to be done is too 
hard for any one. I am only glad that I am so far along on the road, and believe 
that we will pull off our plans all right in the end. 

On October 3 this department wrote Sewall Dolliver of Oakland, Cal., in 
answer to an inquiry concerning the financial condition of the American, to 
the effect that it "is in such financial condition that its California claims 
should be paid nearly if not quite in full. . . . We see no reason, there- 
fore, why any creditor with a total loss should settle for 40 per cent, of the 
face of his policy." 

This communication was shown to Hosmer, and in a telegram to the 
company under date of October 8 he says : — 

This is outrageous and must be stopped. Dolliver threatened to put the letter 
in the newspapers. If so, I might as well go home. I can settle his claim at 90 
per cent , or perhaps less through Coogan, and secure secrecy. 

Under date of October 10 Hosmer again wrote, in reference to the letters 
written by this department to San Francisco claimants : — 

When once these letters of Cutting's are published in the newspapers here, 
which is no doubt quite possible, you may as well call it that our settlements 
here are closed. 



XXX11 KEPORT OF THE 

And on the 11th he suggested to the secretary that Mr. Cutting might 
be reached through the Governor, and be requested by His Excellency to 
give only a " perfunctory statement of our affairs," and adds : — 

He will either have to be shut off, or you must expect that future settlements 
will cease on any basis much less than 75 per cent., and Pieper and I will be 
looked upon as swindlers. 

That the company did not intend to permit policy holders in California 
to bring suit in San Francisco is evidenced by the fact that its power of 
attorney to Stovel, its Pacific coast representative, was revoked, while it 
attempted to substitute Pieper, its own non-resident special agent, as his 
successor. 

Your attention is also called to the telegram from Hosmer under date of 
August 20, in which he says : — ■ 

Don't let Hardison expose our reinsurance to any one, under any circumstances. 

This telegram and other communications relating to the same subject 
show conclusively that an effort was made to prevent the policy holders in 
San Francisco from acquiring knowledge as to the company's condition. 
That the company acquiesced in this concealment is shown by the secre- 
tary's letter of October 20, and by his communication of a previous date, 
acknowledging receipt of Hosmer's telegram, and complying with his re- 
quest to defer the substitution of the Phenix policies in San Francisco. 

On September 14 the secretary wrote Hosmer to the effect that claimants 
would not be permitted to examine the company's books to ascertain its 
financial standing, as it was not a question of the company's ability to pay, 
but a question of its liability, — and this representation has frequently been 
made. We find, however, from the testimony of Mr. Webster of Boston, 
that on the seventh day of November he had an interview with Mr. Arnold, 
of the firm of Peabody & Arnold, counsel for the company, relating to his 
claim against the American on account of the loss in San Francisco, and he 
was told by Mr. Arnold that the company did not have sufficient funds to 
enable it to pay much if any more than 40 per cent, of $3,400, the amount 
at which his claim was adjusted by the representatives of the company in 
California. Mr. Arnold, however, emphatically denies Mr. Webster's 
statement. Numerous other cases might be cited showing misrepresenta- 
tion, both by the representatives of the company in California and its offi- 
cers, but those previously cited would seem to be more than sufficient to 
conclusively show that such misrepresentations have been made. 

Reinsurance in the Phenix. 
Feb. 26, 1904, the American reinsured all of its three and five year 
policies written in 1903, and then in force, and all of the three and five 
year risks written during the year 1904, by the American, in the Phenix 



INSURANCE COMMISSIONER. XXX111 

Insurance Company of Brooklyn, N. Y., which, by the contract, "agrees 
to pay on demand to the American all losses and the expenses attending 
same which the American may be called upon to pay by reason of the risks 
and policies reinsured, and also all return premiums and rebates on and 
after this date for which the American is liable on the above-described 
policies." This contract is also "subject to the same risks, conditions, 
valuations, privileges, modes of settlement, endorsements and assignments 
as are now or may be hereafter assumed or adopted by the American. " 
On Dec. 29, 1904, the American reinsured in the Phenix all the five-year 
risks to be written in 1905, subject to the terms and conditions above 
noted. The policies it reinsured in the Phenix were not taken over by the 
Firemen's, as shown by the secretary's letter of May 18. The Phenix is a 
solvent company, able to discharge all of its obligations in full, and, in 
accordance with the decision of the court in the case of the Firemen's, of 
Baltimore v. the Allemenia, the Phenix would be called upon to pay the 
loss or damage for which the American became liable. As between solvent 
companies, it is generally understood that the reinsuring company reim- 
burses the reinsured company for the amount of its losses and expenses 
not exceeding, of course, the face of the reinsuring company's policies. 
But as between a solvent and an insolvent company, the solvent company 
must pay to the insolvent corporation the amount for which the insolvent 
company is liable, regardless of its ability to fulfill its obligations, as 
decided by the case above cited. It has been previously noted, and is 
conclusively shown by the correspondence, that there has been a deter- 
mined effort to conceal from claimants in San Francisco the American's 
reinsurance in the Phenix, and extra precautions appear to have been 
taken to prevent the creditors of the American from trusteeing or attaching 
the Phenix, and under certain policies the American has settled with the 
Phenix upon the same basis which it settled its claims in San Francisco, — 
40 per cent, of the face of the policy ; and we understand it is the present 
intention of the American to settle the balance of its claims upon the same 
basis, — that is, to call upon the Phenix to reimburse it for its payments 
on account of its losses in San Francisco. This, it would seem, is a waste 
of the company's assets, as it is believed that the amount due from the 
Phenix is, beyond question, the amount for which the American became 
liable, regardless of what it paid, and the Phenix is abundantly able to 
discharge its obligations. 

Concerning the other reinsurance of the American, the same principle 
would, of course, apply, although in some cases there may be doubt as to 
the reinsuring company's ability to pay all of its obligations at one hun- 
dred cents on the dollar. 



XXX1Y REPORT OF THE 



Profit on Settlement of San Francisco Claims. 
Your attention is respectfully called to the following letters in Exhibit A : 
June 6, June 21, June 22, June 23, June 25, June 30 and July 3, from 
Hosmer, concerning the profit that might be made by having the claims 
assigned to a third party for purely speculative purposes ; and especially 
to the letter of July 3 : — 

We would take no chances of losing a cent, as, with the company's risks rein- 
sured, it is an absolute certainty, and I think 50 per cent, profit on all money paid 
out. If it should prove that we could buy, say $500,000 or f 600,000 in claims 
(and could not buy them all), the profit would recoup the principal stockholders 
for their stock loss, or nearly so, and I feel that I could make myself whole on 
$25,000 claims, face value, and I would like to be one of a syndicate to carry this 
out. I do not feel quite safe in our present arrangements, in view of the attitude 
of your Insurance Commissioner, as they might ask where Mr. Arnold got the 
money. 

In this connection it should be noted that he had several times recom- 
mended that the company's funds should not be used for the purchase of 
these claims. To the foregoing propositions the company appears to have 
made no reply until its letter of July 5, in which the secretary says, after 
discussing Hosmer's suggestions : — 

I am not able to go further than this in advising you to-day, or to go into any 
argument on the subject. If it must be discussed at all, or any alternative 
proposition is to be made, I think it ought to be done verbally. 

On July 10 the secretary wrote to Hosmer : — 

The work you are doing, and which you are likely to do, is of very great value 
to the company, and there is no reason why the company should not compensate 
you from its treasury. It has seemed to all of us, in discussing the matter, that, 
as the outcome is uncertain, it would be better for you not to rely on any contract 
with the company to pay a fixed compensation on the completion of your work, 
but that the company should pay a commission based on the amount saved in 
each case. The policies which you have at this date turned in amount to 
$60,000, which, at 40 cents on a dollar, is a saving to the company of $36,000. 
I would suggest that a commission of 5 per cent, on all such small amounts saved 
from the face of the principal up to $300,000, payable as the claims come in, might 
be a fair compensation, and I should be glad to hear your further views, as the 
whole question is an extremely delicate and difficult one. 

The company's letters of July 5 and July 10, as shown by the extracts 
therefrom in Exhibit A, are as follows : — 
July 5, 1906, secretary to Hosmer: — 

One thing I must say though, at once, so that if you think it necessitates a per- 
sonal interview with you, you will prepare yourself for it, this is, that neither the 
president nor any director of the company is willing to reap any personal advan- 



INSURANCE COMMISSIONER. XXXV 

tage from the purchase of any of our claims. If anything is to be gained from it, 
it must be for the benefit of all the stockholders. They are not willing to use 
their position for their own personal benefit, as they consider they hold their office 
as representatives of the entire membership of the corporation. 

I am not able to go further than this in advising you to-day, or to go into any 
argument on the subject. If it must be discussed at all, or any alternate proposi- 
tion is to be made, I think it ought to be done verbally. 

Have you any idea of coming here, or of returning to San Francisco, and when ? 

Kindly consider this as entirely unofficial, and lay its brevity to the pressure of 
work I am under. 

July 10, 1906, secretary to Hosmer : — 

I am in receipt of your letter of the 3d inst., and have discussed it with Mr. 
Peabody and Mr. Peabody, Jr. They see some serious objections to some of the 
suggestions contained in that letter. Mr. Peabody, Jr., advises us that, in his 
opinion, no officer connected with the company ought to purchase claims against 
the company with a view to his personal profit, and that such profits would be 
considered as held in trust for the company, and would have to be turned into its 
treasmy. He also thinks that, while you have resigned your position as a director, 
there would be grave doubts whether, as you would be acting on inside informa- 
tion acquired while connected with the company, the same rule would not apply 
to you He further suggests some doubts as to the propriety of the company 
giving information to a stockholder or stranger, advising him that the purchase 
of claims against the company would be likely to be profitable speculation, and 
that there would be the same element of injustice in permitting a stranger to 
make a profit at the expense of those policy holders who have settled at 40 cents 
on a dollar, as there is in the fact that those policy holders who refuse to settle 
may get a larger dividend by holding out. 

The principal advantage to be gained, as it seems to me, by the purchase of 
these claims, is that they may be used as a shield against unjust demands made 
against us by companies which we have reinsured, that is, it is desirable that the 
claims should be kept alive in order that they may be used as set-offs to their full 
amount. So long as they are purchased and an assignment taken to Mr. Arnold, 
these claims are kept alive. 

There can be no question, however, that the work you are doing, and which 
you are likely to do, is of very great value to the company, and there is no reason 
why the company should not compensate you from its treasury. It has seemed to 
all of us in discussing the matter that, as the outcome is uncertain, it would be 
better for you not to rely on any contract with the company to pay a fixed com- 
pensation upon the completion of your work, but that the company should pay a 
commission based on the amount saved in each case. 

The policies which you have at this date turned in amount to 60,000, which, at 
40 cents on a dollar, is a saving to the company of $36,000. I would suggest that 
a commission of 5 per cent, on all such small amounts saved from the face of the 
proofs up to 1 300,000, payable as the claims come in, might be a fair compensa- 
tion. 

I should be glad to hear your further views, as the whole question is an ex- 
tremely delicate and difficult one. I think it is clear that everything ought to be 
done which can be done to prevent any policy holders getting more than they 



XXXVI REPORT OF THE 

ought to get, but I think the company ought to be very cautious about actively 
inducing any one to invest in speculative claims against it. 

On October 12, the date on which this examination was commenced, as 
has been previously noted, the company had paid Hosmer, on account of 
this commission arrangement, $8,000. While the examination was in prog- 
ress it paid him $5,000 more as a commission, and sent a check for an 
additional $1,000, to be accounted for by Hosmer later, making a total 
payment to Hosmer of $14,000. It is fair to presume, however, from the 
correspondence relating to this matter, that the remittance of $1,000, or so 
much of it as Hosmer might deem expedient, was to be used in the settle- 
ments which could not be effected on a 40 per cent, basis. At the time 
these remittances were made to R. W. Hosmer, it appears, from the ac- 
counts of the company, that R. W. Hosmer Company of Chicago was owing 
the American about $24,000. 

Under date of October 3 the secretary of the company wrote to Hosmer 
at Oakland, as follows : — 

We have very little question here in regard to what we are doing, and in the 
Dolliver case his letter was shown to us by the commissioner, and we made the 
firm statement that we were only paying what we limited you to — 40 per cent. 
This does not give us any trouble or anxiety, as we feel firm in our position, and 
we think the commissioner is satisfied, or at least he appeared to be. We are 
glad to find that Commissioner Cutting is again at his desk, off and on, and that 
if we have to go to his office we shall have him to deal with instead of Mr. Har-. 
dison. In point of fact, we desire to keep entirely clear of that office as long as w& 
can. 

It should be noted that the secretary states that "we made the firm state- 
ment," etc. This statement, which appears to have been made to this 
department on or about September 25, as shown by the secretary's 
telegram of September 25, is in direct conflict with the facts as shown, 
by the following communications from Hosmer to the company, viz. j 
June 27, page 34, Exhibit A ; August 16, page 96 ; August 22, page 100 ; ; 
July 30, page 81 ; and it seems to your examiner that the company must 
have known, when it made the foregoing statement, that it was making a^ 
misrepresentation. 

While the correspondence herein cited appears to have been conducted' 
almost wholly by the secretary, it is only fair to that official to state that 
he was undoubtedly only carrying out the policy of the company in accord- 
ance with the usual duties of the office, for in his letter of August 25 to 
Hosmer he says : — 

This, like all of our correspondence, was at the suggestion of our counsel. 

And it further appears, from the secretary's letter of July 10, that the 
contents of that communication, especially so far as it relates to Hosmer's 
commission, was discussed by " all of us." 



INSURANCE COMMISSIONER. XXXV11 

September 29 Hosmer wrote the secretary that "great vigilance will be 
required to keep our affairs from being known, or our chances of a reason- 
able compromise on the last $200,000 will be greatly impaired." This 
statement, in connection with one in the previous letter, to the effect 
that no one should know the condition of the company except the president 
and secretary, again clearly indicates that it was at least Hosmer's purpose 
not to permit the policy holders to ascertain the exact condition of the com- 
pany or its ability to pay its claims. 

On September 15, in advising the company concerning the claim of the 
Roman Catholic church, Hosmer states : — 

I am confident that Father O'Brien will keep our agreement absolutely secret, 
as he has pledged himself so to do, so that it will not interfere with settlements 
with any other party. 

The company paid in settlement of this claim $2,629.10, in addition to 
the 40 per cent, arrangement. 

In Hosmer's letter of October 9 concerning the Dolliver claim, he 

says : — 

What can one do against the Insurance Commissioner's statement, and not only 
would it stop all settlements at once if published in the newspapers, but I am 
pretty well satisfied that we have claimants who have settled who would be apt 
to make it personally unpleasant for both Pieper and myself, and when I tell you 
that I did not sleep for three hours last night, you may have a little idea of how 
wrought up I am over this contretemps. Dolliver has us in his hands and we 
cannot help ourselves and we must submit. 

In the same letter he adds : — 

If Cutting's letter is published here, I really believe that Pieper and I will get 
into serious difficulties with some of our claimants who have settled. 

It will be noted, from the foregoing extracts from Hosmer's letters, that 
the communications of this department to which he takes the most frequent 
and emphatic exceptions are the department's letters to Dorville Libby, 
and Sewall Dolliver, Vice-President, Dorville Libby & Brother, all of which 
were based on information received from the company, and, so far as its 
finances were quoted by the department, they were as represented over the 
signature of the secretary in his letter to this office under date of June 23. 
The letters of this department were as follows : — 

Boston, July 16, 1906. 
Mr. Dorville Libby, Camp Cutlibert, Emerald Isle, Lake Tahoe, Cat. 

Dear Sir : — I beg to say in reply to yours of July 11, that the charges which 
you have made against the American Insurance Company, that it gave its Chicago 
representative, Mr. R. W. Hosmer, " instructions to settle claims at 40 cents on the 
dollar," is absolutely denied by the company. 

The situation, as far as this department understands it, is about as follows : 
its insurance in force in the burned district was about f 1,000,000. Its reinsurance 



XXXV111 REPORT OF THE 

on those risks amounted to $450,000, leaving a balance of about f 670,000, upon 
which the company claims that it will be liable for about 50 per cent. It has in 
hand, for the payment of claims, in round numbers, $500,000. 

Respectfully yours, 

Frank H. Hardison, 
Deputy Insurance Commissioner. 

Boston, Oct. 1, 1906. 
Mr. Dobville Libby, Care of Bancroft, Whitney & Company, 122 Guerrero Street, San 

Francisco, Cal. 

Dear Sir : — I beg to say in reply to yours of July 24, that we see no reason 
why you should not receive one hundred cents on the dollar on your adjusted 
losses insured in the American of Boston. 

Of course, at this distance, we cannot undertake to judge of the amount of your 
losses, or the figures at which the adjustment should be made. 

Respectfully yours, 

Frank H. Hardison, 
Deputy Insurance Commissioner. 

Boston, Oct. 3, 1906. 
Mr. Sewall Dollivbr, Vice-President Dolliver & Bro., 1560 Fifth Street, Oakland, Cal. 
Dear Sir : — I beg to say in further reply to yours of September 20, that the 
American Insurance Company of Boston is in such financial condition that its 
California claims should be paid nearly if not quite in full. It had at risk in the 
burned district of San Francisco a little over $1, 100,000. This was reinsured 
down to |670.000, Undoubtedly there would be some salvage to be applied to the 
reduction of its liability still further It had, after settling for the reinsurance of 
its outstanding policies, a balance, in round numbers, of $500,000 with which to 
settle its San Francisco losses. We see no reason, therefore, why any creditor 
with a total loss should settle for 40 per cent, of the face of his policy. 
The Massachusetts law does not provide for a stockholders' liability. 
Should there be any further questions that you care to ask regarding the com- 
pany, or if we can be of assistance, let us hear from you. 

Respectfully yours, 

Fred'k L. Cutting, 

Insurance Commissioner. 

Conclusion. 

It seems to your examiner that the conclusion to be drawn from the 
information and data herewith submitted may fairly and properly be 
summarized as follows : — 

1. That the company is insolvent. 

2. That its representations to the Insurance Commissioner of Massachu- 
setts, and his subordinates, have not been in accordance with the facts. 

3. (a) That the accredited representatives of the company in California 
have made material misrepresentations to the claimants in their efforts to 
settle the company's losses in San Francisco. 

(b) That these misrepresentations, so far as they relate to the assets of 
the company, were in accordance with instructions from the secretary, as 



INSURANCE COMMISSIONER. XXXIX 

shown by his letter of May 25, an abstract of which will be shown on page 
13 of Exhibit A. 

(c) That certain misrepresentations were known to the company which 
acquiesced in acts of its representatives. 

4. (a) That the company has made extravagant disbursements to its 
representatives in San Francisco. 

(&) That it has depleted its funds by settling its claims against solvent 
companies, in which the business of the American was reinsured, at less 
than the American's probable liability on account of its San Francisco 
losses. 

5. That the interests of the creditors of this corporation would be best 
served by the appointment of a receiver to take charge of, and distribute, 
its assets to those entitled thereto, under the direction of the court. 

Respectfully submitted, 

C. W. Fletcher, Examiner. 
Boston, Nov. 13, 1906. 



Department Finances. 
The insurance department collected during the eleven months of 
1906 ending November 30, $84,024.01 from fees which the commis- 
sioner is required by law to charge for valuations, licenses, certifi- 
cates and the like. Its expenditures during that period amounted 
to $49,717.68, of which $4,732.56 went for printing the annual 
reports of the department. The net surplus accruing to the Com- 
monwealth during said period of eleven months was $34,306.33. 
The chief sources of these receipts were the following ♦: from brokers' 
licenses, $18,000 ; agents' licenses, $39,898 ; filing annual state- 
ments, $6,368; valuation of policies, $18,411.26. 

Respectfully submitted, 




Insurance Commissioner. 



xl REPOKT OF THE 



EEPOETS OF EECEIVEES OF INSOLVENT FIEE COMPANIES. 



Atlas Mutual Insurance Company. — Franklin T. Hammond, 50 
State Street, Boston, receiver; appointed May 11, 1904. 

Balance on hand June 7, according to last report, . . $19,448 29 
Amount of receipts from June 7, 1906, to July 1, 1907, in- 
clusive, 18 ; 447 56 



Total, $37,895 85 

Amounts paid out from June 7, 1906, to July 1, 1907, inclu- 
sive, 16,839 19 



Balance on hand July 1, 1907, $21,056 66 

In September, 1906, the receiver paid a dividend of 10 per cent, 
on admitted claims, which made the total amount paid on each claim 
95 per cent, of the amount allowed. The total payments made on 
account of this dividend were $5,485.4(3. It is the intention of the 
receiver to pay during the current month (July) the balance of the 
loss claims, thus making 100 per cent, paid on these claims. 

Firemen's Fire Insurance Company . — International Trust Com- 
pany, Boston, receiver; appointed July 6, 1900. The receiver 
reports that he has on hand for distribution at the proper time $400,- 
000, the amount of the capital stock of the liquidating company. 

Melrose Mutual Fire Insurance Company. — Alpheus Sanford, 
Mason building, Boston, receiver; appointed Nov. 26, 1895. A 
final dividend of 20 per cent, has been paid to all parties entitled 
thereto but one. The delay was caused in this case, says the re- 
ceiver, because of the inability to find the party, and then later, on 
account of the fact that the party had died. Arrangements are 
being perfected, through an attorney in Rhode Island, through 
whom the receiver expects to receive proper releases on the last 
claim to be paid. 



INSURANCE COMMISSIONER. 



xli 



Comparative Table A. 



Massachusetts Mutual Fire Insurance Com- 
panies. 





1905.* 


1906.f 


Increase or 
Decrease in 1906 . 


Assets (including contingent), 


$49,986,165 


$52,377,191 


$2,391,026 


Liabilities, . . 


6,784,780 


6,917,886 


133,106 


Cash surplus, . 






6,967,718 


7,303,374 


335,656 


Income, . 








8,364,652 


8,808,523 


443,871 


Disbursements, 








7,893,527 


8,092,917 


199,390 


Premiums, 








7,763,997 


8,175,982 


411,985 


Losses paid, 








1,188,086 


1,107,338, 


—80,748 


Losses incurred, 








1,205,412 


1,128,545 


—76,867 


Risks outstanding, 








1,185,669,693 


1,239,821,981 


54,152,288 


Expenses, 








1,053,599 


1,087,436 


33,837 


Profits returned, 








5,532,636 


5,802,761 


270,125 



* Forty-two companies. 



Forty-one companies. 



Comparative Table B. — Massachusetts Mutual Fire-Marine Insurance 

Companies. 





1905.* 


1906.* 


Increase or 
Decrease In 1906. 


Assets, 


$539,649 


$563,957 


$24,308 


Liabilities, 






275,667 


331,140 


55,473 


Surplus, . 








263,982 


232,817 


—31,165 


Income, . 








490,689 


513,433 


22,744 


Disbursements, 








491,122 


476,696 


—14,426 


Premiums, 








412,696 


449,369 


36,673 


Losses paid, 








303,600 


305,322 


1,722 


Losses incurred, 








280,147 


394,569 


114,422 


Risks outstanding, 








21,303,562 


23,895,396 


2,591,834 


Expenses, 








99,392 


106,748 


7,356 



Two companies. 



xlii 



KEPORT OF THE 



Comparative Table C. — Massachusetts Joint-Stock Insurance Companies, 





1905.* 


1906-t 


Increase or 
Decrease in 1906. 


Cash capital, . 








|3,700,0C0 


$3,900,000 


|200,000 


Assets, 








13,134,793 


13,178,487 


43,694 


Liabilities, 








5,1G0,932 


5,830,183 


729,251 


Surplus, . 








8,033,861 


7,348,304 


—685,557 


Income, . 








7,276,237 


9,476,928 


2,200,691 


Disbursements, 








5,942,416 


9,429,161 


3,486,745 


Fire premiums, 








5,465,186 


6,434,608 


969,422 


Marine premiums, 








1,125,476 


1,357,505 


232,029 


Fire losses paid, 








2,464,417 


4,602,874 


2,138,457 


Marine losses paid, 








579,868 


653,234 


73,366 


Fire losses incurred, 






2,483,726 


4,869,952 


2,386,226f 


Marine losses incurred, 






600,494 


709,753 


109,259 


Fire risks outstanding, 






689,972,436 


699,025,796 


9,053,360 


Marine risks outstanding, 




21,504,380 


28,211,323 


6,706,943 


Expenses, 




2,386,857 


2,613,349 


226,492 


Cash dividends declared, 




373,000 


348,000 


— 25,000 



* Four companies. 



t Five companies. 



t See footnote on page 497. 



INSURANCE COMMISSIONER. 



xliii 



Comparative Table D. — Fire and Marine Companies of Other States. 





1905.* 


1906, t 


Increase or 
Decrease in 1906. 


Cash capital, .... 




151,202,875 


$58,300,004 


$7,097,129 


Assets, 








330,234,358 


318,240,702 


— 11,993,656 


Liabilities, 








163,626,691 


179,512,485 


15,885,794 


Surplus, . 




■ 




166,607,667 


138,728.217 


—27,879,450 


Income, . 








176,047,013 


224,358,428 


f 48,311,415 


Disbursements, 








146,734,003 


227,959,019 


81,225,016 


Fire premiums, 








151,942,508 


163,335,288 


11,392,780 


Marine premiums, 








8,722,950 


9,569,862 


846,912 


Fire losses paid, 








68,570,924 


135,599,065 


67,028,141 


Marine losses paid, 








4,891,736 


5,175,258 


283,522 


Fire losses incurred, 






68,094,430 


80,155,485 


12,061,055 


Marine losses incurred, . 






5,087,293 


2,842,368 


—2,244,925 


Fire risks outstanding, . 






21,684,520,538 


22,738,263,613 


1,053,743,075 


Marine risks outstanding, 






319,209,570 


415,256,904 


96,047,334 


Expenses, 






56,589,627 


60,060.,340 


3,470,713 


Cash dividends declared, 






6,932,357 


3,201,200 


—3,731157 



* One hundred and twenty-two companies. t One hundred and twenty-nine companies. 



xliv 



REPORT OF THE 



Comparative Table E. — United States Branches of Foreign Companies. 





1905.* 


1906.* 


Increase or 
Decrease in 1906. 


Deposit capital, .... 


18,000,000 


$8,100,000 


$100,000 


Assets in United States, . 


87,957 556 


96,400,015 


8,442,459 


Liabilities in United States, 


55,193,056 


71,584,245 


16,391,189 


Surplus, 


32,764,500 


24,815,770 


-7,948,730 


Income, 


68,413,968 


138,276,908 


69,862,940 


Disbursements, .... 


64,773,985 


128,386,275 


63,612,290 


Fire premiums, . 


58,070,027 


70,456,405 


12,386,378 


Marine premiums, .... 


4,102,899 


4,484,906 


382,007 


Fire losses paid, .... 


29,866,292 


89,760,168 


59,893,876 


Marine losses paid, .... 


2,382,299 


2,192,260 


—190,039 


Fire losses incurred, 


29,102,512 


94,988,170 


65,885,658 


Marine losses incurred, . 


2,618,783 


2,136,850 


-481,933 


Fire risks outstanding, 


8,076,186,471 


9,460,154,336 


1,383,967,865 


Marine risks outstanding, 


103,291,235 


95,746,557 


—7,544,678 


Expenses, 


21,750,092 


25,129,513 


3,379,421 



Thirty-seven companies. 



INSURANCE COMMISSIONER. 



xlv 



Aggregates of All the Companies. 





1905. 


1906. 


Increase or 
Decrease in 1908. 


Cash capital, 


$62,902,875 


S70,300,004 


$7,397,129 


Assets (including; contingent of 


481,852,521 


480,760,352 


—1,092,169 


mutual companies). 
Liabilities, ..... 


230,981,126 


264,175,939 


33,194,813 


Surplus, 


214,657,934 


178,462,378 


— 36,195,556 


Income, 


260,592,559 


381,434,220 


120,841,661 


Disbursements, .... 


225,835,053 


374,344,068 


148,509,015 


Fire premiums, .... 


223,373,832 


248,548,787 


25,174,955 


Marine premiums, .... 


14,231,907 


15,715,138 


1,483 231 


Fire losses paid, .... 


102,154,373 


231,139,325 


128,984,952 


Marine losses paid, .... 


8,092,849 


8,256,194 


163,345 


Fire losses incurred, 


100,958,574 


181,223,485 


80,286,911 


Marine losses incurred, . 


8,516,223 


6,002,207 


-2,514,016 


Fire risks outstanding, . 


31,649,118,151 


34,151,556,719 


2,502,438,568 


Marine risks outstanding, 

© 7 


452,539,734 


548,819,187 


96,279,453 


Expenses, ..... 

• 


81,879,567 


88,997,386 


7,117,819 


Cash dividends declared, 


7,305,357 


3,549,200 


—3,756,157 



xlvi 



REPORT OF THE 



Table I. — Massachusetts Mutual Fire Insurance Companies. 



NAME OF COMPANY. 


Contingent 
Assets. 


Admitted 
Assets.* 


Liabilities, f 


Surplus or 

Deficiency 

in 1906. 


Surplus or 

Deficiency 

in 1905. 


Abington, 


$117,615 


$128,634 


$63,786 


$64,848 


$70,228 


Annisquam, 


4,415 


10,090 


91 


-X 


-X 


Attleborough, 


75,192 


42,796 


21,576 


21,220 


21,499 


Barnstable County, .... 


131,591 


123,208 


69,651 


53,557 


48,663 


Berkshire 


181,595 


169,667 


94,700 


74,967 


77,321 


Bristol County, 


93,223 


2,935 


_ 


-§ 


-§ 


Cambridge, 


289,514 


170,355 


135,454 


34,901 


34,026 


Citizens', 


402,626 


343,283 


189,937 


153,346 


142,930 


Dedham, 


119,547 


177,019 


62,773 


114,246 


109,563 


Dorchester 


672,890 


467,973 


353,914 


114,059 


118,967 


Fitchburg, 


298,045 


220,395 


172,294 


48,101 


41,047 


Groveland, 


142,189 


102 


185 


-X 


-X 


Hampshire, 


59,677 


62,963 


31,383 


31,580 


31,590 


Hingham 


425,107 


346,533 


210,934 


135,599 


137,750 


Holyoke 


618,695 


1,008,714 


326,217 


682,49711 


678,284|| 


Lowell, 


168,675 


219,134 


85,493 


133,641 


125,893 


Lumber, 


666,096 


298,518 


120,214 


178,304 


138,405 


Lynn, 


60,725 


69,339 


15,882 


53,457 


51,141 


Merchants' and Farmers', 


305,054 


274,169 


161,601 


112,568 


118,431 


Merrimack, 


392,188 


244,820 


191,845 


52,975 


43,918 


Middlesex, 


674,406 


709,089 


345,035 


364,054 


359,687 


Mutual Fire Assurance, . 


104,372 


243,218 


52,468 


190,750 


185,254 


Mutual Protection 


120,053 


133,368 


61,467 


71,901 


79,328 


Newburvport 


47,871 


43,167 


6,368 


36,799 


36,101 


Norfolk,' 


360,092 


673,029 


184,826 


488,203 


479,146 


Quincy 


497,821 


760,595 


255,230 


505,365 


471,815 


Salem, 


109,043 


96,256 


56,373 


39,883 


36,098 


Salisbury and Amesbury, 


264,940 


4,975 


2,521 


- 


- 


Saugus, " 


322,062 


4,256 


- 


- 


- 


South Danvers 


78,178 


31,812 


15,615 


16,197 


18,942 


Traders' and Mechanics', 


675,643 


707,139 


348,650 


358,489 


366,150 


West Newbury 


101,081 


149 


2,762 


- 


- 


Worcester Mutual, .... 


583,787 


836,355 


293,879 


542,476 


530,180 


Totals 


$9,164,008 


$8,624,055 


$3,933,124 


$4,673,983 


$4,552,357 



Manufacturers' Mutuals . 



Arkwright, ...... 

Boston Manufacturers', . 

Cotton and Woolen, .... 

Fall River Manufacturers', 
Industrial, 

Paper Mill 

Rubber Manufacturers', . 
Worcester Manufacturers', 


$7,142,532 
8,844,656 
2,557,173 
2,736,439 
1,644,710 

732,672 
2,319,171 
2,997,622 


$1,442,945 

1,730,314 

387,003 

585,761 

273,977 

152,736 
396,561 
644,856 


$722,629 
893,167 
279.2S0 
276,778 
179,754 

74,016 
255,372 
303,766 


$720,316 

837,147 

107,723 

308,983 

94,223 

78,720 
141,189 
341,090 


$686,104 

757,665 

123,121 

295,478 

72,065 

74,247 
157,011 
337.8S5 


Totals, 

Grand totals, .... 


$28,974,975 
$3S,138,983 


$5,614,153 

$14,238,208 


$2,9S4,762 
$6,917,886 


$2,629,391 
$7,303,374 


$2,503,576 
$7,055,933 



* Not including contingent assets. t Including unearned premiums. 

X This company relies upon assessments on deposit notes to pay losses and expenses. 
§ This company takes deposit notes from its members and makes an assessment when the 



note is issued for paying current expenses. 



Including guaranty capital, $100,000. 



INSURANCE COMMISSIONER. 



xlvii 



Table II. — Massachusetts Mutual Fire Insurance Companies. 



NAME OF COMPANY. 



Net Amount 

at Risk 
Dec. 31, 1906. 



Income. 



Disburse- 
ments. 



Abington, .... 
Annisquam, 
Attleborough, . 
Barnstable County, . 
Berkshire, 

Bristol County, 
Cambridge, 
Citizens', . 

Dedham 

Dorchester, 

Fitchburg, 
Groveland, 
Hampshire, 

Hingham 

Hoi yoke, . 

Lowell 

Lumber, .... 
Lynn, .... 
Merchants' and Farmers', 
Merrimack, 

Middlesex, 

Mutual Fire Assurance, . 
Mutual Protection, . 
Newburyport, . 
Norfolk, .... 

Quincy, . 
Salem, . 
Salisbury and Amesbury, 

Saugus 

South Danvers, 

Traders' and Mechanics', 
West Newbury, 
Worcester Mutual, . 

Totals, 



$7,296,045 

288,480 

4,142,764 

7,585,355 

11,522,973 

1,404,005 
17,375,211 
27,997,313 

7,781,049 
40,082,244 

20,741,230 

1,747,388 

3,883,586 

28,007,079 

40,959,713 

10,367,904 

8,658,807 

2,253,462 

20,455,340 

27,103,127 

44,668,293 

6,276,075 

6,490,148 

789,110 

25,198,585 

33,441,029 
6,151,180 
2,841,001 
2,517,295 
1,232,100 

43,616,438 

1,434,095 

42,509,872 



$46,135 

842 

13,546 

45,789 

63,747 

1,763 
93,916 

103,748 
44,507 

217,296 

130,009 

900 

20,836 

123,638 

238,676 

70,961 
239,449 

10,063 
109,344 
124,960 

214,635 
38,018 
52,734 

6,450 
105,875 

194,263 
47,371 

9,838 
3,508 
8,522 

228,764 

1,937 

177,275 



$36,939 

7H4 

15,230 

40,105 

60,623 

1,264 

104,063 

91,176 

38,692 

226,767 

122,076 

1,646 

18,111 

117,418 

191,624 

62,722 

181,024 

8,595 

109,917 

123,934 

183,152 

26,447 

50,316 

4,170 

100,993 

160,907 

46,512 

10,922 

3,125 

7,408 

212,264 

1,89S 

154,584 



$506,818,296 



$2,789,315 



$2,515,328 



Manufacturer^ Mutuals. 



Arkwright, 

Boston Manufacturers', . 

Cotton and Woolen, 

Fall River Manufacturers', 

Industrial, 

Paper Mill, 

Rubber Manufacturers', . 

Worcester Manufacturers', 

Totals, 

Grand totals, 



$189,369,734 

233,734,710 

54,405,682 

70,022,071 

36,522,504 

18,879,485 
51,755,624 
78,313,875 



£733,003,685 
,239,821,981 



$1,483,525 

1,849,397 
508,037 
573,406 
340,671 

152,208 
474,755 

637,209 



$6,019,208 
$8,80S,523 



$1,385,350 

1,6S4,808 

483,110 

536,980 

291,810 

140,560 
450,059 
604,912 



$5,577,589 
$8,092,917 



xlviii 



REPORT OF THE 



Table III. — Massachusetts Mutual Fire Insurance Companies. 


NAME OF COMPANY. 


Com- 
menced 
Business. 


Net 
Premiums. 


Net Losses 
Paid. 


Expenses. 


Abington, 

Annisquam, 

Attleborough, 

Barnstable County 

Berkshire 


1857 
1847 
1845 
1833 
1835 


$41,049 

11,674 
41,180 
57,255 


$13,537 

174 

8,792 

10,691 

23,508 


$11,447 
403 

3,893 

7,488 

17,379 


Bristol County, 

Cambridge, 

Citizens' 

Dedham, 

Dorchester, 


1829 
1834 
1846 
1837 
1855 


1,698 

80,333 

87,181 

36,014 

200,084 


256 

38,682 

18,520 

8,929 

93,725 


1,00S 
27,167 
28,441 
11,586 
51,660 


Fitchburg, 

Groveland 

Hampshire 

Hingham 

Holyoke, 


1847 
1828 
1832 
1826 
1843 


111,946 

18,360 
108,961 
184,827 


41,041 

359 

6,315 

32,956 

45,724 


37,296 

1,288 

4,927 

28,506 

60,672 


Lowell, 

Lumber, 

Lynn, 

Merchants' and Farmers', 
Merrimack, 


1832 

1895 

1828 
1847 

1828 


58,816 

- 228,450 

6,820 

94,551 

113,647 


17,958 
67,646 
719 
38,451 
48,026 


23,597 

43,109 

3,658 

29,355 

33,282 


Middlesex, 

Mutual Fire Assurance, 

Mutual Protection, .... 

Newburyport, 

Norfolk 


1826 
1827 
1864 
1829 
1825 


182,009 

21,176 

46,007 

3,128 

77,146 


46,772 

1,521 

14,557 

57 
16,584 


56,681 

5,948 

21,105 

997 

21,468 


Quincy, 

Salem, 

Salisbury and Amesbury, 

Saugus 

South Danvers, 


1851 

1838 
1855 
1852 
1829 


154,782 

42,584 

9,686 

5,341 


47,238 

16,461 

7,716 

1,256 

847 


50,886 

13,888 

2,717 

1,838 

1,447 


Traders' and Mechanics', 

West Newbury, 

Worcester Mutual, .... 


1848 
1828 
1824 


196,694 
137,722 


76,392 

906 

31,046 


60,223 

692 

44,131 




$2,359,121 


$777,362 


$708,183 



Manufacturers' Mutuals. 



Arkwright, 

Boston Manufacturers', 

Cotton and Woolen, 

Fall River Manufacturers', 

Industrial, . . . 

Paper Mill, 

Rubber Manufacturers', 

Worcester Manufacturers', 



Totals, 
Grand totals, 



1860 
1850 
1875 
1870 
1890 

1887 
1885 
1855 



$1,439,926 

1,787,147 

494,063 

551,576 

331,327 

147,456 
460,083 
605,283 



$5,816,861 

$8,175,982 



$74,241 
84,609 
37,935 
31,964 
25,869 

4,914 
37,430 
33,014 



$329,976 
.1,107,338 



$79,794 

102,422 

47,903 

27,957 

30,379 

10,797 
45,732 
34,269 



$379,253 
$1,087,436 



INSURANCE COMMISSIONER. 



xlix 



Table IV. — Massachusetts Mutual Fire-Marine Insurance Companies. 



NAME OF COMPANY. 


Com- 
menced 
Business. 


Guaranty 
Fund. 


Scrip 
Out- 
standing. 


Admitted 
Assets. 


Liabili- 
ties.* 


Deficiency 
in 1906. 


Deficiency 
in 1905. 


China, .... 
India, t .... 


1853 

1867 


$150,000 


$506,090 
150,471 


$235,903 
328,054 


$211,002 
120,138 


$481,189 
92,555 


$455,701 

88,878 


Totals, 


$150,000 


$656,561 $563,957 


$331,140 1 $573,744 


$544,579 





* Including unearned premiums, but not including cash or stock-note guaranty fund or out- 
standing scrip. 
f Company commenced to do fire business in 1894. 

Table V. — Massachusetts Mutual Fire-Marine Insurance Companies. 



NAME OF COMPANY. 


Income. 


Disburse- 
ments. 


Net 
Premiums. 


Net Losses 
Paid. 


Expenses. 


China, 


$359,442 
153,991 


$348,869 
127,827 


$302,865 
146,504 


$235,442 

69,880 


$55,793 
50,955 


Totals, 


$513,433 


$476,696 


$449,369 


$305,322 


$106,748 



Table VI. — Massachusetts Joint-Stock Insurance Companies. 



NAME OF COMPANY. 


Cash 
Capital. 


Admitted 
Assets. 


Liabilities. 


Surplus to 

Policy 

Holders 

Dec. 31, 

1906. 


Expenses.* 


American 

Mercantile Fire and Marine, 

Old Colony 

Springfield Fire-Marine, 


$300,000 

1,000,000 

200,000 

400,000 

"2,000,000 


$270,750 

5,025,714 

303,968 

666,436 

6,911,619 


$245,316 

1,621,865 

121,182 

71,726 
3,770,094 


$25,434 

3,403,849 

182,786 

594,710 

3,141,525 


$140,555 

666,809 

133,238 

41,185 

1,631,562 


Totals, ...... 


$3,900,000 


$13,178,487 


$5,830,183 


$7,348,304 


$2,613,349 



* Excluding losses, dividends, return premiums and drawbacks and taxes on real estate. 

Table VII. — Massachusetts Joint-Stock Insurance Companies. 

Fire Business. 



NAME OF COMPANY. 



American . 

Boston 

Mercantile Fire and Marine, 
Old Colony, . 
Springfield Fire-Marine, 

Totals, . . 



Income. 



$525,229 

2,423,085 

989,553 

316,515 

5,222,546 



$9,476,928 



Disburse- 
ments. 



$1,008,611 

1,807,299 

1,362,043 

47,757 

5,203,451 



),429,161 



Net Amount 

at Risk 

Dec. 31, 

1906. 



$100,458 
138,576,477 

10,335,121 
550,013,740 



$699,025,796 



Net 
Premiums. 



$288,461* 
870,361 
592,722* 
108,810 

4,574,254 



$6,434,608 



Net 
Losses 
Paid. 



$378,177 

366,253 

502,742 

6,571 

3,349,131 



$4,602,874 



* Gross premiums. 

Marine Business. 



American, 


- 


- 


$28,211,323 


$841 
1,356,664 


$653,234 


Totals, 


- 


- $28,211,323 


$1,357,505 


$653,234 



REPORT OF THE 



Table VIII. — Insurance Companies of Other Statet 











Surplus to 




NAME OF COMPANY. 


Cash 
Capital. 


Admitted 
Assets. 


Liabilities. 


Policy 
Holders 
Dec. 31, 

1906. 


Expenses. 


Adirondack 


$•200,000 


$371,541 


$70,564 


$300,977 


$34,751 


.zEtna, 


4,000,000 


15,434,918 


7,223,343 


8,211,575 


2,262,308 


Agricultural, 


500,000 


, 2,498,755 


1,606,882 


891,873 


591,260 


Albany 


250,000 


753,511 


234,144 


519,367 


105,753 


Alliance, 


500,000 


1,057,848 


434,096 


623,752 


193,233 


American, 


600,000 


5,815,997 


3,762,831 


2,053,166 


1,043,805 


American Central, . 


2,000,000 


5,063,589 


2,103,392 


2,960,197 


878,289 


American Lloyds, .... 


- 


881,926 


271,033 


610,893 


102,805 


American Mutual Fire, 


- 


380,863 


160,956 


219,907 


16,238 


Assurance Company of America, . 


200,000 


830,645 


536,363 


294,282 


180,727 


Atlantic Mutual, . 


- 


15,053,685 


11,150,439 


3,903,246 


553,112 


Ben Franklin, 


200,000 


683,258 


341,311 


341,947 


143,944 


Blackstone Mutual Fire, . 


- 


903,120 


362,183 


540,937 


40,099 


British American, . 


200,000 


480,413 


263,992 


216,421 


127,400 


Buffalo Commercial 


200,000 


610,113 


291,032 


319,081 


126,963 


Buffalo German 


200,000 


2,261,797 


631,124 


1,630,673 


273,927 


Caledonian American, 


200,000 


246,934 


36,141 


210,793 


4,579 


Calumet, ...... 


200,000 


386,899 


173,418 


213,481 


113,139 


Camden Fire 


400,000 


1,547,216 


963,881 


583,335 


362,307 


Capital Fire, 


200,000 


678,256 


367,820 


310,436 


143,947 


Central Manufacturers' Mutual, 


- 


308,262 


183,289 


124,973 


77,435 


Citizens', 


200,000 


699,747 


399,639 


300,108 


179,642 


City of New York 


200,000 


696,095 


244,397 


451,698 


132,838 


Colonial Assurance, . 


200,000 


766,375 


519,803 


246,572 


247,836 


Columbia, 


400,000 


586,435 


137,608 


448,827 


131,109 


Commerce, 


200,000 


572,661 


199,706 


372,955 


97,140 


Commercial Union Fire, . 


200,000 


574,592 


300,290 


274,302 


81,762 


Commonwealth, . 


500,000 


1,607,469 


540,672 


1,066,797 


133,917 


Concordia Fire 


300,000 


1,201,466 


S09,124 


392,342 


375,869 


Connecticut Fire 


1,000,000 


5,283,051 


3,545,348 


1,737,703 


1,353,334 


Continental 


1,000,000 


17,590,036 


7,439,992 


10,150,044 


2,390,482 


Cosmopolitan Fire, . 


300,000 


726,978 


318,950 


408,027 


204,384 


County Fire, 


400,000 


1,078,402 


474,911 


603,491 


141,593 


Delaware (Philadelphia), 


400,000 


1,856,025 


1,330,090 


525,935 


423,815 


Delaware Fire (Dover), . 


200,000 


373,816 


161,157 


212,659 


126,754 


Detroit Fire and Marine, . 


500,000 


1,789,598 


506,379 


1,283,219 


203,131 


Dixie Fire, 


500,000 


848,003 


111,833 


736,170 


68,332 


Dutchess Fire, 


200,000 


506,096 


264,584 


241,512 


39,016 


Eagle Fire, 


300,000 


1,362,007 


598,199 


763,808 


249,876 


Eastern, \ . 


200,000 


481,084 


230,420 


250,664 


105,835 


Empire City Fire, . . . 


200,000 


518,356 


245,055 


273,301 


133,645 


Enterprise Mutual Fire, . 


- 


364,024 


161,080 


202,944 


16,268 


Equitable Fire and Marine, 


400,000 


1,132,978 


698,061 


434,917 


305.64S 


Farmers' Fire, 


- 


1,050,873 


562,987 


487,886 


222,186 


Federal 


1,000,000 


2,523,370 


1,315,146 


1,208,224 


462,371 


Fidelity Fire, 


1,000,000 


2,717,249 


316,194 


2,401,055 


162,600 


Fire Association, . . . . 


750,000 


7,16S,329 


5,098,088 


2*070,242 


1,497,600 


Fireman's Fund Ins. Company, 


1,000,000 


2,942,757 


1,512,769 


1,429.988 


576,662 


Firemen's Fund Ins. Corporation, . 


800,000 


4,176,825 


2,995,408 


1,181,417 


689,114 


Firemen's (Newark), 


1,000,000 


4,484,591 


1,576,634 


2,907,957 


589,338 


Firemen's Mutual (Providence), 


- 


1,393,321 


493,851 


899,470 


49,092 


Franklin (Wheeling), 
Franklin Fire (Philadelphia), . 


200,000 


357,540 


97,952 


259,588 


41,451 


400,000 


2,479,133 


1,782,234 


696,899 


383,892 


Georgia Home, 


300,000 


1,088,273 


549,370 


538,903 


254,950 


German Alliance 


400,000 


1,300,839 


490,771 


S10,06S 


171,591 


German American, .... 


1,500,000 


14,117,763 


7,179,887 


6,937,876 


2,202,057 


German American Fire, . 


200,000 


504,048 


183,984 


320,064 


66,413 


German Fire (Peoria), 


200,000 


811,853 


569,409 


242,444 


215,924 


German Fire (Pittsburg), 


200,000 


869,668 


549,490 


320,178 


273,838 


Germania Fire, . . . 


1,000,000 


5,125,212 


3,085,499 


2,039,713 


1,140,023 


Girard Fire and Marine, . 


500,000 


2,335,355 


1,384,191 


951,164 


313,584 


Glens Falls 


200,000 


3,904,846 


1,868,473 


2,036,373 


673,241 


Granite State Fire, . . . . 


200,000 


877,922 


420,732 


457,190 


178,468 


Hamilton Fire 


200,004 


329,856 


99,162 


230,694 


64,263 


Hanover Fire, 


1,000,000 


4,152,430 


2,315,770 


1,836,660 


932,116 



INSURANCE COMMISSIONER. 



H 



Table VIII. — Insurance Companies of Other States — Concluded. 



NAME OF COMPANY. 



Cash 
Capital. 



Admitted 
Assets. 



Liabilities. 



Surplus to 

Policy 

Holders 

Dec. 31, 

1906. 



Expenses. 



Hartford Fire, . 

Home, 

Hope Mutual Fire, 

Indemnity Fire, 

Indianapolis Fire, 

Insurance Co. of North America, 
Insurance Co. State of Pennsylvania 
Jefferson Fire, . . . 
Lumber, .... 
Lumbermen's Mutual, 

Manufacturers' Mutual Fire, 

Mechanics', 

Mechanics' Mutual Fire, . 

Mechanics' and Traders', . 

Mercantile Mutual Fire, . 

Merchants' Mutual, . 
Michigan Commercial, 
Middlesex Mutual Assurance, 
Milwaukee Fire, 
Milwaukee Mechanics', 

Nassau Fire, 
National Fire, 
National Lumber, 
National Union Fire, 
Newark Fire, 

New Brunswick Fire, 

New Hampshire Fire, 

New Jersey Fire, 

Niagara Fire, 

North British and Mercantile, 

Northern, .... 
North River, 
Northwestern National, 
Orient, .... 
Pawtucket Mutual Fire, . 

Pelican Assurance, . 
Pennsylvania Fire, . 
Phenix, .... 
Philadelphia Mfrs.' Mutual Fire, 
Phoenix 

Providence Mutual Fire, . 
Providence Washington, . 
Queen, .... 
Reliance, .... 
Rhode Island Mutual Fire, 

Rochester German, . 
Security, .... 
Shawnee, .... 

Southern 

Spring Garden, . 

State Mutual Fire, 
St. Paul Fire and Marine, 
Teutonia, .... 
Union, .... 
Union Fire, 

Union Mutual Fire, . 
United Firemen's, 
United States Lloyds, 
Virginia Fire and Marine, 
Westchester Fire, 

Western, .... 
Western Reserve, 
What Cheer Mutual Fire, . 
Williamsburg City Fire, . 

Totals, .... 



$2,000,000 
3,000,000 

200,000 
200,000 

3,000,000 
200,000 
200,000 
200,000 



250,000 
300,000 

300,000 

200,000 
500,000 

200,000 
1,000,000 
200,000 
750,000 
250,000 

200,000 
1,000,000 
200,000 
750,000 
200,000 

350,000 

350,000 

1,000,000 

500,000 

200,000 

750,000 

1,500,000 

2,000,000 

500,000 

1,000,000 

300,000 

500,000 
500,000 
200,000 
200,000 
400,000 

500,000 
250,000 
200,000 
200,000 

400,000 

250,000 
300,000 

300,000 
200,000 

250,000 



$5S,300,004 



£17,477,522 

20,740,184 

373,123 

475,104 

532,447 

10,394,755 
869,635 
814,661 
351,425 
290,111 

809,646 
1,163,035 
510,607 
802,843 
242,175 

479,747 
816,820 
952,044 
690,485 
2,728,900 

917,859 
6,933,305 

295,800 
2,192,670 

908,805 

461,338 
4,419,964 

442,493 
4,397,836 

965,223 

861,506 
1,829,187 
4,330,536 
2,004,832 

442,033 

519,226 
6,290,997 
9,146,747 

388,553 
7,389,942 

649,058 
2,525,625 
6,430,574 
1,309,695 
1,049,694 

2,104,745 
1,972,195 

1,088,212 

622,298 

2,053,568 

1,333,825 

4,318,300 
828,664 
839,523 
425,158 

380,328 
1,915,150 
1,380,358 
1,217,819 
3,679,544 

765,808 

402,868 

390,065 

2,326,614 



$318,240,702 



$13,349,421 

10,442,961 

183,302 

258,414 

303,420 

6,753,582 
438,504 
407,585 
144,625 
114,825 

299,056 
673,376 
202,448 
302,378 
127,335 

184,421 
522,319 
202,557 
346,977 
1,761,608 

654.37S 

4,948,260 

77,771 

1,190,397 

292,241 

177,788 
2,054,165 

241,368 
2,693,075 

200,099 

406,271 
1,284,101 
2,225,741 
1,274,560 

190,675 

256,365 
4,214,750 
6,374,498 

172,797 

4,241,188 

176,809 

1,915,408 

3,662,481 

837,516 

395,402 

1,123,302 

1,116,258 

714,618 

324,464 

1,575,109 

593,909 
3,119,870 
490,605 
520,291 
122,726 

109,779 
1,453,645 
1,177,029 

587,363 
2,459,346 

379,736 

86,788 

196,967 

1,329,929 



$179,512,485 $138,728,217 



$4,128,101 
10,297,223 

189,821 
216,690 
229,027 

3,641,173 
431,131 

407,076 
206,800 
175,286 

510,590 
489,659 
308,159 
500,465 
114,840 

295,326 
294,501 

749,487 
343,508 
967,292 

263,481 
1,985,045 

218,029 
1,002,273 

616,564 

283,550 
2,365,799 

201,125 
1,704,761 

765,124 

455,235 
545,086 
2,104,795 
730,272 
251,358 

262,861 
2,076,247 
2,772,249 

215,756 
3,148,754 

472,249 
610,217 
2,768,093 
472,179 
654,292 

981,443 
855,937 
373,594 
297,834 
478,459 

739,916 
1,198,430 
338,060 
319,232 
302,432 

270,549 
461,505 
203,328 
630,456 
1,220,198 

386,072 
316,080 
193,098 
996,685 



$4,858,164 

3,241,669 

24,725 

86,801 

147,584 

2,535,925 

139,305 

217,650 

56,243 

176,723 

32,226 
154,539 

21,671 
145,756 

27,615 

20,145 
254,401 

50,359 
139,838 
611,681 

204,488 

1,827,597 

56,812 

592,690 

139,783 

116,551 
785,655 
163,666 
1,103,994 
152,026 

192,724 
616,034 
794,712 
424,892 
30,502 

101,759 

1,188,372 

2,354,205 

27,627 

1,720,241 

26,137 

765,072 

1,294,949 

304,455 

42,248 

484,515 
459,832 
252,299 
200,572 
502,630 

64,577 

1,249,159 

254,445 

271,105 

6S,327 

8,657 

251,126 

375,908 

199,883 

1,005,143 

159,588 
50,164 
26,990 

526,188 



560,060,340 



Hi 



REPORT OF THE 



Table IX. — Insurance Companies of Other States. 
Fire Business. 



NAME OF COMPANY. 


Income. 


Disburse- 
ments. 


Net Amount 

at Risk 
Dec. 31, 1906. 


Net 
Premiums. 


Net 
Losses 
Paid. 


Adirondack, .... 


$130,289 


$53,509 


$7,164,512 


$124,170 


$18,758 


iEtna 


9,381,434 


9,982,058 


831,889,756 


6,480,270 


5,661,843 


Agricultural, .... 


1,696,298 


2,127,544 


279,411,000 


1,493,872 


1,477,726 


Albany, ...... 


326,585 


241,890 


' 39,928,231 


288,379 


110,510 


Alliauce 


1,378,123 


1,519,335 


42,541,921 


513,575 


1,229,585 


American, 


2,910,198 


3,051,620 


517,633,227 


2,687,741 


1,889,249 


American Central, 


3,507,908 


3,591,565 


300,114,869 


2,378,320 


2,545,334 


American Lloyds, 


312,445 


184,059 


33,429,653 


282,533 


34,200 


American Mutual Fire, 


326,595 


280,704 


38,283,717 


312,120 


12,586 


Assurance Co. of America, 


487,957 


655,647 


53,599,816 


453,400 


474,106 


Atlantic Mutual 


3,610,891 


3,445,491 


_ 


- 


_ 


Ben Franklin 


403,557 


331,199 


46,341,725 


371,177 


155,016 


Blackstone M utual Fire, . 


740,118 


656,814 


88,432,643 


701,907 


32,460 


British American, 


406,324 


454,505 


29,296,624 


369,970 


316,412 


Buffalo Commercial, . 


363,647 


305,323 


41,915,501 


344,248 


162,298 


Buffalo German 


780,146 


881,653 


107,063,254 


677,385 


548,530 


Caledonian- American, 


22,649 


75,968 


1,756,497 


11,629 


71,388 


Calumet, 


495,422 


712,022 


8,861,712 


97,157 


590,247 


Camden 


1,133,718 


1,174,303 


120,286,926 


1,059,433 


765,919 


Capital Fire 


428,655 


340,754 


48,496,032 


399,255 


178,482 


Central Mfrs.' Mutual, 


354,114 


301,334 


18,914,011 


343,999 


159,893 


Citizens' 


530,768 


638,439 


50,941,163 


467,459 


458,795 


City of New York, . . 


346,778 


219,743 


35,527,882 


317,835 


86,906 


Colonial Assurance, . 


678,443 


588,603 


53,540,307 


655,060 


311,392 


Columbia 


279,392 


213,927 


- 


- 




Commerce, 


288,925 


227,857 


32,111,621 


252,471 


90,741 


Commercial Union Fire, 


307,847 


285,077 


33,163,121 


288,055 


186,838 


Commonwealth, .... 


555,237 


394,744 


50,911,617 


400,792 


167,975 


Concordia Fire 


935,727 


941,644 


121,900,461 


842,231 


555,269 


Connecticut Fire, 


4,422,015 


5,310,458 


490,126,738 


3,550,593 


3,833,528 


Continental, 


7,774,715 


7,265,S85 


1,192,927,952 


6,702,853 


4,358,136 


Cosmopolitan Fire, 


726,930 


285,612 


33,983,917 


569,202 


81,229 


County Fire 


396,787 


325,660 


47,513,785 


341,696 


142,128 


Delaware, 


1,344,928 


1,457,773 


144,790,502 


989,540 


994,079 


Delaware Fire 


327,224 


231,234 


21,797,614 


312,887 


99,479 


Detroit Fire and Marine, • . 


665,906 


522,102 


64,621,846 


515,203 


197,458 


Dixie, ...... 


428,669 


71,235 


11,286,884 


171,251 


2,903 


Dutchess, 


366,239 


62.S57 


43,475,370 


361,222 


23,841 


Eagle Fire 


679,856 


953,903 


49,481,508 


475,277 


698,226 


Eastern, . . . . 


260,204 


233,283 


19,435,640 


239,593 


109,448 


Empire City Fire, . . 


445,629 


361,091 


30,489,503 


431,739 


215,446 


Enterprise Mutual Fire, 


325,771 


279,761 


38,332,371 


312,089 


12,587 


Equitable Fire and Marine, 


884,047 


1,043,805 


95,224,592 


764,467 


653,412 


Farmers' Fire 


647,088 


519,950 


77,450,601 


609,tf09 


281,893 


Federal, 


1,506,941 


1,631,559 


46,191,743 


497,686 


716,833 


Fidelity Fire 


2,000,924 


186,189 


36,167,381 


445,556 


23,590 


Fire Association, 


6,138,434 


5,993,653 


570,030,676 


3,931,281 


3,595,206 


Fireman's Fund Ins. Co., . 


7,920,329 


11,069,342 


- 


1,104,124 


7,529,604 


Firemen's Fund Ins. Corp'n, 


5,070,360 


1,643,737 


380,846,055 


3,886,847 


640,524 


Firemen's 


1,878,207 


1,322,392 


241,985,386 


1,686,703 


531,792 


Firemen's Mutual, 


1,021,317 


960,222 


121,010,454 


964,403 


52,637 


Franklin 


136,246 


80,008 


13,104,480 


120,493 


38,557 


Franklin Fire, .... 


2,221,826 


2,995,407 


175,718,310 


925,327 


1,656,107 


Georgia Home, .... 


619,949 


537,530 


57,709,144 


568,127 


230,155 


German Alliance, 


651,642 


698,962 


72,866,436 


560,440 


479,371 


German- A merican, 


7,406,103 


7,523,444 


1,152,136,774 


6,397,153 


4,860,716 


German-American Fire, 


211,107 


145,789 


33,423,065 


160,861 


55,826 


German Fire (Peoria), 


712,837 


973,782 


66,805,851 


524,245 


737,228 


German Fire (Pittsburgh), 


648,471 


577,179 


86,419,521 


609,007 


272,188 


Germania Fire, .... 


3,097,051 


4,631,484 


586,581,258 


2,762,006 


3,269,948 



INSURANCE COMMISSIONER. 



liii 



Table IX. — Insurance Companies of Other States — Continued. 
Fire Business — Continued. 



NAME OF COMPANY. 



Income. 



Disburse- 
ments. 



Net Amount 

at Risk 
Dec. 31, 1906. 



Net 
Premiums. 



Net 
Losses 
Paid. 



Girard Fire and Marine, . 
Glens Falls, .... 
Granite State Fire, 
Hamilton, .... 
Hanover Fire, 

Hartford Fire, . 

Home, 

Hope Mutual Fire, 
Indemnity, .... 
Indianapolis, 

Insurance Co. of No. America, 
Ins. Co. of State Pennsylvania, 
Jefferson Fire, 
Lumber, .... 
Lumbermen's Mutual , 

Manufacturers' Mutual Fire, 
Mechanics', .... 
Mechanics' Mutual Fire, . 
Mechanics' and Traders', . 
Mercantile Mutual Fire, 

Merchants' Mutual, . 
Michigan Commercial, 
Middlesex Mutual Assurance, 
Milwaukee Fire, . . . 
Milwaukee Mechanics', 

Nassau Fire, 
National Fire, 
National Lumber, 
National Union Fire, . 
Newark 

New Brunswick Fire, . 
New Hampshire Fire, 
New Jersey Fire, 
Niagara, .... 
North British and Mercantile, 

Northern, .... 
North River, 
Northwestern National, 

Orient, 

Pawtucket Mutual Fire, 

Pelican Assurance, 
Pennsylvania Fire, 
Phenix, .... 
Philadelphia Mfrs.' Mutual, 
Phoenix, . < 

Providence Mutual Fire, . 
Providence Washington, . 

Queen, 

Reliance 

Rhode Island Mutual Fire, 



Rochester German, 
Security, 
Shawnee Fire, 
Southern, 
Spring Garden, . 

State Mutual Fire, 

St. Paul Fire and Marine, 

Teutonia, 

Union, .... 

Union Fire, . 



$1,245,589 

1,904,630 

529,552 

165,584 

2,912,752 

20,888,825 

10,888,128 

358,128 

293,220 

374,589 

8,077,440 
431,204 
641,179 
212,477 
225,016 

608,648 
433,773 
411,040 
464,978 
260,802 

379,259 
678,565 
160,563 
484,745 
1,833,726 

815,463 
6,446,434 

154,741 
2,383,943 

360,494 

298,973 
2,391,716 

503,403 
4,081,709 

312,178 

567,166 
1,670,589 
1,906,462 
1,641,369 

122,413 

692,758 

4,626,938 

10,721,072 

361,892 
5,574,996 

113.844 

2,412^21 

4,361,690 

800,381 

806,939 

1,839,476 

1,393,342 

832,942 

512,718 

1,519,058 

1,205,045 

3,874,842 

919,503 

682,073 

191,987 



$1,366,145 

2,465,452 

423,308 

146,762 

3,573,382 

20,617,071 

10,388,188 

334,063 

320,192 

404,119 

10,250,188 
329,766 
369,452 
162,452 
176,723 

539,207 
344,627 
356,026 
335,482 
238,796 

334,674 
389,379 
122,384 
485,734 
2,628,401 

700,574 

7,078,914 

99,684 

2,248,516 

296,192 

325,687 
2,198,103 

262,504 
4,576,637 

152,026 

445,380 
1,721,147 
2,033,303 

1,968,872 
108,228 

698.964 

5,501,447 

11,073,083 

320,193 

5,811,725 

84,403 

2,771,182 

4,714,601 

691,282 

721,196 

1,679,441 

1,430,520 

521, 70S 

348,758 

1,423,S75 

1,096,922 

3,997,385 

929,214 

536,611 

128,904 



$173,168,781 

289,924,038 

62,470,070 

9,681,379 

388,670,056 

1,626,417,188 

1,502,652,186 

38,521,395 

29,340,816 

35,449,313 

772,865,138 

40,525,047 

47,091,875 

13,509,463 

8,275,545 

72,981,236 
65,648,973 
49,032,787 
42,223,518 
24,897,681 

44,658,777 
61,479,258 
47,339,091 
49,122,418 
232,842,841 

64,913,503 

668,831,205 

5,620,655 

160,318,028 

46,883,923 

20,620,663 
289,054,270 

27,597,248 
437,148,176 

45,662,938 

65,323,129 
184,194,613 
415,333,072 
179,583,585 

25,737,221 

37,493,185 
553,144,839 
863,934,133 

37,312,686 
667,661,015 

30,455,989 
264,217,963 
491,003,309 
102,309,214 

96,409,211 

142,763,436 

170,706,117 

93,860,109 

32,947,053 

179,350,538 

144,144,693 

360,525,515 

57,035,003 

68,130,887 

18,542,198 



$702,451 

1,693,660 

498,655 

140,168 

2,402,154 

13,999,932 

9,472,312 

344,678 

258,239 

351,673 

5,645,408 
385,877 
528,268 
195,003 
217,117 

580,051 
359,231 
392,307 
430,981 
228,349 

357,973 
583,541 
119,655 
307,694 
1,396,494 

687,786 
4,991,039 

145,743 
1,232,336 

320,197 

283,947 

2,212,372 

451,319 

3,068,939 

227,678 

482,489 

1,579,527 

1,750,985 

1,214,287 

97,450 

323,203 
3,143,280 
6,166,958 

334,046 
4,477,938 

88,215 

1,856,939 

4,040,543 

740,981 

767,415 

1,126,603 

1,093,033 

690,998 

494,611 

1,428,773 

1,156,028 

3,190,793 

700,591 

644,395 

168,815 



$946,541 

1,607,561 

220,130 

78,644 

2,562,329 

13,460,525 

6,294,964 

27,588 

233,390 

242,165 

5,849,658 

153,388 

129,025 

75,959 

56,945 

27,356 
151,672 

16,985 
183,324 

25,833 

15,304 
133,996 

67,143 

321,743 

1,936,074 

475,831 

4,565,528 

42,872 

1,624,728 

123,481 

190,169 
1,278,171 

81,192 
3,363,419 

54,690 

232,867 

1,033,554 

1,129,096 

1,256,246 

42,946 

576,058 

4,165,708 

6,011,521 

23,150 

3,391,149 

32,341 

1,730,705 

3,275,813 

354,373 

40,907 

1,003,576 
858,796 
256,165 
126,745 
8S0,876 

57,847 

2,416,096 

649.233 

257^82 

48,308 



liv 



REPORT OF THE 



Table IX. — Insurance Companies of Other States — Concluded. 
Fire Business — Concluded . 



NAME OF COMPANY. 


Income. 


Disburse- 
ments. 


Net Amount 

at Risk 
Dec. 31, 1906. 


Net 
Premiums. 


Net 
Losses 
Paid. 


Union Mutual Fire, 
United Firemen's, 
United States Lloyds, 
Virginia Fire and Marine, . 
Westchester Fire, 

Western 

Western Reserve, 

What Cheer Mutual Fire, . 

Williamsburg City Fire, 


$59,653 
835,431 

1,245,373 
673,609 

2,955,977 

451,421 

143,270 

390,709 

1,579,661 


$43,064 
906,020 

1,047,564 
556,278 

3,096,269 

327,177 

108,895 

371,027 

1,930,772 


$19,286,603 
128,040,917 

59,501,527 
406,741,792 

51,358,434 

11,385,789 

42,073,262 

206,923,941 


$41,837 
590,020 

629,968 
2,775,095 

413,037 

128,323 

376,619 

1,272,143 


$5,850 
583,613 

326,410 
2,000,316 

149,588 

42,494 

32,350 

1,302,029 


Totals 


$224,358,428 


$227,959,019 


$22,738,263,613 


$163,335,288 


$135,599,065 



Marine Business. 



NAME OF COMPANY. 



Net Amount 

at Risk 
Dec. 31, 1906. 



Net 
Premiums. 



Net Losses 
Paid. 



^Etna, . 
Alliance, 
Atlantic Mutual, 

Citizens' (Mo.) , 
Columbia, . 



Detroit Fire and Marine, 
Equitable Fire and Marine, 

Federal 

Fireman's Fund Insurance Company, 
Firemen's Fund Insurance Corporation, 



Home, 

Insurance Company of North America, 
Jefferson Fire, 
Mechanics' and Traders', 
Northwestern National, 

Providence Washington, 

Security, 

Southern, 

St. Paul Fire and Marine, 

Teutonia, 



United States Lloyds, 
Totals, . 



$16,338,518 

1,983,582 

154,064,867 

4,356,146 

1,002,048 
233,206 

58,826,886 

26,067,478 

10,809,016 
74,257,598 



4,249,250 
212,070 

3,228,509 



59,627,730 



$416,925 
100,788 

2,910,462 

74 

209,942 

73,040 

21,202 

820,165 

255,198 

800,038 

240,365 

1,886,241 

4,248 

5,437 



317,354 

16,226 

2,055 

469,379 
22,689 

998,034 



$239,183 

70,271 

1,022,020 

82,818 

43,211 

9,235 

401,985 

284,508 
290,670 

154,358 
1,442,009 

4,101 
16,712 

222,537 
12,050 

492 

260,984 

4,708 

613,406 



$415,256,904 



$9,569,862 



$5,175,258 



INSURANCE COMMISSIONER. 



lv 



Table X. — United States Branches, Foreign Companies. 



[All companies in this list have a deposit capital of $200,000, except those doing a marine 
business, which have a deposit capital of $300,000, and are marked by an asterisk (*). Under 
section 94, chapter 118, Revised Laws, all general deposits in excess of what is sufficient to 
enable the company to comply with the law as regards capital are counted as surplus funds.] 



NAME OF COMPANY. 


Location. 


Net Amount 

at Risk 
Dec. 31, 1906. 


Admitted 
Assets. 


Liabilities. 


Surplus to 

Policy 

Holders 

Dec. 31, 

1906. 


Aachen and Munich Fire, 
Alliance Assurance, 
Atlas Assurance, . 
British America Assurance, . 
British and Foreign Marine,* 


Aix-la-Chapelle, 
London, 
London, 
Toronto, 
Liverpool, . 


$128,528,335 

48,188,112 

178,938,776 

153,602,404 

22,243,673 


$1,673,075 

860,793 

1,847,852 

1,476,281 

1,220,907 


$1,041,989 

1,300,987 

1,315,137 

1,133,344 

603,786 


$631,086 

-t 

532,715 

342,937 

617,121 


Caledonian, .... 
Cologne Reinsurance, . 
Commercial Union Assur.,* . 
Hamburg- Bremen Fire, 
Law Union and Crown, 


Edinburgh, 
Cologne, 
London, 
Hamburg, . 
London, 


200,187,398 
100,178,537 
714,709,969 
228,575,006 
43,950,870 


2,009,456 

839,569 

7,000,978 

2,214,280 

543,661 


1,670,117 

551,558 

5,576,203 

1,913,556 

338,767 


339,339 
288,011 
1,424,775 
300,724 
204,894 


Liverp. and Lond. and Globe, 
London Assurance (Fire), 
London Assur. (Marine),* . 
London and Lancashire Fire, 
Mannheim,* .... 


Liverpool, . 
London, 
London, 
Liverpool, . 
Mannheim, . 


1,091,105,097 
250,591,281 

11,884,820 
389,262,487 

18,447,976 


11,482,832 
2,394,069 

580,686 
2,934,404 

545,120 


7,785,240 
1,755,153 

255,846 
2,346,609 

231,171 


3,697,592 
638,916 
324,840 
587,795 
313,949 


Marine,* 

Moscow Fire, .... 
Munich Reinsurance, 
North British and Mercantile, 
Northern Assurance, 


London, 
Moscow, 
Munich, 
London, 
London, 


13,881,796 
152,361,402 
354,273,541 
657,936,274 
427,826,125 


860,549 
1,419,603 
3,203,878 
6,302,463 
3,817,535 


303,626 
1,076,528 
2,810,723 
4,062,517 
3,056,073 


556,923 
343,075 
393,155 

2,239,946 
761,462 


Norwich Union Fire, 

Palatine, 

Phoenix Assurance, 

Prussian National, 

Rossia, . . . . . 


Norwich, 

London, 

London, 

Stettin, 

St. Petersburg, . 


304,059,989 
184,126,188 
329,517,029 
116,515,919 
225,250,834 


3,137,464 
3,144,968 
2,949,952 
1,512,499 
2,137,203 


2,352,185 
2,158,897 
2,206,992 
914,521 
2,153,005 


785,279 
986,071 
742,960 
597,978 

-X 


Royal, 

Royal Exchange Assurance, 
Salamandra, .... 
Scottish Union and National, 
Skandia • 


Liverpool, . 

London, 

St. Petersburg, . 

Edinburgh, 

Stockholm, . 


1,542,735,658 
182,688,426 
140,902,421 
313,997,627 

96,357,284 


12,543,483 
1,953,164 
1,248,245 
3,931,971 
1,045,354 


10,637,784 
1,221,834 
1,045,983 
2,097,093 

784,777 


1,905,699 
731,330 
202,262 

1,834,878 
260,577 


State Fire, .... 

Svea Fire and Life, 
Thames and IVIersey Marine,* 
Union Assurance, . 


Liverpool, . 

Gothenburg, 
Liverpool, . 
London, 


13,375,712 

408,087,547 

65,560,487 

7,875,064 

133,435,773 


357,559 

3,399,806 
993,682 
648,793 

1,204,662 


188,616 
2,619,629 
635,753 
270,568 
845,661 


168,943 
780,177 
357,929 
378,225 
359,001 


Union Marine,* 
Western Assurance, 


Liverpool, . 
Toronto, 


7,864,887 
296,876,169 


575,016 

2,388,203 


174,542 
2,147,475 


400,474 
240,728 




$9,555,900,893 


$9^6,400,015 


$71,584,245 


$25,271,766 



f See footnote on page 416. 



J See footnote on page 467. 



lvi 



REPORT OF THE 



Table XI. — United States Branches, Foreign Companies. 



NAME OF COMPANY. 


Income. 


Disburse- 
ments. 


Expenses. 


Net 
Premiums. 


Net 

Losses 

Paid. 


Aachen and Munich Fire, . 
Alliance Assurance, .... 
Atlas Assurance, .... 
British America Assurance, 
British and Foreign Marine, 


$4,026,964 
1,862,818 
3,095,572 
2,410,939 
1,061,213 


$3,723,176 
1,864,564 
3,024,807 
2,394,040 
1,046,943 


$390,782 
158,479 
612,980 
517,995 
203,429 


$1,000,964 

429,186 

1,575,552 

1,504,627 

774,800 


$3,316,941 

1,581,641 

2,409,420 

1,870,267 

217,197 


Caledonian 

Cologne Reinsurance, .... 
Commercial Union Assurance, . 
Hamburg-Bremen Fire, 
Law, Union and Crown, . 


3,662,805 
666,415 
7,721,145 
4,771,118 
1,863,933 


3,395,102 
624,545 
5,518,862 
4,478,633 
2,081,693 


528,625 
192,456 
1,767,490 
722,346 
135,366 


1,429,659 

632,647 

5,219,507 

1,763,668 

376,013 


2,843,596 
254,601 
3,684,655 
3,540,245 
1,810,057 


Liverpool and London and Globe, . 
London Assurance (Fire), 
London Assurance (Marine), . 
London and Lancashire Fire, . 
Mannheim 


11,953,468 

6,735,473 

409,034 

7,204,254 

781,253 


11,719,673 

6,520,589 

428,849 

7,170,377 

751,929 


2,426,136 
681,026 
117,293 
789,981 
274,945 


7,735,855 
1,962,596 

390,777 
2,292,363 

720,995 


7,462,187 
5,326,164 

170,735 
4,774,501 

370,866 


Marine, 

Moscow 

Munich Reinsurance 

North British and Mercantile, . 
Northern Assurance, .... 


810,177 
1,660,332 
4,652,610 
6,882,346 
6,601,652 


688,705 
1,315,769 
5,081,050 
6,452,173 
6,099,271 


171,452 

455,162 

1,044,851 

1,462,551 

952,383 


786,047 
1,517,779 
3,519,565 
4,327,608 
2,900,010 


259,977 

860,653 

3,960,792 

4,988,478 

3,455,080 


Norwich Union Fire, .... 

Palatine, 

Phoenix Assurance, .... 
Russian National, .... 
Rossia, . . . 


3,399,813 
3,378,445 
5,026,000 
1,735,754 
4,158,185 


2,927,216 
2,403,068 
5,392,701 
1,453,913 

3,827,807 


768,143 
526,499 
936,759 
•326,768 
890,779 


2,099,983 
1,504,131 
2,513,750 
889,632 
3,069,453 


2,052,122 
1,872,692 
3,677,108 
1,124,972 
2,810,340 


Royal, 

Royal Exchange Assurance, 

Salamandra, 

Scottish Union and National, 
Skandia 


14,703,693 
4,501,164 
1,505,519 
2,277,623 
1,540,945 


10,346,875 
4,578,887 
1,525,994 
3,093,670 
1,450,501 


3,076,354 
647,380 
368,545 
750,483 
304,952 


10,159,007 

1,240,472 

1,260,733 

2,076,327 

951,139 


7,072,364 

3,785,057 

935.S64 

1,932,947 

1,064,698 


State Fire, 

Sun, 

Svea Fire and Life, .... 

Thames and Mersey Marine, 

Union Assurance, .... 


1,176,113 
4,994,560 
2,029,185 
640,123 
3,771,102 


1,103,698 
4,541,281 
1,881,745 
624,169 
4,297,581 


61,249 
994,724 
287,996 
128,068 
415,145 


155,106 

2,744,218 

713,688 

538,342 

1,039,385 


1,042,448 
2,716,546 
1,581,698 
220,252 
3,612,323 


Union Marine, 

Western Assurance, .... 


665,866 
3,939,297 


709,845 
3,846,574 


198,150 
841,791 


540,188 
2,585,539 


297,044 
2,995,900 


Totals, 


$138,276,908 


$128,386,275 


$25,129,513 


$74,941,311 


$91,952,428 



INSURANCE COMMISSIONER. 



lvii 



Table XII. — Massachusetts Business for 1906. 
Massachusetts Mutual Fire Companies. 



NAME OF COMPANY. 


Risks 
Written. 


Premiums 
Received. 


Losses 
Paid. 


Losses 
Incurred. 


Abington 


$2,465,528 


$41,201 


$12,905 


$13,977 


Annisquam, 


62,700 


- 


174 


174 


Arkwright 


77,628,834 


526.0S3 


31,028 


30,595 


Attleborough, 


1,695,338 


13,433 


8,792 


10,708 


Barnstable County, 


2,217,73S 


40,003 


10,691 


11,866 


Berkshire, 


3,430,156 


45,233 


16,402 


16.6S4 


Boston Manufacturers', .... 


87,004,451 


607,446 


34,219 


33,422 


Bristol County, 


263,130 


1,683 


256 


256 


Cambridge, * 


4,117,773 


59,882 


21.39S 


20,641 


Citizens', 


5,570,859 


79,681 


17,729 


17,654 


Cotton and 'Woolen, 


7,581,320 


59,385 


1,257 


1,205 


Dedham, 


2,321,854 


36,014 


8,941 


8,941 


Dorchester, 


11,3S6,874 


192,942 


92,098 


97,198 


Fall River Manufacturers', .... 


27,283,898 


187,322 


15,624 


14,900 


Fitchburg, 


5,029,167 


71,884 


24,567 


21,867 


Groveland, 


368,691 


_ 


358 


358 


Hampshire 


1,173,053 


18,755 


6,315 


6,315 


Hingham, 


7,254,532 


107,671 


32,956 


32,853 


Hoi yoke, 


9,413,414 


134,154 


32,041 


33,282 


Industrial 


4,429,355 


34,030 


755 


713 


Lowell, 


3,665,632 


61,113 


17,958 


15,731 


Lumber, 


1,887,47") 


39,637 


10,990 


10,990 


Lynn 


534,713 


6,760 


719 


719 


Merchants' and Farmers', .... 


4,619,S17 


71,252 


25,926 


25,995 


Merrimack, 


7,526,214 


97,606 


39,501 


34,502 


Middlesex, 


10,395,209 


166,246 


44,808 


44,282 


Mutual Fire Assurance 


6,276,075 


104,372 


1,521 


- 


Mutual Protection 


2,393,954 


39,183 


9,794 


10,400 


Newburvport, 


205.610 


3,128 


57 


62 


Norfolk,* 


5,505,847 


77,146 


16,584 


16,584 


Paper Mill, 


7,865,109 


54,917 


1,395 


_ 


Qumcy 


7,698,172 


117,021 


33,122 


33,128 


Rubber Manufacturers', .... 


6,266.454 


48,980 


808 


808 


Salem, 


2,511,161 


42,470 


16,461 


13,933 


Salisbury and Amesbury, .... 


1,03(5,524 


9,697 


7,716 


7,716 


Saugus 


876,150 


_ 


1,256 


1,256 


South Danvers, 


305,975 


5,330 


847 


1,254 


Traders' and Mechanics', .... 


9,003,904 


136,063 


46,343 


46,518 


West Newbury 


364,393 


- 


906 


406 


Worcester Manufacturers', . . . 


30,070,405 


213,795 


7,113 


7,583 


Worcester Mutual 


10,079,476 


133,219 


31,035 


25,454 


Totals, . * 


$379,786,934 


$3,684,737 


$683,366 


$670,930 



lviii 



REPORT OF THE 



Table XII. — Massachusetts Business for 1906 — Continued. 

Massachusetts Mutual Fire-Marine Companies. 

Fire Business. 



NAME OF COMPANY. 


Risks 
Written. 


Premiums 
Received. 


Losses 
Paid. 


Losses 
Incurred. 




$2,102,791 


$27,113 


$16,824 


$20,288 


Marine Business. 




$11,382,718 


$160,581 


$112,187 


$127,651 



Massachusetts Stock Companies. 
Fire Business. 



American 

Boston, 

Mercantile Fire and Marine, 

Old Colony, . 

Springfield Fire and Marine, 

Totals, . . 



$17,908,693 

2,210,378 

2,971,361 

21,198,443 



$44,288,875 



$198,133 

24,919 

28,049 

219,775 



$470,876 



$6,270 
90,285 
15,244 
2,685 
72,342 



$186,826 



Marine Business. 



Boston, 



$57,595,482 



$594,858 



$236,156 



Companies of Other States. 
Fire Business. 



Adirondack, 
iEtna, 

Agricultural, 
Albany, . 
Alliance, 

American, 
American Central, 
American Lloyds, 
American Mutual Fire, . 
Assurance Company of America, 

Ben Franklin, 
Blackstone Mutual Fire, 
British American, . 
Buffalo Commercial, 
Buffalo German, . 

Caledonian-American, . 

Calumet, 

Camden Fire 

Capital Fire 

Central Manufacturers' Mutual, 

Citizens' (Missouri), 
City of New York, . 
Colonial Assurance, 
Commerce, .... 
Commercial Union Fire, 



$93,050 

34,116,958 

10,907,873 

3,113,388 

4,569,538 

8,311,317 
11,157,253 
3,455,491 
7,140,615 
2,545,990 

414,088 

23,456,752 

1,539,824 

1,744,713 

4,067,872 

745,426 

99,981 

5,573,151 

4,202,220 

989,999 

3,131,910 

2,678,627 
2,849,412 
2,328,976 
2,154,300 



$1,313 

341,077 

94,352 

39,087 

48,228 

92,548 
141,945 
27,075 
52,703 
21,136 

4,886 

169,943 

18,468 

16,280 

33,635 

9,881 

5,454 

69,526 

43,372 

17,367 

44,838 
28,502 
33,825 
21,608 
25,896 



$148,170 
37,686 
21,197 
16,303 

25,415 

58,805 

2,496 

1,290 

8,306 

9,951 

6,146 

4,762 

16,186 

1,728 

3,225 

16,860 

19,493 

2,786 

23,402 

13,161 

11,761 

5,836 

9,413 



INSURANCE COMMISSIONER. 



lix 



Table XII. — Massachusetts Business for 1906 — Continued. 

Companies op Other States — Continued. 

Fire Business — Continued. 



NAME of company. 


Risks 
Written. 


Premiums 
Received. 


Losses 
Paid. 


Losses 
Incurred. 


Commonwealth, 


$5,555,353 


$40,765 


$14,799 


$22,073 


Concordia, 






2,011,709 


34,596 


16,360 


12,618 


Connecticut Fire, . 






12,764,000 


139,128 


69,157 


82,807 


Continental, . 






23,093,575 


248,181 


74,061 


87,212 


Cosmopolitan, 






1,327,042 


13,694 


2,626 


3,352 


County Fire, . . .• 






4,068,825 


42,295 


5,558 


7,920 


Delaware, 






4,051,747 


51,381 


23,275 


30,437 


Delaware Fire, 






1,155,317 


11,945 


2,346 


2,805 


Detroit Fire and Marine, 






4,884,281 


43,195 


10,758 


13,931 


Dixie, .... 






310,821 


3,860 


- 


18 


Dutchess, 






357,151 


6,207 


3,032 


8,281 


Eagle, .... 






1,928,467 


25,658 


6,202 


11,109 


Eastern, .... 






1,696,127 


18,405 


4,880 


8,511 


Empire City Fire, . 






2,679,902 


26,968 


7,534 


8,265 


Enterprise Mutual Fire, 






7,149,151 


52,699 


1,251 


1,204 


Equitable Fire and Marine, 






7,302,034 


72,069 


27,037 


31,320 


Farmers', 






5,112,213 


57,999 


17,837 


24,510 


Federal, .... 






3,175,131 


22,544 


3,386 


2,873 


Fidelity Fire, . 






1,828,751 


21,140 


427 


889 


Fire Association, . 






18,877,889 


204,225 


73,323 


88,844 


Fireman's Fund Insurance Company, 


2,245,437 


35,402 


30,454 


23,526 


Firemen's Fund Insurance Corporation, . 


10,656,656 


103,160 


25,511 


33,568 


Firemen'?, 


9,813,790 


92,890 


27,169 


41,049 


Firemen's Mutual, 


' 




37,316,259 


272,270 


19,315 


18,021 


Franklin (West Virginia), 






148,107 


1,152 


- 


435 


Franklin Fire, 






4,537,861 


48,279 


13,729 


14,283 


Georgia Home, 






745,760 


8,042 


900 


1,940 


German Alliance, . 






3,148,927 


31,745 


8,111 


10,107 


German American, 






26,702,145 


275,196 


107,539 


119,082 


German American Fire, 






1,094,357 


11,296 


5,989 


3,542 


German Fire (Peoria), . 






545,956 


8,379 


5,798 


5,798 


German Fire, 






4,660,940 


50,244 


22,960 


22,599 


Germania Fire, 






10,134,292 


104,604 


36,313 


44,925 


Girard Fire and Marine, 






3,820,100 


43,116 


13,906 


20,507 


Glens Falls, . 






6,990,980 


54,472 


16,648 


15,741 


Granite State, 






6,296,308 


65,189 


23,079 


24,459 


Hamilton, 






336,850 


4,023 


381 


401 


Hanover, 






9,466,969 


99,202 


31,423 


27,399 


Hartford, 






36,463,047 


362,300 


122,615 


140,817 


Home 






58,956,923 


499,353 


190,246 


208,164 


Hope Mutual Fire, 






3,359,884 


26,415 


432 


432 


Indemnity Fire, 






849,579 


9,950 


3,971 


7,401 


Indianapolis Fire, . 






388,225 


2,931 


1,389 


1,401 


Insurance Company of North America, 


29,520,716 


318,849 


122,850 


133,706 


Insurance Co. of State of Pennsylvania, . 


3,907,836 


36,872 


5,485 


16,589 


Jefferson Fire, 


3,852,817 


45,755 


6,142 


9,263 


Lumber, 






408,770 


5,025 


2,938 


2,938 


Lumbermen's Mutual, . 






752,760 


18,242 


5,419 


5,919 


Manufacturers' Mutual Fire, 






17,260,504 


126,405 


5,392 


5,533 


Mechanics', . 






1,107,888 


15,591 


5,490 


1,827 


Mechanics' Mutual Fire, 






10,156,905 


74,730 


2,437 


2,573 


Mechanics' and Traders', 






3,155,278 


25,690 


5,420 


9,271 


Mercantile Mutual Fire, 






1,566,738 


14,070 


310 


31C 


Merchants' Mutual, 






10,262,540 


74,616 


5,404 


4,998 


Michigan Commercial, . 






3,115,525 


25,487 


4,979 


9,379 


Middlesex Mutual, 






152,080 


1,765 


10,958 


11,296 


Milwaukee Fire, 






343,768 


4,212 


3,027 


2,633 


Milwaukee Mechanics', 






2,381,708 


28,583 


16,285 


16,229 


Nassau 






4,234,217 


45,928 


15,457 


17,710 


National Fire, 


22,535,777 


196,642 


68,493 


84,450 



lx 



REPORT OF THE 



Table XII. — Massachusetts Business for 1906 — Continued. 
Companies of Other States — Concluded. 
Fire Business — Concluded. 



NAME of company. 


Risks 
Written. 


Premiums 
Received. 


Losses 
Paid. 


Losses 
Incurred. 


National Lumber, 


$176,360 


$3,964 


$25 


$25 


National Union Fire, 






6,3S1,218 


63,889 


20,259 


22,887 


Newark 






736,281 


7,710 


2,477 


3,457 


New Brunswick, . 






1,017,S09 


9,614 


3,239 


3,264 


New Hampshire, . 






18,939,437 


169,271 


72,357 


76,629 


New Jersey, . 






1,479,852 


20,072 


2,365 


2,938 


Niagara, .... 






23,251,954 


261,597 


117,006 


135,474 


North British and Mercantile 


^> • 




3,950,185 


27,283 


• 3,404 


10,108 


Northern, 






3,583,181 


38,858 


10,210 


12,295 


North River, . 






7,460,892 


93,797 


23,997 


28,323 


Northwestern National, 






4,5S0,476 


36,539 


16,767 


1S,979 


Orient, . . 






6,667,991 


59,054 


25,869 


28,479 


Pawtucket Mutual Fire, 






2,389,929 


35,802 


18,756 


15,018 


Pelican Assurance, 






1,183,711 


13,729 


5,107 


7,657 


Pennsylvania Fire, 






18,019,033 


177,778 


5S,389 


74,782 


Phenix, .... 






18,063,043 


168,506 


66,908 


80,993 


Philadelphia Manufacturers 


' Mutual 


Fire, 


3,052,739 


23,602 


371 


371 


Phoenix, .... 






26,077,539 


228,194 


66,519 


82,449 


Providence Mutual Fire, 






1,264,893 


13,716 


2,972 


2,972 


Providence-W a shin gton, 






13,279,785 


125,860 


4S.S36 


56,185 


Queen, .... 






16,774,752 


163,660 


61,580 


74,917 


Reliance, 






4,560,506 


43,769 


17,594 


19,995 


Rhode Island Mutual Fire, 






24,146,976 


177,326 


13,195 


13,379 


Rochester German, 






5,628,821 


70.4S1 


27,454 


29,790 


Security, .... 






7,109,156 


71,951 


39,917 


42,029 


Shawnee Fire, 






830,496 


10,638 


- 


36 


Southern, 






510,251 


6,408 


25 


25 


Spring Garden, 






6,810,575 


80,081 


34,732 


34,250 


State Mutual Fire, . 






39,329,112 


291,807 


18.S29 


17,995 


St. Paul Fire and Marine, 






7,315,318 


6S,750 


32,977 


37,808 


Teutonia, 






4,049,082 


42,916 


21,291 


23,894 


Union, . . . 






4,077,045 


40,688 


14,397 


15,660 


Union Fire, 






1,382,094 


13.S34 


470 


581 


Union Mutual Fire, 






365,100 


3,878 


6 


21 


United Firemen's, . 






4,587,552 


54,571 


13,990 


17,375 


Virginia Fire and Marine, 






_ 


_ 


_ 


_ 


Westchester Fire, . 






9,660,750 


104,945 


32,957 


41,907 


Western 






3,072,616 


29,750 


9,901 


11,804 


Western Reserve, . 






953,284 


10,767 


1,059 


1,948 


What Cheer Mutual Fire, 






4,210,955 


32,920 


4,288 


4,275 


Williamsburg City Fire, 






5,685,436 


57,243 


21,107 


18,535 


Totals, 


$916,729,574 


$S,763,1S9 


$2,770,152 


$3,181,434 



Marine Business. 



iEtna, 

Atlantic Mutual, .... 

Columbia, 

Equitable Fire and Marine, . 
Fireman's Fund, .... 

Home, ... . . 

Insurance Company of North America, 
Providence- Washington, 
St. Paul Fire and Marine, 
United States Lloyds, . 

Totals, 



$8,429,212 
44,208,215 

2,893,083 
773,764 

2,258,026 

1,155,050 
89,381,800 
14,877,194 

4,330,305 
15,718,888 



$184,025,537 



$100,433 

248,772 

60,934 

18,901 

25,606 

21,259 
369,479 
65,401 
37,170 
51,115 



$999,070 



$35,211 

71,490 

17,577 

9,515 

15,458 

43,476 

222,998 

7,345 

12,900 

19,069 



$455,069 



$21,833 
71,490 
1S.288 
13,583 
28,b43 

51,476 

219,798 

6,243 

16,791 

20,918 



$469,263 



INSURANCE COMMISSIONER. 



lxi 



Table XII. — Massachusetts Business for 1906 — Continued. 

United States Branches, Foreign Companies. 

Fire Business. 



NAME OF COMPANY. 


Risks 
Written. 


Premiums 
Received. 


Losses 
Paid. 


Losses 
Incurred. 


Aachen and Munich, 


$4,083,087 


$49,700 


$26,632 


$23,935 


Alliance Assurance, 




5,646,069 


44,372 


12,846 


9,273 


Atlas Assurance 




6,735,441 


67,904 


21,271 


27,764 


British America Assurance, 




3,633,563 


46,372 


15,464 


19,081 


Caledonian, 




8,319,411 


96,836 


41,923 


46,364 


Cologne Reinsurance, . 




5,869,339 


57,870 


14,338 


17,374 


Commercial Union A ssurance, . 




16,432,088 


170,875 


62,605 


68,881 


Hamburg Bremen Fire, 




5,369,734 


65,232 


19,922 


22,132 


Law, Union and Crown, 




2,108,525 


11,757 


2,349 


5,865 


Liverpool and London and Globe, 




32,322,649 


376,421 


153,253 


173,773 


London Assurance (Fire), . 




9,274,222 


99,212 


38,809 


40,555 


London and Lancashire Fire, 




14,461,745 


112,547 


47,328 


53,022 


Moscow, 




4,545,187 


43,621 


10,879 


11,492 


Munich Reinsurance, . 




25,089,937 


246,158 


101,674 


108,678 


North British and Mercantile, 




22,003,118 


204,279 


65,502 


69,133 


Northern Assurance, 




16,764,414 


123,106 


35,156 


39,855 


Norwich Union Fire, 




11,868,240 


113,923 


43,169 


57,970 


PaJatine, 




12,992,746 


148,213 


60,693 


61,255 


Phoenix Assurance, 




10,548,735 


116,109 


49,669 


58,265 


Prussian National, 




6,275,500 


50,158 


18,299 


19,690 


Rossia, 




12,743,174 


114,655 


26,884 


43,402 


Royal, . . . . . 




67,200,615 


422,185 


160,727 


180,938 


Royal Exchange Assurance, 




6,993,143 


77,572 


45,497 


45,044 


Salamandra, 




10,335,-548 


100,429 


23,761 


24,212 


Scottish Union and National, 




8,841,930 


98,765 


41,782 


46,875 


Skandia 




7,171,663 


58,580 


26,629 


33,850 


State Fire, . • . 




303,297 


4,728 


2,118 


2,063 


Sun, 




17,548,931 


167,106 


56,770 


60,715 


Svea Fire and Life, 




3,297,674 


40,432 


10,880 


14,909 


Union Assurance 




10,245,404 


58,434 


17,767 


22,034 


Western Assurance, 




9,785,152 


90,968 


44,607 


51,524 


Totals, 


$378,810,281 


$3,478,519 


$1,299,203 


$1,459,923 



Ma 



an ne 



Bi 



i. sin ess. 



British and Foreign Marine, 
Commercial Union Assurance, . 

London (Marine), 

Mannheim, 

Marine, 

Thames and Mersey Marine, 

Union Marine, 


$18,105,827 
88,972,004 
20,084,927 
11,452,730 

322,795,472 

5,345,280 
4,154,994 


$57,311 
32,086 
57,117 

41,088 
58,869 

20,333 
19,579 


$21,981 

5,814 

32,551 

65,484 

21,820 

1,495 
2,697 


$20,521 

5,058 

33,701 

65,944 

25,800 

7,500 
3,037 


Totals 


$470,911,234 


$286,383 


$151,842 


8161,561 



Recapitulation. 
Fire Business. 



Massachusetts mutual fire companies, 
Massachusetts mutual fire-marine corn- 
Massachusetts joint-stock companies, . 

Companies of other states 

United States branches, .... 


$379,786,934 

2,102,791 

44,288,875 

916,729,574 

378,810,281 


$3,684,737 

27,113 

470,876 

8,763,189 

3,47i<,519 


$683,366 

16,824 

186,826 

2,770,152 

1,299,203 


$670,930 

20,288 

185,460 

3,181,434 

1,459,923 


Totals, 


$1,721,718,455 ! .816,424,434 


$4,956,371 


$5,518,035 



lxii 



REPORT OF THE 



Table XII. — Massachusetts Business for 1906 — Concluded. 

Recapitulation — Concluded. 

Marine Business. 



NAME OF COMPANY. 


Risks Premiums 
Written. Received. 


Losses 
Paid. 


Losses 
Incurred. 


Massachusetts mutual marine companies, . 
Massachusetts joint-stock companies, 
Companies of other states, .... 
United States branches 


$11,382,718 

57,595,482 

184,025,537 

470,911,234 


$160,581 
594,858 
999,070 
286,383 


$112,187 
236,156 
455,069 
151,842 


$127,651 
260,681 
469,263 
161,561 






$2,040,892 


$955,254 


$1,019,156 



Table XIII. — Statement of the Receipts and Expenditures of the Insur- 
ance Department for Eleven Months of the Fiscal Tear ending Nov. 30, 
1906. 

[Made pursuant to Revised Laws, chapter 118, section 17.] 

Receipts. 



Compensation for valuation of life insurar 
License fees, tiling statements, certifiVates, 


ice policies, 
etc., . 




$18,411 26 
65,612 75 


Total, 


$84,024 01 


Expenditures. 


Commissioner. 
Frederick L. Cutting, 




$3,208 33 




Deputy Commissioner. 
Frank H. Harclison, .... 


. 


2,291 66 




Actuary. 
Emma W. Cushman, .... 


■ 


1,833 33 




Examiner. 
Charles W. Fletcher, 


. 


1,833 33 




Clerks. 

A. E. Linn ell first, 

W. O. Richardson, second, 
Minnie F. Whipple, third, 


$1,833 33 
1,375 00 
1,100 00 


4,308 33 




Amount carried forward, 


$13,471 98 





INSURANCE COMMISSIONER. 



lxiii 



Table XIII. — Statement of Receipts, etc. — Continued. 



Amount brought forward, 

Extra Clerks 
L. G Hodgkins, 
C. E Weis, . 
M. E. Burrill, . 
E. L. Johnson, 
E. M Robbins, 

E. M. Page, . 
I. L. Baker, 
G. H. Manks, . 
G C. Studley, . 
G M. Hall, . 
M. Sanborn, . 

F. E. Gowell, . 
M. L. McMann, 
L. H. Young, . 
E. G. Stevens, 
J. S. Davis, 

B. B. Hadley, . 
K. J. Connorton, 
S. E. Gould, . 
K. L. Scheufele, 

E. P. Bancroft, 
H. L Richardson, 

G. L. Moore, . 
M. H. Dyer, . 
M. F. Yeaton, . 
L. A McGowan, 
G. E. Nelson, . 
M. A. Hosmer, 
E A. Perkins, 

C. W. Brown, . 

C. E. Prouty, . 
G. L. Hemenway, 

F. A. Tufts, . 
F. R. Leonard, 
L. W. Whipple, 

D. P. J. Walsh, 
A. D. South worth and others, as per pay 



rolls, 



Expenses. 
Carter & Peabody, appraisals, 

R. L. Day & Co., 

Expenses of delegate to national convention 

Expressage, 

Mechanical accountant, .... 
Newspapers, publications, etc., 

Postage, 

Printing, 

Stationery and office supplies, 

Amounts carried forward, 



.,375 00 
916 66 
916 66 
916 66 
916 66 
916 66 
916 66 
833 33 
825 00 
825 00 
825 00 
770 00 
770 00 
770 00 
770 00 
770 00 
770 00 
770 00 
770 00 
770 00 
770 00 
770 00 
770 00 
770 00 
770 00 
770 00 
770 00 
645 73 
645 73 
645 00 
644 63 
620 97 
571 67 
152 00 
100 00 
19 00 
378 79 



|150 00 
700 00 
321 31 
164 21 
16) 00 
73 70 
799 77 

1,516 19 
261 36 

!4,146 54 



$13,474 98 



26,926 81 



$40,401 79 



lxiv 



EEPORT OF THE INSURANCE COMMISSIONER. 



Table XIII. — Statement of Receipts, etc. — Concluded. 



Amounts brought forward, 

Telephone service and telegrams, . 
Travelling expenses, examination of insur- 
ance companies, 

Sundries, 


$4,146 54 

51 07 

329 89 
55 83 


|40,401 
4,583 

4,732 


79 
33 

56 




Printing Report. 

2,500 copies Part I., 

4,000 copies Part II., 

1,500 copies " Fraternal and Beneficiary As- 
sociations, 1 ' 

500 copies "Text and Tables, 1 ' . . 

Total expenditures, . 
Fees collected and turned into the State trea^ 


$2,079 
2,577 

65 
10 

mry, 


10 
59 

07 
80 


$49,717 68 
84,024 01 


• • 


. 


Surplus accrued to the Commonwealth, 


$34,306 33 



FIRE AND MARINE INSURANCE COMPANIES. 



Abstracts of Annual Statements for the Year ending 
December 31, 1906. 



ABINGTON MUTUAL FIRE INSURANCE CO. 



MASSACHUSETTS MUTUAL FIRE INSURANCE COMPANIES. 



ABINGTON MUTUAL FIRE INSURANCE COMPANY, ABINGTON. 

Incorporated May 30, 1856. Commenced business June 15, 1857. 
ISAAC C. HOWLAND, President. ALFRED H. NASH, Secretary. 



Amount of permanent fund Dec. 31, 1905, .... 
Increase during the year, ....... 

Permanent fund Dec. 31, 1906, . . . 

Income. 

Net premiums, ......... 

Interest on mortgage loans, $862 .11; stocks and bonds, $3,254 . 60 ; 

all other, $819.07, 

Increase in book value of bonds, ...... 

From all other sources, . . . . . . . . 

Total income, . . . ... 

Ledger assets, Dec. 31, 1905, . . . . 

Total, 

Disbursements. 

Net amount paid for losses, ....... 

Profits on terminated policies, ...... 

Commissions or brokerage, ....... 

Salaries, fees, etc., of officers and employees, .... 

Rents, .......... 

Taxes and fees, 

Reduction in book value of bonds, ...... 

Miscellaneous expenses, . . . . . . 

Total disbursements, . 

Balance, ......... 



Ledger Assets. 



Mortgages, .... 
Stocks and bonds (schedule A), 
Cash in banks and office, 
Agents' balances, . 
Town of Abington note, / 

Deposit in savings banks, 

Total ledger assets, 



$55,000 00 
5,000 00 

$60,000 00 

$41,049 29 

4,935 78 

30 00 

120 39 

$46,135 46 
119,218 82 

$165,354 28 



$13,536 70 

11,825 54 

5,594 10 

3,631 79 

300 00 

418 85 

130 00 

1,501 85 

$36,938 83 

$128,415 45 



$15,287 78 

84,600 00 

2,264 71 

3,664 31 

2,000 00 

20,598 65 



$128,415 45 






ABINGTON MUTUAL FIRE INSURANCE CO. 



Non-Ledger Assets. 
Interest due and accrued : — 
On mortgages, $295 . 32 ; bonds, $975 . 82, 
All other, . . . . 

Gross assets, ...... 

Assets not admitted. 

Agents' balances over three months due, . 
Book value of stocks and bonds over market value, 
Total unadmitted assets, 

Total admitted assets, . . . . 

Liabilities. 
Unpaid losses, ...... 

Unearned premiums on outstanding risks, 

Dividends due policy holders, 

Due for return premiums, .... 

All liabilities, except surplus, . 
Surplus, ....... 

Total liabilities, 

Risks and Premiums. 

Amount. 

Risks outs'ding Dec. 31, 1905, $6,925,400 00 
Risks written during 1906, . 2,592,963 00 



• 


$1,271 14 
8 66 


• 


$129,695 25 


$526 57 
535 00 


1,061 57 




• 


$128,633 68 


• 


$1,072 75 

60,330 77 

2,282 41 

99 70 



$63,785 63 
64,848 05 

$128,633 68 



Cash Prem's. Conting't Prem's. 

$108,201 29 $108,201 29 
43,086 64 43,086 64 



Total, .... 
Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, 

Net amount in force, 



59,518,363 00 

2,096,987 00 

57,421,376 00 

125,331 00 



$151,287 93 $151,287 93 
33,673 11 33,673 11 



$117,614 82 
2,014 70 



$117,614 82 



$7,296,045 00 $115,600 12 



Miscellaneous. 
Losses incurred during the year, ..... 
Profits or surplus retained during 1906, 20, 40 and 60 per cent. 

Schedule A. Stocks and Bonds owned by the Company. 

Bank Stocks. 
15 shares Abington National, 
14 " First National, Salem, 
14 " Metropolitan National, Boston, 

5 " Old Boston, Boston, . 
20 " South End National, Boston, 
10 " State National, Boston, 

5 " Whitman National, 

State and Municipal Bonds. 
Boston, Mass., 3£s, 1923, . 
Boston, Mass., 3£s, 1919, . 
Cambridge, Mass., 3£s, 1918, 
Chicago, 111., 4s, 1914, 
Massachusetts 3s, 1909, 
Massachusetts 3s, 1930, 
Massachusetts 3s, 1941, 
New Bedford, Mass., 3^s, 1913, 
New Bedford, Mass., 4s, 1910. 
South Abington, Mass., 4s, 1913, 



$13,113 00 





Book Value. 


Rate. 


Market Value. 


. 


00 


108 


$1,620 00 




700 


00 


25 


175 00 




1,400 


00 


120 


1,680 00 




500 


00 


109 


545 00 




2,000 


00 


95^ 


1,910 00 




1,000 


00 


149 


1,490 00 


500 


00 


100 


500 00 


4,000 


00 


97 


3,880 00 




1,000 


00 


97f 


976 25 




2,000 


00 


97f 


1,955 00 




2,000 


00 


lOOf 


2,012 50 




3,000 


00 


99 


2,970 00 




1,000 


00 


92| 


928 75 




1,000 


00 


91 


910 00 




2,000 


00 


98i 


1,965 00 




2,000 


00 


100* 


2,005 00 




2,000 


00 


101 


2,020 00 



ANNISQUAM MUTUAL FIRE INSURANCE CO. 



Railroad Bonds. 
Boston & Maine 4s, 1926, 
Chicago, Burlington & Quincy 3*s, 1949, 
Chicago & Eastern Illinois 4*s, 1910, 
Chicago June. & Union Stock Yards 4s, 1940, 
Chicago & Northwestern 5s, 1921, 
Concord & Montreal 4s, 1920, . 
Concord & Montreal 3*s, 1920, . 
Fitchburg 4s, 1925, . 
Flint & Pere Marquette 6s, 1920, 
Illinois Cent. (Louisville Div. & Ter.) 3*s, 1953, 
Illinois Central (Litchfield Div.) 3s, 1951, . 
Maine Central 7s, 1912, .... 
Naumkeag Street 5s, 1907, 
New York Central & Hudson River 4s, 1934, 
New York Central & Hudson River 3*s, 1997, 
New York, New Haven & Hartford 4s, 1914, 
New York, New Haven & Hartford 3*s, 1954, 
Old Colony 3*s, 1932, .... 
Portland & Ogdensburg 5s, 1908, 
Princeton & Northwestern 3*s, 1926, 
Rockland & Abington Street 6s, 1915, 
Taunton Street 5s, 1914, . 
Terminal Association of St. Louis 4*s, 1939, 
Trenton Passenger 6s, 1931, 
West End Street 4s, 1915, 



Book Value. 

$2,000 00 
3,000 00 
2,000 00 
3,000 00 
2,000 00 
3,000 00 
1,000 00 
3,000 00 
1,000 00 
3,000 00 
2,000 00 
1,000 00 
2,000 00 
1,000 00 
2,000 
3,000 
3,000 
4,000 
5,000 00 
2,000 00 
1,000 00 
1,000 
2,000 
2,000 
3,000 

$84,600 00 



00 
00 
00 
00 



00 
00 
00 
00 



Rate. 
102f 

92 

98* 

98 
108 
101i 

95* 

101* 
113* 

9H 
79| 

113* 
100 

97f 

93£ 
100 

90* 

95 
100* 

94 
109* 
103* 
109 
120 
1001 



Market Value. 
$2,055 00 
2,760 00 
1,970 00 
2,940 00 
2,160 00 
3,037 50 

955 00 
3,045 00 
1,135 00 
2,737 50 
1,595 00 
1,135 00 
2,000 00 

976 25 
1,865 00 
3,000 00 
2,715 00 
3,800 00 

5.025 00 
1,880 00 
1,095 00 
1,035 00 
2,180 00 
2,400 00 

3.026 25 

$84,065 00 



ANNISQUAM MUTUAL FIRE INSURANCE COMPANY, GLOUCESTER. 

Incorporated March 1, 1847. Commenced business Dec. 28, 1847 

ELIAS DAVIS, President. WILLIAM H. JEWETT, Secretary 

[This company relies upon assessments on deposit notes to pay losses and expenses.] 



Permanent fund, ....... 

Income. 

Interest on mortgage loans, $204.84; all other, $241.26, 
Assessment for losses, . 

Total income, ...... 

Ledger assets, Dec. 31, 1905, ..... 

Total, 

Disbursements. 
Net amount paid for losses, ..... 

Profits on terminated policies, .... 

Salaries, fees, etc.. of officers and employees, 

Rents, ........ 

Taxes and fees, ....... 

All other disbursements, ..... 

Total disbursements, ..... 

Balance, ....... 



$948 98 



Ledger Assets. 



Mortgages, . 

Cash in banks and office, 

Office safe, . 

Total ledger assets, 



• 


$446 10 
396 33 


. 


$842 43 
9,957 62 




$10,800 05 

$174 42 

126 58 

363 62 

10 00 

7 58 

21 94 


• 


$704 14 


• 


$10,095 91 

$3,413 94 

6,596 97 

85 00 


. 


$10,095 91 



ARKWRIGHT MUTUAL FIRE INSURANCE CO. 



Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $54.66; savings banks deposits, $24.19, . . $78 85 

Gross assets, ......... $10,174 76 

Assets not admitted. 
Office safe, 85 00 



Total admitted assets, . $10,089 76 

Liabilities. 
Due policy holders, ........ $91 00 

Risks and Premiums. 

Amount. Conting't Prem's. 

Risks outstanding Dec. 31, 1905, . . . $289,380 00 $5,735 50 

Risks written during 1906, .... 62,700 00 



Total, $352,080 00 

Risks expired and terminated, . . . 63,600 00 



In force at end of year, $288,480 00 $4,415 29 

Miscellaneous. 
Losses incurred during the year, . . . . . . $174 00 



ARKWRIGHT MUTUAL FIRE INSURANCE COMPANY, BOSTON. 

Incorporated Feb. 8, 1860. Commenced business Oct. 1, 1860. jj i 

R. W. TOPPAN, President. D. W. BARTLETT, Secretary. 

Office, 31 Milk Street. 

Income. 

Net premiums, $1,439,925 99 

Interest on bonds, $40,765.22; all other, $2,834.19, . ... 43,599 41 



Total income, $1,483,525 40 

Ledger assets, Dec. 31, 1905, 1,351,483 74 



Total, $2,835,009 14 

Disbursements. 

Net amount paid for losses, ....... $74,240 64 

Profits on terminated policies, ...... 1,231,315 06 

Salaries, fees, etc., of officers and employees, .... 32,374 77 

Rents, including company's own occupancy, .... 1,981 68 

Taxes and fees, . . . 13,852 90 

Inspections, 23,674 56 

All other disbursements, ....... 7,910 16 



Total disbursements, $1,385,349 77 

Balance, $1,449,659 37 



ARKWRIGHT MUTUAL FIRE INSURANCE CO. 



Ledger Assets. 
Bonds (schedule A), 

Cash in banks and office, .... 

Premiums in course of collection, 



Total ledger assets, 



Non-Ledger Assets. 



Interest accrued on bonds, ...... 

Gross assets, ........ 

Assets not admitted. 
Book value of bonds over market value, . . 

Total admitted assets, ...... 

Liabilities. 
Unpaid losses, ........ 

Unearned premiums on outstanding risks, 

Taxes accrued, ........ 

All liabilities, except surplus, . 
Surplus, ......... 

Total liabilities, ....... 

Risks and Premiums. 

Amount. Cash Prem's. 

Risks outs'ding Dec. 31, 1905, $175,366,792 00 $1,338,910 70 
Risks written during 1906, . 200,893,702 00 1,509,804 81 



,329,410 00 

107,078 43 

13,170 94 

.,449,659 37 



16,802 27 
.,466,461 64 

23,516 25 
,442,945 39 



$3,359 36 

714,253 18 

5,016 90 

$722,629 44 
720,315 95 

1,442,945 39 



Conting't Prem's. 

$6,694,553 50 
7,549,024 05 



Total, .... $376,260,494 00 
Risks expired and terminated, 186,890,760 00 



£2,848,715 51 $14,243,577 55 
1,420,209 15 7,101,045 75 



In force at end of year, 



$189,369,734 00 $1,428,506 36 $7,142,531 80 



Miscellaneous. 
Losses incurred during year, ....... 

Profits or surplus returned during 1906, 91 .21 per cent. 

Schedule A. Bonds owned by the Company. 



State and Municipal Bonds. 
Boston, Mass., 3^s, 1932, . 
Boston, Mass., 3|s, 1945, . 
Cambridge, Mass., 4s, 1910, 
Cambridge, Mass., 3^s, 1920, 
Lowell, Mass., 4s, 1920, . 
Massachusetts 3s, 1939, 
Massachusetts 3s, 1940, 
New York, N. Y., 4s, 1955, 
Providence, R. I., 3s, 1930, 
Waltham, Mass., 4s, 1910, 

Railroad Bonds. 
Boston & Albany 3£s, 1952, 
Boston & Albany 4s, 1913, 
Boston Elevated 4s, 1935, 
Boston & Lowell 4s, 1913, 
Boston & Lowell 4s, 1932, 
Boston & Maine 4s, 1942, 
Boston & Providence 4s, 1918, 



Book Value. 

$51,000 00 
30,000 00 
15,000 00 
25,000 00 
20,000 00 
55,000 00 
45,000 00 
50,000 00 
50,000 00 
10,000 00 

25,000 00 
30,000 00 
52,000 00 
35,000 00 
54,875 00 
49,900 00 
20,000 00 



Rate. 

961 

95 
100 

97^ 
102£ 

91f 

91* 
102i 

90 
100 

95f 
101 
102 
100£ 
103J 
103| 
10ll 



$66,469 00 



Market Value. 
$48,062 50 
28,500 00 
15,000 00 
24,375 00 
20,500 00 
50,256 25 
41,062 50 
51,062 50 
45,000 00 
10,000 00 

23,937 50 
30,300 00 
51,000 00 
35,175 00 
56,787 50 
51,875 00 
20,300 00 



ATTLEBOROUGH MUTUAL FIRE INSURANCE CO. 



Chicago, Burlington & Quincy 4s, 1919, 
Chicago, Burlington & Quincy 3£s, 1949, 
Chicago June, and Union Stock Yards 5s, 1915, 
Chicago & Northwestern 5s, 1933, 
Concord & Montreal 4s, 1920, . 
Erie & Pittsburg 3£s, 1940, 

Fitchburg 4s, 1928, 

Lake Shore & Michigan Southern 3£s, 1997, 
New England 4s, 1945, .... 
New York Central & Hudson River 3^s, 1997, 
N. Y. Cent. & Hud. R. (L. Shore coll.) 3£s, 1998, 
New York, New Haven & Hartford 3£s, 1947, 
New York, New Haven & "Hartford 4s, 1954, 
Norwich & Worcester 4s, 1927, . 
Old Colony 4s, 1938, .... 

Pennsylvania Co. 4^s, 1921, 
Pennsylvania Co. 4s, 1931, 

Philadelphia, Wilmington & Baltimore 5s, 1910, 
West End Street 4s, 1932, 

Miscellaneous Bonds. 
American Telephone & Telegraph Co. 4s, 1929, 



Book Value. 


Rate. 


Market Value. 


$17,000 


00 


100 


$20,000 00 


48,000 


00 


92 


46,000 00 


23,719 


00 


104 


26,000 00 


28,400 


00 


112£ 


28,125 00 


25,000 


00 


101£ 


25,312 50 


24,750 


00 


96 


24,000 00 


52,000 


00 


101* 


50,750 00 


49,500 


00 


94* 


47,250 00 


30,000 


00 


102* 


30,750 00 


70,766 


00 


93i 


69,937 50 


26,700 


00 


86^ 


25,875 00 


50,000 


00 


91 


45,500 00 


52,600 


00 


101i 


50,625 00 


53,000 


00 


102f 


51,375 00 


40,000 


00 


103| 


41,450 00 


30,000 


00 


105* 


31,650 00 


19,400 


00 


97i 


19,450 00 


20,000 


00 


1031 


20,650 00 


25,800 


00 


102 


25,500 Oo 


25,000 


00 


90 


22,500 00 


$1,329,410 00 


81,305,893 75 



ATTLEBOROUGH MUTUAL FIRE INSURANCE COMPANY, 

ATTLEBOROUGH. 

Incorporated Feb. 24, 1844. Commenced business July 18, 1845. 
EVERETT S. CAPRON, President. HARRY E. CARPENTER, Secretary. 

Amount of permanent fund, ....... 

Income. 

Net premiums, $11,535.23; extra premiums, $138.66, 

Interest on mortgage loans, $1,258.17; stocks and bonds, $340; 

all other, $263.89, . 

From all other sources, . . . . . . 

Total income, ......... 

Ledger assets, Dec. 31, 1905, ....... 

Total, 

Disbursements. 



Net amount paid for losses, . 
Commissions or brokerage, 
Salaries, fees, etc., of officers and employees, 
Rents, ...... 

Taxes and fees, ..... 

Reduction in book value of securities, 
Borrowed money, ..... 

All other disbursements, 

Total disbursements, 

Balance, ..... 



Mortgages, . 

Stocks and bonds (schedule A), 



Ledger Assets. 



$16,901 35 


$11,673 89 


1,862 06 


10 00 


$13,545 95 


45,422 80 


$58,968 75 


$8,791 72 


1,284 71 


2,086 00 


36 00 


111 80 


44 58 


2,500 00 


374 88 


$15,229 69 


$43,739 06 


$22,975 00 


8,715 27 



8 BARNSTABLE COUNTY MUTUAL FIRE INSURANCE GO. 

Cash in banks and office, ..... 
Agents' balances, . . . . . 

Total ledger assets, ..... 

Non-Ledger Assets. 
Interest due and accrued : — 
On mortgages, $235.44; bonds, $45, 
Furniture, stationery and other supplies, 

Gross assets, . . . . . 

Assets not admitted. 

Furniture, fixtures, safes, stationery and all other 
supplies, ........ 

Agents' balances over three months due, . 
Book value of stocks and bonds over market value, . 
Total unadmitted assets, .... 

Total admitted assets, .■-... 

Liabilities. 
Unpaid losses, ....... 

Unearned premiums on outstanding risks, 



• 


$10,267 03 
1,781 76 


• 


$43,739 06 


• 


280 44 
25 00 


• 


$44,044 50 


$25 00 
477 87 
745 27 


1,248 14 




• 


$42,796 36 


• 


$1,939 00 
19,636 98 



All liabilities, except surplus, ...... $21,575 98 

Surplus, 21,220 38 



Total liabilities $42,796 36 

Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outs'ding Dec. 31, 1905, $3,404,634 00 $32,406 66 $64,813 32 

Risks written during 1906, . 1,695,338 00 13,432 86 26,865 72 



Total, .... $5,099,972 00 $45,839 52 $91,679 04 

Risks expired and terminated, 957,208 00 8,243 65 16,487 30 



In force at end of year, . . $4,142,764 00 $37,595 87 $75,191 74 

Miscellaneous. 
Losses incurred during year, ....... $10,708 00 

Schedule A. Stocks and Bonds owned by the Company. 

Book Value. Rate. Market Value- 



10 shares Hereford R.R. Co., 
Attleborough, Mass., 4s, 1926, . 
Pawtucket, R. I., 4s, 1923, 
Attleborough Steam & Electric Co. 5s 
Vaughn Machine Co. 5s. 1920, . 



1919, 



$1,000 00 97 $970 00 

3,416 26 103 3,090 00 

2,229 40 101£ 2,030 00 

1,048 30 108 1,080 00 

1,021 31 80 800 00 



5,715 27 $7,970 00 



BARNSTABLE COUNTY MUTUAL FIRE INSURANCE COMPANY, 

YARMOUTHPORT. 

Incorporated March 2, 1833. Commenced business Aug. 1, 1833. 
ALPHONSO L. WEEKES, President. JOHN H. CLARK, Secretary. 

Amount of permanent fund, ....... $57,365 80 



BARNSTABLE COUNTY 3IUTUAL FIRE INSURANCE CO. 



Income. 

Net premiums, $40,002.54; extra premiums, $1,176.99, . 
Interest on mortgage loans, $56 . 85 ; stocks and bonds, $3,838 . 28 

all other, $600, . 

Note charged off, ........ 

From all other sources, ....... 



Total income, ....... 

Ledger assets, Dec. 31, 1905, ..... 

Total, 

Disbursements, 
Net amount paid for losses, ..... 
Profits on terminated policies, .... 

Salaries, fees, etc., of officers and employees, 
Real estate taxes, $18.75; other taxes and fees, $368.46, 
Reduction book value of ledger assets, 
Premium on securities purchased, .... 
All other disbursements, . . . . . 

Total disbursements, ..... 

Balance, ....... 

Ledger Assets. 

Real estate, $1,000; mortgages, $700, 

Stocks and bonds (schedule A), 

Cash in banks and office, 

Agents' balances, . 

Bills receivable, not matured, 

Town of Yarmouth notes, 

Deposited in savings banks, . 



Total ledger assets, ...... 

Non-Ledger Assets. 
Interest due and accrued : — 
On mortgages, $10.50; bonds, $795.25; other assets, $1,267.58, 
Market value of stocks and bonds over book value, . 

Gross assets, ........ 

Assets not admitted. 
Agents' balances over three months due, 

Total admitted assets, ...... 

Liabilities. 
Unpaid losses, ......... 

Unearned premiums on outstanding risks, 

Dividends due policy holders, ..... 

Salaries and other miscellaneous expenses due or accrued, . 

All liabilities, except surplus, ..... 
Surplus, . . . . . ... 

Total liabilities, ....... 



$41,179 


53 


! 4,495 


13 


96 


00 


18 31 


$45,788 97 


100,313 


89 


. $146,102 86 


$10,691 21 


21,144 


34 


6,356 


53 


387 


21 


100 


00 


663 


20 


762 


62 


$40,105 


11 


. $105,997 75 


$1,700 00 


84,400 


00 


2,245 


40 


82 


35 


70 


00 


12,500 


00 


5,000 


00 


. $105,997 


75 


2,073 


33 


15,219 


00 


. $123,290 08 


82 


35 


. $123,207 73 


$1,175 00 


67,668 


39 


703 


78 


104 


18 



$69,651 35 
53,556 38 

$123,207 73 



10 



BARNSTABLE COUNTY MUTUAL FIRE INSURANCE CO. 



Risks outs'ding Dec. 31, 1905, 
Risks written during 1906, 

Total, . 
Risks expired and terminated, 

In force at end of year, . 



Risks and Premiums. 

Amount. 

$7,559,642 00 
2,217,738 00 

$9,777,380 00 
2,192,025 00 



Cash Prem's. 

$131,213 31 
40,002 54 



Conting't Prem's. 

$131,213 31 
40,002 54 



$171,215 85 $171,215 85 
39,624 48 39,624 48 



$7,585,355 00 $131,591 37 $131,591 37 



Miscellaneous. 
Losses incurred during the year, ..... 
Profits or surplus returned during 1906, 50 and 60 per cent. 



$11,866 00 



Book Value. 


Rate. 


Market Value. 


$1,500 


00 


190* 


$2,857 50 


6,300 


00 


198 


12,474 00 


600 


00 


92| 


927 50 


3,000 


00 


180* 


5,407 50 


600 


00 


94 


752 00 


2,000 


00 


218 


2,180 00 


2,100 


00 


184 


1,932 00 


1,000 


00 


100 


1,000 00 


700 


00 


298 


2,086 00 


1,000 


00 


120 


1,200 00 


1,500 


00 


125 


1,875 00 


500 


00 


164 


820 00 


600 


00 


275 


1,650 00 


1,500 


00 


149 


2,235 00 



1,000 00 
1,000 00 



15 



100* 



Schedule A. Stocks and Bonds owned by the Company. 

Railroad Stocks. 
15 shares New York, New Haven & Hartford, 
63 " Old Colony, 
10 " Southern Pacific, common, . 
30 " Union Pacific, common, 
8 " Union Pacific, preferred, 

20 " West End Street, preferred, 

21 " West End Street, common, 

Bank Stocks. 
10 shares Falmouth National, . 
7 " First National, Boston, 
10 " First National, Hyannis, 
15 " First National, Yarmouth, . 

5 " National Bank of Republic, Boston, 

6 " National Shawmut, Boston, 
15 " State National, Boston, 

Miscellaneous Stocks. 
50 shares Massachusetts Real Estate Co., 

State Bonds. 
Massachusetts 3*s, 1935, .... 

Railroad Bonds. 
Atch., Top. & Santa Fe general mortgage 4s, 1995, 
Boston & Maine 4s, 1942, 
Chicago, Burlington & Quincy 3*s, 1949, 
Chicago & Eastern Illinois 6s, 1934, . 
Chicago & Eastern Illinois 6s, 1907, . 
Chicago & Eastern Illinois equipment 4*s, 1912, 
Chicago & Eastern Illinois equipment 4*s, 1913, 

Fitchburg 4s, 1915, 

Illinois Central 4s, 1950, . 

Lake Shore & Michigan Southern 4s, 1928, . 

Lynn & Boston 5s, 1924, .... 

N. Y. Cent. & Hudson R. (Mich. Cent.) 3*s, 1998 

New York, New Haven & Hartford 4s, 1954, 

New York, New Haven & Hartford 3*s, 1956, 

Oregon Short Line 5s, 1946, 

Terminal Association, St. Louis, 4*s, 1939, 

United Traction & Electric Co. 5s, 1933, 

West End Street 4s, 1917, 

Miscellaneous Bonds. 
American Telephone & Telegraph Co. 4s, 1929, 
Illinois Steel Co. 5s, 1910, 
Western Telephone & Telegraph Co. 5s, 1932, 



750 00 



1,008 75 



>, 1,000 


00 


100 


1,000 00 


12,000 


00 


103f 


12,450 00 


1,000 


00 


92 


920 00 


1,000 


00 


131 


1,310 00 


1,500 


00 


100 


1,500 00 


1,000 


00 


97f 


977 50 


2,000 


00 


97* 


1,950 00 


4,000 


00 


lOOf 


4,030 00 


2,000 


00 


108i 


2,165 00 


5,000 


00 


98 


4,900 00 


1,000 


00 


109f 


1,093 75 


, 1,000 


00 


85* 


855 00 


10,000 


00 


101* 


10,125 00 


1,500 


00 


112 


1,680 00 


500 


00 


114* 


572 50 


3,000 


00 


109 


3,270 00 


1,000 


00 


108* 


1,085 00 


2,000 


00 


101 


2,020 00 


4,000 


00 


90 


3,600 00 


1,000 


00 


100 


1,000 00 


4,000 


00 


99 


3,960 00 


$84,400 


00 


$99,619 00 



BERKSHIRE MUTUAL FIRE INSURANCE CO. 11 



BERKSHIRE MUTUAL FIRE INSURANCE COMPANY, PITTSFIELD. 

Incorporated March, 1835. Commenced business August, 1835. 
HENRY R. PEIRSON, President. JOHN M. STEVENSON, Secretary. 

Amount of permanent fund, ....... $60,000 00 

Income. 

Net premiums, $56,771.65; extra premiums, $483.04, . . $57,254 69 

Interest on mortgage loans, $550 ; stocks and bonds, $5,796 . 90, . 6,346 90 

Rents, 107 00 

Profit on sale of bonds, ........ 38 75 



Total income, $63,747 34 

Ledger assets, Dec. 31, 1905, 130,670 73 



Total, $194,418 07 

Disbursements. 

Net amount paid for losses, . . . . . . $23,507 65 

Profits on terminated policies, ...... 19,716 32 

Commissions or brokerage, ....... 7,932 58 

Salaries, fees, etc., of officers and employees, .... 5,249 00 

Kents, . 450 00 

Real estate taxes, $20.48; other taxes and fees, $753.33, . . 773 81 

All other disbursements, ....... 2,993 74 



Total disbursements, $60,623 10 



Balance, $133,794 97 

Ledger Assets. 

Mortgages, $11,000 00 

Stocks and bonds (schedule A), . . . . . . 111,543 69 

Cash in banks and office, ....... 2,939 73 

Agents' balances, ......... 8,311 55 



Total ledger assets, . $133,794 97 

Non-Ledger Assets. 

Interest accrued on bonds, ....... 381 65 

Market value of stocks and bonds over book value, . . . 35,490 81 



Gross assets, $169,667 43 

Liabilities. 

Unpaid losses, $2,781 86 

Unearned premiums on outstanding risks, . $88,234 40 

Plus same on disallowed reinsurance, . . 129 22 

88,363 62 



Dividends due policy holders, . . . . . . 2,945 83 

Salaries and other miscellaneous expenses, due or accrued, . 608 54 



All liabilities, except surplus, $94,699 85 

Surplus, 74,967 58 



Total liabilities, $169,667 43 



12 



BOSTON MANUFACTURERS MUTUAL FIRE INSURANCE CO. 



Risks and Premiums. 

Amount. 

Risks outs'ding Dec. 31, 1905, $11,921,843 00 
Risks written during 1906, . 4,431,796 00 



Cash Prem's. 

$173,214 51 
65,607 62 



Conting't Prem's. 

$173,214 51 
65,607 62 



Total, .... $16,353,639 00 $238,822 13 $238,822 13 
Risks expired and terminated, 3,907,427 00 57,227 63 57,227 63 



In force at end of year, . 
Amount reinsured, 

Net amount in force, 



$12,446,212 00 
923,239 00 



$181,594 50 $181,594 50 
12,926 78 



$11,522,973 00 $168,667 72 



Miscellaneous. 
Losses incurred during the year, . . 

Profits or surplus returned during 1906, 20, 40 and 60 per cent. 



$13,500 00 



Schedule A. Stocks and Bonds owned by the Company. 



Railroad Stocks. 
10 shares Baltimore & Ohio, preferred, 
100 " Boston & Albany, . 
40 " Chicago, St. Paul, Minn. & Omaha, 
76 " New York Central & Hudson River, 

Bank Stocks. 
16 shares Adams National, No. Adams, 
10 '" Agricultural National, Pittsfield, 
10 " First National, Adams, 
4 " Lee National, . . 

10 " Lenox National, 
58 " Pittsfield National, . 
12 " Third National, Pittsfield, 
Miscellaneous Stock. 
100 shares Adams Express Co., New York, 

Railroad Bonds. 
Baltimore & Ohio prior lien 3^s, 1925, 
Chicago, Burlington & Quincy 3^-s, 1949, 
Chicago & Northwestern 5s, 1929, 
Chicago & Western Indiana 6s, 1932, 
Greenfield & Turners Falls 5s, 1916, . 
St. Paul & Sioux City 6s, 1919, 
Third Avenue, N. Y., 4s, 2000, . 
United Traction & Elec. Co., Pro v., R. L, 5s, 1933, 

Miscellaneous Bonds. 
Adams Express Co. 4s, 1948, . 
American Telephone & Telegraph Co, 4s, 1929, 
Proprietors of Pittsfield Cemetery 5s, 1911, 
Western Union Telegraph Co. 4^s, 1950, 



Book Value. 

$913 78 

15,305 20 

5,226 87 

11,726 11 



2,360 
2,000 
1,337 
704 
1,020 
10,145 50 
1,500 00 



00 
00 
50 
00 
00 



6,061 25 

1,950 00 
1,000 00 
4,496 25 
5,378 15 
5,370 00 
1,270 00 
4,862 50 
4,570 00 

5,000 00 

10,090 33 

4,000 00 

5,256 25 

Lll,543 69 



Rate. 
92i 
239^ 
175 
131 

115 

250 
110 
165 
165 
162 
225 

296 

92± 

92 
106 
112 
102 
119 

88 
108* 

101$ 

90 
100 
99* 



Market Value. 

$922 50 

23,950 00 

7,000 00 

9,956 00 



1,840 
2,500 
1,100 
660 
1,650 
9,396 



00 
00 
00 
00 
00 
00 



2,700 00 
29,600 00 



1,845 
920 
4,240 
5,600 
5,100 
1.190 
4,400 00 
4,340 00 



00 
00 
00 
00 
00 
00 



10,150 00 

9,000 00 

4,000 00 

4,975 00 

$147,034 50 



BOSTON MANUFACTURERS' MUTUAL FIRE INSURANCE COMPANY, 

BOSTON. 

Incorporated March 15, 1850. Commenced business Oct. 15, 1850. 
JOSEPH P. GRAY, Vice-President. FRANCIS E. ROBINSON, Secretary. 

Office, 81 Milk Street. 

Income. 

Net premiums, $1,787,147 35 

Interest on bonds, 62,249 19 



Total income, 



,849,396 54 



BOSTON MANUFACTURERS' MUTUAL FIRE INSURANCE CO. 



13 



Ledger assets, Dec. 31, 1905, .... 

Total, 

Disbursements. 
Net amount paid for losses, . 
Profits on terminated policies, 
Salaries, fees, etc., of officers and employees, 
Rents, ..... 

Taxes and fees, .... 
Loss on sale or maturity of ledger assets, 
Inspections, etc., .... 
All other disbursements, 

Total disbursements, 

Balance, .... 

Ledger Assets. 
Bonds (schedule A), 

Cash in banks and office, .... 

Premiums in course of collection, . 

Total ledger assets, .... 

Non-Ledger Assets. 

Interest due and accrued on bonds, 
Market value of bonds over book value, . 

Gross assets, ...... 

Liabilities. 
Unpaid losses, ...... 

Unearned premiums on outstanding risks, 
Accrued taxes, ...... 

All liabilities, except surplus, . 
Surplus, ....... 



$1,528,366 74 
$3,377,763 28 

$84,608 68 

1,497,104 29 

39,901 58 

3,385 28 

16,914 14 

673 12 

29,000 76 

13,220 33 

$1,684,808 18 

$1,692,955 10 

$1,615,726 25 
71,942 00 

5,286 85 

$1,692,955 10 



20,086 67 
17,272 50 

$1,730,314 27 



$1,832 00 

884,465 63 

6,869 23 

$893,166 86 
837,147 41 



Total liabilities, $1,730,314 27 

Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outs'ding Dec. 31, 1905, $214,820,605 00 $1,645,333 55 $8,226,667 75 

Risks written during 1906, . 253,473,067 00 1,862,577 18 9,312,885 90 



Total, .... $468,293,672 00 $3,507,910 73 $17,539,553 65 
Risks expired and terminated, 234,558,962 00 1,738,979 47 8,694,897 35 



In force at end of year, . . $233,734,710 00 $1,768,931 26 $8,844,656 30 

Miscellaneous. 
Losses incurred during the year, ...... $73,575 00 

Profits or surplus returned during 1906, 90.01 per cent. 

Schedule A. Bonds owned by the Company. 

State and Municipal Bonds. Book Value. Rate. Market Value. 

Brookline, Mass., notes, 4s, 1907-21, . 
Brookline, Mass., notes, 3^s, 1907-21, 
Massachusetts 3-§-s, 1935, .... 
Massachusetts 3^s, 1938, .... 
"Massachusetts 3s, 1939, .... 



$15,000 00 


101!- 


$15,281 25 


55,500 00 


98f 


54,806 25 


165,000 00 


100| 


166,443 75 


35,000 00 


101 


35,350 00 


50,000 00 


91f 


45,687 50 



14 



BRISTOL COUNTY MUTUAL FIRE INSURANCE CO. 



Massachusetts 3s, 1927, .... 
Massachusetts 3s, 1941, .... 

Railroad Bonds. 
Boston & Albany 4s, 1913, 

Boston, Clinton, Fitchburg & New Bed. 5s, 1910 
Boston & Lowell 4s, 1916, 
Boston & Maine 4*s, 1944, 
Chicago, Rock Island & Pacific 4s, 1988, 
Chic, Rock Isl. & Pacific (coll. trust) 4*s, 1908, 
Dutchess County 4*s, 1940, 
Illinois Central 4s, 1952, .... 
Interborough Rapid Transit Co. 4s, 1908, . 
Long Island refunding mortgage 4s, 1949, . 
New York Central & Hudson River 4s, 1934, 
N. Y. Cent. & Hud. River (Lake Shore) 3*s, 1998 
New York, New Haven & Hartford 3*s, 1947, 
New York, New Haven & Hartford 4s, 1914, 
North Pac.-Great North. (C. B. & Q.) 4s, 1921, 
Old Colony 4s, 1924, . . . . 

Old Colony 4s, 1938, .... 

Pennsylvania Co. 4*s, 1921, 
Pennsylvania Co. trust certificates 3*s, 1916, 
Pennsylvania convertible 3*s, 1915, . 
Philadelphia, Wilmington & Baltimore 5s, 1910, 
Rome, Watertown & Ogdensburgh 5s, 1922, 
Southern (collateral trust) 5s, 1909, . 
Terminal Association of St. Louis 4s, 1953, 
United New Jersey R.R. & Canal Co. 4s, 1944, 
West End Street 4*s, 1914, 
West Shore 4s, 2361, 

Miscellaneous Bonds. 
American Telephone & Telegraph Co. 4s, 1929, 
Amer. Telegraph & Telephone Co. notes, 5s, 1907, 



Book Vhlue. 


Rate. 


Market Value^ 


$35,000 


00 


93* 


$32,725 00 


14,962 


50 


91 


13,650 00 


50,000 


00 


101 


50,500 00 


>, 50,000 


00 


102f 


51,375 00 


25,000 


00 


101 


25,250 00 


50,000 


00 


112 


56,000 00 


20,000 


00 


99f 


19,950 00 


39,237 


50 


99* 


39,800 00 


42,000 


00 


104 


43,680 00 


30,000 


00 


102 


30,600 00 


49,468 


75 


97* 


48,750 00 


49,500 


00 


99 


49,500 00 


78,500 


00 


97f 


78,100 00 


, 72,600 


00 


86i 


69,000 00 


20,000 


00 


91 


18,200 00 


30,000 


00 


100 


30,000 00 


28,593 


75 


96| 


29,062 50 


50,000 


00 


102* 


51,250 00 


50,000 


00 


103| 


51,812 50 


29,781 


25 


105* 


31,650 00 


49,057 


50 


95* 


47,750 00 


46,675 


00 


93 


46,500 00 


40,000 


00 


103£ 


41,300 00 


50,000 


00 


114 


57,000 00 


50,000 


00 


100 


50,000 00 


49,000 


00 


95 


47,500 00 


50,000 


00 


108 


54,000 00 


50,000 


00 


103f 


51,875 00 


46,000 


00 


103* 


51,750 00 


29,850 


00 


90 


27,000 00 


20,000 


00 


99* 


19,900 00 


$1,615,726 


25 


11,632,998 75 



BRISTOL COUNTY MUTUAL FIRE INSURANCE COMPANY, 

NEW BEDFORD. 

Incorporated Feb. 13, 1829. Commenced business July 4, 1829. 

JAMES TAYLOR, President. GEO. N. ALDEN, Secretary. 

[Note. — This company takes deposit notes from its members and makes an assessment when 
the note is issued for paying current expenses.] 

Income. 

Net premiums, $1,682.77; extra premiums, $14.75, 
Interest, ...... 

From all other sources, .... 

Total income, .... 

Ledger assets, Dec. 31, 1905, . 



Total, 



Disbursements 



Net amount paid for losses, . 

Commissions or brokerage, 

Salaries, fees, etc., of officers and employees, 

Taxes and fees, . . . . 

All other disbursements, 

Total disbursements, . . 

Balance, ..... 



$1,697 52 
60 00 

5 75 


$1,763 27 
2,435 86 


$4,199 13 

$256 34 

97 74 

735 00 

18 10 

157 18 


$1,264 36 



5,934 77 



CAMBRIDGE MUTUAL FIRE INSURANCE CO. 



15 



Ledger Assets. 



Cash in banks and office, 
Deposited in savings banks, 
Agents' balances, . 
Uncollected office premiums, 



Total ledger assets, 



Risks and Premiums. 



Risks outstanding Dec. 31, 1905, 
Risks written during 1906, 

Total, . 
Risks expired and terminated, 



In force at end of year, 



Miscellaneous 



11,370 27 

1,500 00 

44 50 

20 00 



Losses incurred during the year, 



5,934 77 



Amount. Conting't Prem's. 

,543,755 00 $102,871 00 
263,130 00 17,691 00 



.,806,885 00 $120,562 00 
402,880 00 27,339 00 



,404,005 00 $93,223 00 



$256 00 



CAMBRIDGE MUTUAL FIRE INSURANCE COMPANY, CAMBRIDGE. 

Incorporated March 13, 1833. Commenced business Jan. 1, 1834. 
GILBERT A. A. PEVEY, President. WILLIAM E. BURRAGE, Secretary. 

Amount of permanent fund, ....... $130,688 77 

Income. 

Net premiums, $79,746.34; extra premiums, $586.67, . . $80,333 01 
Interest on mortgage loans, $1,079.01 ; stocks and bonds, $2,001 ; 

all other, $83.82, . . . . . . . 3,163 83 

Rents, including company's own occupancy, .... 8,532 03 

Reinsurance, dividends and return premiums, .... 1,886 71 

Total income, . $93,915 58 

Ledger assets, Dec. 31, 1905, 178,716 91 

Total, $272,632 49 

Disbursements. 

Net amount paid for losses, $38,681 63 

Profits on terminated policies, ...... 33,422 95 

Commissions or brokerage, ....... 12,765 26 

Salaries, fees, etc., of officers and employees, .... 8,396 41 

Rents, including company's own occupancy, .... 1,200 00 

Repairs and expenses on real estate, ..... 2,610 21 

Real estate taxes, $1,643.59; other taxes and fees, $1,280.58, . 2,924 17 

Loss on sale or maturity of bonds, . ... . . . 431 25 

Profit and loss, . . . 105 92 

All other disbursements, ....... 3,525 05 

Total disbursements, . . . . . . $104,062 85 

Balance, $168,569 64 



16 



CAMBRIDGE MUTUAL FIRE INSURANCE CO. 



Ledger Assets. 

Real estate, $56,087.52; mortgages, $53,421, .... $109,50852 

Stocks and bonds (schedule A), 38,600 00 

Cash in banks and office, . . . . . . . 5,519 34 

Agents' balances, 14,941 78 

Total ledger assets, $168,569 64 

Non-Ledger Assets. 

Interest due and accrued : — 

On mortgages, $384.04; bonds, $506.65, .... 89069 

Rents accrued on company's property, ..... 463 98 

Market value of stocks and bonds over book value, . . v 916 25 

Gross assets, . . . ... . . . , $170,840 56 

Assets not admitted. 

Agents' balances over three months due, ..... 485 70 

Total admitted assets, . $170,354 86 

Liabilities. 

Unpaid losses, $3,203; less reinsurance, $1,701.39, . . . $1,50161 

Unearned premiums on outstanding risks, .... 122,260 49 

Dividends due policy holders, ...... 7,480 96 

Salaries and other miscellaneous expenses, due or accrued, . 923 41 

Due for return premiums, $465,60; reinsurance, $2,822.33, . 3,287 93 

All liabilities, except surplus, ...... $135,454 40 

Surplus, . . . • 34,900 46 

Total liabilities, ' . ... $170,354 86 

Risks and Premiums. 

Amount. 

Risks outs'ding Dec. 31, 1905, $20,762,483 00 



Risks written during 1906, 

Total, . 
Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, . ■. 

Net amount in force, 



6,442,795 00 

$27,205,278 00 
7,739,654 00 

$19,465,624 00 
2,090,413 00 



Cash Prem's. Conting't Prem's. 

$318,096 94 $318,096 94 
99,652 86 99,652 86 



$417,749 80 $417,749 80 
128,236 21 128,236 21 



$289,513 59 $289,513 59 
26,652 46 



$262,861 13 



$36,995 00 



. $17,375,211 00 

Miscellaneous. 
Losses incurred during the year, ..... 
Profits or surplus returned during 1906, 20, 30 and 40 per cent. 

Schedule A. Stocks and Bonds owned by the Company. 

Bank Stocks. Book Value. Rate. Market Value. 

1 share Framingham National, . . . $100 00 130 $130 00 

15 shares National City, Cambridge, . . . 1,500 00 125 1,875 00 

Municipal Bonds. 

Cambridge, Mass., 4s, 1914, .... 3,000 00 101i 3,037 50 

Railroad Bonds. 

Boston & Lowell 4s, 1932, .... 4,000 00 103i 4,130 00 

Fitchburg 4s, 1927, 4,000 00 101£ 4,060 00 



citizens' MUTUAL INSURANCE CO. 



17 



Fitchburg 4s, 1927, 

Fitchburg 4s, 1928, .... 
New York, New Haven & Hartford 4s, 1947, 
West End Street 4s, 1915, 
West End Street 4s, 1916, 



Book Value. 


Rate. 


Market Value. 


$1,000 


00 


ioh 


$1,015 


00 


5,000 


00 


101| 


5,075 


00 


10,000 


00 


101 


10,100 


00 


5,000 


00 


100| 


5,043 


75 


5,000 


00 


101 


5,050 


00 


$38,600 


00 


$39,516 


25 



CITIZENS' MUTUAL INSURANCE COMPANY, BOSTON. 

Incorporated March 7, 1846. Commenced business Oct. 6, 1846. 
GEO. W. HINKLEY, President. CHARLES F. BOWERS, Secretary. 

Office, 141 Milk Street. 
Amount of permanent fund, ....... $174,441 91 

Income. 

Net premiums, $86,466.99; extra premiums, $713.92, .' . $87,180 91 
Interest on mortgage loans, $9,373 . 50 ; collaterals, $60 ; stocks 

and bonds, $4,586.68; all other, $175.88, .... 14,19606 

Rents, . . . 689 50 

Profit on sale or maturity of ledger assets, .... 1,424 25 

Profit and loss, 257 14 



Total income, ..... 

Ledger assets, Dec. 31, 1905, .... 

Total, 

Disbursements. 
Net amount paid for losses, .... 

Profits on terminated policies, 

Commissions or brokerage, .... 

Salaries, fees, etc., of officers and employees, 
Rents, ....... 

Repairs and expenses on real estate, 

Real estate taxes, $773.28; other taxes and fees, $1,222.84, 

Reduction in book value of bonds, . 

Profit and loss, ...... 

All other disbursements, 

Total disbursements, .... 

Balance, ...... 

Ledger Assets. 
Real estate, $17,500; mortgages, $171,525, 
Loans secured by collateral (10 shares Natick National Bank), 
Stocks and bonds (schedule A), 
Cash in banks and office, 
Agents' balances, . ... . 

Total ledger assets, ....... 

Non-Ledger Assets. 
Interest due and accrued : — 
On mortgages, $1,960.51; bonds, $1,747.38; collateral loans, 
22; other assets, $55.19, 



$103,747 86 
325,239 84 

$428,987 70 



$18,519 66 

40,185 50 

13,290 26 

8,172 76 

2,059 08 

240 40 

1,996 12 

3,007 50 

8 71 

3,696 36 



,176 35 



$337,811 35 



$189,025 00 

1,200 00 

136,549 25 

6,163 56 

4,873 54 

$337,811 35 



3,781 30 



18 



CITIZENS MUTUAL INSURANCE CO. 



Rents due on company's property, . 
Market value of real estate over book value, 

Gross assets, ...... 

Assets not admitted. 
Book value of stocks and bonds over market value, 



$54 00 
1,800 00 



$343,446 65 



163 75 



Liabilities. 



Total admitted assets, 



Unpaid losses, $430.11; less reinsurance, $59.38, 

Unearned premiums on outstanding risks, 

Dividends due policy holders, 

Due for return premiums, . ... 

All other liabilities, ..... 

All liabilities, except surplus, . 
Surplus, ....... 

Total liabilities, ..... 

Risks and Premiums. 

Amount. 

Risks outst'ding Dec. 31, 1905, $28,653,743 00 
Risks written during 1906, 

Total, . 
Risks expired and terminated 

In force at end of year, . 
Amount reinsured, 

Net amount in force, 



7,142,189 00 

$35,795,932 00 
6,409,053 00 

$29,386,879 00 
1,389,566 00 



Cash Prem's. 

$390,353 74 
99,674 32 



$343,282 90 



$370 73 

186,579 73 

1,487 58 

508 59 

990 00 

$189,936 63 

153,346 27 

$343,282 90 



Conting't Prem's. 

$390,353 74 
99,674 32 



$490,028 06 $490,028 06 
87,402 56 87,402 56 



$402,625 50 $402,625 50 
20,426 86 



$27,997,313 00 $382,198 64 



Miscellaneous. 
Losses incurred during the year, 
Profits or surplus returned during 1906, 20, 40 and 60 per cent. 



$18,440 00 



Schedule A. Stocks and Bonds owned by the Company. 



Railroad Stocks. 
35 shares Massachusetts Electric, preferred, 

Bank Stocks. 
10 shares State National, Boston, 

Miscellaneous Stocks. 
25 shares American Telegraph & Telephone Co., 
24 " Massachusetts Gas Co., preferred, 

Government Bonds. 
Imperial Japanese (1st series) 6s, 1911, 

Municipal Bonds. 
Cambridge, Mass., 3^s, 1922, 
New Bedford, Mass., 4s, 1915, . 

Railroad Bonds. 
Boston & Lowell 4s, 1909, 

Chic, Burlington & Quincy (111. Div.) 3£s, 1949, 
Chicago, Burlington & Quincy 4s, 1921, 
C. & Northw. (Sioux City & Pac. Div.) 3£s, 1936 
Chicago & Northwestern 5s, 1933, 
Chicago, Rock Island & Pacific 4s, 1934, 
Cin., Hamilton & Dayton (coll. trust )4^s, 1908, 
Flint & Pere Marquette 6s, 1920, 
Flint & Pere Marquette (Pt. Huron Div.) 5s, 1939, 



Book Value. 

$2,983 75 

1,400 00 

3,167 50 
1,998 00 

5,000 00 

3,000 00 
5,000 00 

1,000 00 
10,000 00 
1,000 00 
1,000 00 
2,000 00 
2,000 00 
2,000 00 
1,000 00 
5,000 00 



Rate. 
67 

149 

133^ 
85 

95i 

97f 
lOlf 

100 
91f 
96£ 
92i 

1121 
90 
79 

113* 

108 



Market Value. 
$2,345 00 

1,490 00 

3,337 50 
2,040 00 

4,775 00 

2,932 50 

5,087 50 



1,000 00 
9,175 00 
968 75 
922 50 
2,250 00 
1,800 00 
1,580 
1,135 



00 
00 



5,400 00 



COTTON AND WOOLEN 



Interborough Rapid Transit notes, 4s, 1908, 

Kansas City, Fort Scott & Memphis 6s, 1928, 

Lake Shore & Michigan Southern 4s, 1928, 

New York Central 3£s, 1997, . 

New York Central 4s, 1934, 

N. Y., N. H. & Hartford debentures, 4s, 1947, 

N. Y., N. H. & Hartford convertible 3£s. 1956, 

Pennsylvania Co. (coll. note) 4^s, 1907, 

Pennsylvania Car trust 3-|-s, 1907, 

Pennsylvania Steel equipment trust 3^-s, 1907, 

Pere Marquette equipment trust 4-Js, 1913, 

Southern (coll. trust) 5s, 1909, . 

Terminal Association of St. Louis 4^-s, 1939, 

West End Street 4^s, 1914, 

West End Street 4s, 1932, 

Miscellaneous Bonds. 
American Bell Telephone Co. 4s, 1908, 



Amer. Telegraph & Telephone Co. note, 5s 

General Electric Co. 3^s, 1942, 

Illinois Steel Co. 5s, 1910, 

Illinois Steel Co. 5s, 1913, 

Maiden Electric Co. 5s, 1910, 

Michigan State Tel. Co. 6s, 1909 

Westinghouse Electric & Mfg. Co. 5s, 1931 



1907 



3TURERS INSURANCE 


co. iy 


Book Value. 


Rate. 


Market Value. 


$5,000 00 


97£ 


$4,875 00 


5,000 00 


120 


6,000 00 


3,000 00 


98 


2,940 00 


2,000 00 


93i 


1,865 00 


5,000 00 


97f 


4,881 25 


6,000 00 


101 


6,060 00 


- 


112 


336 00 


5,000 00 


100 


5,000 00 


2,000 00 


99i 


1,985 00 


5,000 00 


98£ 


4,925 00 


3,000 00 


97i 


2,925 00 


7,000 00 


100 


7,000 00 


1,000 00 


109 


1,090 00 


5,000 00 


103f 


5,187 50 


2,000 00 


102 


2,040 00 


10,000 00 


98^ 


9,850 00 


J, 1,000 00 


99^ 


995 00 


2,000 00 


89 


1,780 00 


5,000 00 


100 


5,000 00 


3,000 00 


100 


3,000 00 


5,000 00 


100 


5,000 00 


2,000 00 


99i 


1,990 00 


5,000 00 


95 


4,750 00 


$136,549 25 


$136,385 50 



COTTON AND WOOLEN MANUFACTURERS' MUTUAL INSURANCE 

COMPANY, BOSTON. 

Incorporated Oct. 19, 1875. Commenced business Oct. 20, 1875. 
M. V. B. JEFFERSON, President. BENJAMIN TAFT, Secretary. 

Office, 31 Milk Street. 

Income. 
Net premiums, ......... 1494,063 19 

Interest on bonds, 13,973 50 



Total income, . . .- 

Ledger assets, Dec. 31, 1905, . 

Total, 

Disbursements 
Net amount paid for losses, 
Profits on terminated policies, 
Salaries, fees, etc., of officers and employees, 
Taxes aud fees, ..... 

Reduction in book value of bonds, . 
Inspections, ...... 

All other disbursements, 

Total disbursements, 

Balance, ..... 



Ledger Assets 



Bonds (schedule A), 
Cash in banks and office, 
Premiums in course of collection, 

Total ledger assets, 



$508,036 69 
354,637 10 

$862,673 79 

$37,935 37 

394,460 26 

13,325 61 

5,870 70 

2,811 25 

10,963 86 

17,743 11 

$483,110 16 

$379,563 63 

$344,000 00 
23,700 32 
11,863 31 

$379,563 63 



20 



COTTON AND WOOLEN MANUFACTURERS' INSURANCE CO. 



Non-Ledger Assets. 

Interest due and accrued on bonds, ...... 

Market value of bonds over book value, ..... 

Gross assets, . . . .. . . . • 

Liabilities. 
Unpaid losses, . . . . . . . 

Unearned premiums on outstanding risks, .... 

Taxes, due or accrued, ........ 

All liabilities, except surplus, ...... 

Surplus, .......... 

Total liabilities, . . ... 

Risks and Premiums. 

Amount. Cash Prem's. 

Risks outs'ding Dec. 31, 1905, $50,590,624 00 $482,679 08 
Risks written during 1906, . 58,698,388 00 526,710 44 



&5,167 05 
2,272 50 



$387,003 18 

$22,016 08 

255,717 34 

1,546 60 

$279,280 02 
107,723 16 

$387,003 18 

Conting't Prem's. 

$2,413,395 40 
2,633,552 20 

Total, .... $109,289,012 00 $1,009,389 52 $5,046,947 60 
Risks expired and terminated, 54,883,330 00 497,954 84 2,489,774 20 



In force at end of year, 



$54,405,682 00 $511,434 68 $2,557,173 40 



Miscellaneous. 
Losses incurred during the year, ...... 

Profits or surplus returned during 1906, 85 per cent. 

Schedule A. Bonds owned by the Company. 



State and Municipal Bonds 
Fall River, Mass., 3!s, 1915, 
Massachusetts 3!s, 1933, . 

Railroad Bonds, 
Atchison, Topeka & Santa Fe 4s, 192f- 
Bangor & Aroostook 5s, 1943, 
Boston Elevated 4s, 1935, 
Boston & Lowell 3!s, 1919, 
Boston & New York Air Line 4s, 1955, 
El Paso & Rock Island 5s, 1951 
Fitchburg 4s, 1927, . 
Lynn & Boston 5s, 1912, 
Maine Central 5s, 1923, 
Maine Central 4!s, 1916, 
Maine Central 4s, 1912, 
Michigan Central 3^s, 1952, 
N. Y. Cent. & Hud. River (Lake Shore) 3|s, 1998, 
New York, New Haven & Hartford 4s, 1955, 
New York, New Haven & Hartford 4s, 1914, 
Northern Maine Seaport 5s, 1935, 
North. Pac.-Great North. (C, B. & Q. col.) 4s ; '21, 
Portland & Ogdensburg 5s, 1908, 
Richmond-Washington 4s, 1943, 
West End Street 4s, 1917, 
West End Street 4£s, 1914, 
West End Street 4s, 1915, 

Miscellaneous Bonds, 
American Bell Telephone Co. 4s, 1908, 
American Telegraph & Telephone Co. 4s, 1929, 
American Writing Paper Co. 5s, 1919, 
N. E. Telephone & Telegraph Co. 4s, 1930, . 
N. E. Telephone & Telegraph Co. 5s, 1919, . 
Western Union Telegraph Co. 4£s, 1950, 



Book Value. 
$20,000 00 
18,000 00 

7,000 00 
15,000 00 

6,000 00 
10,000 00 

4,000 00 

5,000 00 
18,000 00 
10,000 00 
10,000 00 
16,000 00 

3,000 00 

2,000 
15,000 
20,000 

2,000 
20,000 00 

1,000 00 
10,000 00 

9,000 00 
15,000 00 

5,000 00 

5,000 00 

15,000 00 
20,000 00 
5,000 00 
28,000 00 
10,000 00 
20,000 00 

$344,000 00 



00 
00 
00 
00 



Rate. 

98! 

lOOf 



96 
117 
102 

97| 
102! 
109 
101! 
103 
111 
103! 

ioo! 

93! 

86! 

ioi! 

100 
112 
96! 

ioo! 

102! 

101 

103f 

ioo! 

98! 
90 
87 
96 
106! 
99! 



$58,933 00 



Market Value. 

$19,650 00 

18,157 50 

6,720 00 

17,550 00 

6,120 00 

9,712 50 

4,100 00 

5,450 00 

18,270 00 

10,300 00 

11,100 00 

16,520 00 

3,015 00 

1,865 00 

12,937 50 

20,250 00 

2,000 00 

22,400 00 

968 75 

10,050 00 

9,225 00 

15,150 00 

5,187 50 

5,043 75 

14,775 00 
18,000 00 
4,350 00 
26,880 00 
10,625 00 
19,900 00 

$346,272 50 



DEDHAM MUTUAL FIRE INSURANCE CO. 21 



DEDHAM MUTUAL FIRE INSURANCE COMPANY, DEDHAM. 

Incorporated Feb. 22, 1837. Commenced business July 1, 1837. 
JAMES Y. NOYES, President. THEODORE T. MARSH, Secretary. 

Amount of permanent fund, ....... $89,765 77 

Income. 

Net premiums, 



Interest on mortgage loans, $2,088.91; 

199.07; allother, $77.38, . 
Profit on sale or maturity of ledger assets 
Increase in book value of securities, 
Lombard Investment Company, 

Total income, .... 
Ledger assets, Dec. 31, 1905, . 

Total, . . 

Disbursements. 

Net amount paid for losses, .... 

Profits on terminated policies, 

Commissions or brokerage, .... 

Salaries, fees, etc., of officers and employees, 
Rents, ....... 

Taxes and fees, ...... 

Reduction in book value of securities, 

All other disbursements, .... 

Total disbursements, .... 

Balance, . . 

Ledger Assets. 
Mortgages, ....... 

Stocks and bonds (schedule A), 

Cash in banks and office, .... 

Agents' balances, . 

Total ledger assets, .... 

Non-Ledger Assets. 
Interest due and accrued : — 
On mortgages, $791 . 15 ; bonds, $1,310 . 98, 
Market value of stocks and bonds over book value, 

Gross assets, . . . . 

Liabilities. 
Unearned premiums on outstanding risks, 
Dividends due policy holders, 
Due for return premiums, .... 

All liabilities, except surplus, . . 

Surplus, ....... 

Total liabilities, ..... 



stocks and bonds, 



$36,013 66 


7,365 36 
25 38 


834 00 


269 00 


$44,507 40 
168,698 74 


$213,206 14 


$8,929 49 

14,494 42 

5,457 73 


4,279 22 


270 00 


372 50 


3,682 50 
1,206 12 


$38,691 98 


$174,514 16 


$37,900 00 

128,117 72 

4,615 87 

3,880 57 


$174,514 16 


2,102 13 
402 28 


$177,018 57 


$59,938 57 

2,577 20 

. 257 07 


$62,772 48 
114,245 73 


$177,018 57 



22 



DORCHESTER MUTUAL FIRE INSURANCE CO. 



Risks outs 'ding Dec. 31, 1905 
Risks written during 1906, 

Total, . 
Risks expired and terminated 

In force at end of year, . 



Risks and Premiums. 

Amount. 

$7,474,575 00 
2,345,129 00 

$9,819,704 00 
2,038,655 00 



Cash Prem's. Conting't Prem's. 

114,517 57 $114,517 57 
37,683 77 37,683 77 



$152,201 34 $152,201 34 
32,654 74 32,654 74 



$7,781,049 00 $119,546 60 $119,546 60 



Book Value. 


Rate. 


Market Value. 


$5,150 00 

7,722 00 
4,650 00 


104* 
99 
94 


$5,225 00 
7,722 00 
4,700 00 



Miscellaneous. 
Losses incurred during the year, . . . . . . $8,941 00 

Profits or surplus returned during 1906, 25, 50 and 70 per cent. 

Schedule A. Stocks and Bonds owned by the Company. 

Railroad Stocks. 
50 shares Atchison, Topeka & Santa Fe, common, 
78 " Atchison, Topeka & Santa Fe, preferred, . 
50 " Union Pacific, preferred, 
Bank Stocks. 
12 shares Dedham National, .... 1,320 00 109 1,308 00 

Miscellaneous Stocks. 
39 shares Dedham Water Co., .... 4,36800 110 4,29000 

Municipal Bonds. 
Boston, Mass., 4s, 1921, .... 
Lynn, Mass., 4s, 1919, .... 
Salem, Mass., 4s, 1914, ..... 

Railroad Bonds. 
Atchison, Topeka & Santa Fe gen. mtge. 4s, 1995, 
Atchison, Topeka & Santa ¥6 adjustment 4s, 1995, 
Boston & Albany 3*s, 1952, 
Boston & Lowell 4s, 1932, 
Boston & Maine 4s, 1926, 
Boston & Maine 4s, 1937, 
Boston & Maine 4*s, 1944, 
Chicago, Burlington & Quincy 4s, 1919, 
Chicago, Burlington & Quincy (111. Div.) 4s, 1949 

Fitchburg 4s, 1915, 

Newport & Richford 5s, 1911, . 

New York, New Haven & Hartford 4s, 1914, 

New York, New Haven & Hartford 4s, 1947, 

New York, New Haven & Hartford 3*s, 1954, 

Old Colony 3*s, 1932, .... 

Philadelphia & Reading 7s, 19.11, 

St. Johnsbury & Lake Champlain 5s, 1944, 

Union Pacific 4s, 1947, .... 

West End Street 4s, 1916, 



2,050 


00 


102f 


2,055 00 


3,060 


00 


102| 


3,071 25 


3,045 


00 


101* 


3,045 00 


8,000 


00 


100 


8,000 00 


3,680 


00 


91| 


3,670 00 


5,700 


00 


95f 


5,745 00 


11,110 


00 


103* 


11,357 50 


1,022 


72 


102* 


1,027 50 


4,070 


00 


103* 


4,140 00 


6,750 


00 


112 


6,720 00 


2,010 


00 


100 


2,000 00 


, 7,087 


50 


102* 


7,148 75 


5,025 


00 


lOOf 


5,037 50 


8,240 


00 


103* 


8,290 00 


4,000 


00 


100 


4,000 00 


5,075 


00 


101 


5,050 00 


1,800 


00 


90* 


1,810 00 


4,800 


00 


95 


4,750 00 


5,550 


00 


112* 


5,612 50 


7,260 


00 


119* 


7,155 00 


3,552 


50 


102 


3,570 00 


2,020 


00 


101 


2,020 00 


$128,117 


72 


$128,520 00 



DORCHESTER MUTUAL FIRE INSURANCE COMPANY, BOSTON. 

Incorporated February, 1855. Commenced business July, 1855. 
THOMAS F. TEMPLE, President. Wm. D. C. CURTIS, Secretary. 

Office, Neponset. 

$200,000 00 

Income. 

Net premiums, $198,664.52; extra premiums, $1,419.55, . . $200,084 07 

" onds, 

16,670 77 



Amount of permanent fund, . 

Net premiums, $198,664.52; e: 

Interest on mortgage loans, $1,960.09; stocks and bonds, 



$14,710.68, 



DORCHESTER MUTUAL FIRE INSURANCE CO. 23 

Rents, .... $541 00 

Total income, $217,295 84 

Ledger assets, Dec. 31, 1905, 354,170 17 

Total, $571,466 01 

Disbursements. 

Net amount paid for losses, ....... $93,724 82 

Profits on terminated policies, ...... 81,082 54 

Commissions or brokerage, ....... 30,916 08 

Salaries, fees, etc., of officers and employees, .... 12,590 02 

Real estate taxes, $299.35; other taxes and fees, $2,974.01, . 3,273 36 

All other disbursements, . . . . . . 5,180 19 



Total disbursements, $226,767 01 



Balance, . $344,699 00 

Ledger Assets. 

Real estate, $28,500; mortgages, $38,200, .... $66,70000 

Stocks and bonds (schedule A), 241,773 20 

Cash in banks and office, ....... 18,762 25 

Agents' balances, . . . . . . . . . 17,463 55 

Total ledger assets, . . . . . . $344,699 00 

Non-Ledger Assets. 

Interest due and accrued : — 

On mortgages, $1,298; bonds, $800; other assets, $694.75, . 2,792 75 

Market value of stocks and bonds over book value, . . . 120,480 80 

Personal property in hall, office and dwelling, .... 2,000 00 



Gross assets, $469,972 55 

Assets not admitted. 
Personal property in hall, office and dwelling, .... 2,000 00 



Total admitted assets, .... . . $467,972 55 

Liabilities. 

Unpaid losses, . . . ' $16,000 00 

Unearned premiums on outstanding risks, .... 332,663 63 

Dividends due policy holders, ...... 5,250 00 



All liabilities, except surplus, ...... $353,913 63 

Surplus, 114,058 92 



Total liabilities, $467,972 55 

Risks and Premiums. 

Amount. Cash Prem's. Conting*t Prem's. 

Risks outs'ding Dec. 31, 1905, $40,716,675 00 $680,185 08 $680,185 08 

Risks written during 1906, . 11,931,488 00 202,181 39 202,181 39 



Total, .... $52,648,163 00 $882,366 47 $882,366 47 
Risks expired and terminated, 12,565,919 00 209,476 67 209,476 67 



In force at end of year, . . $40,082,244 00 $672,889 80 $672,889 80 



24 



FALL RIVER MANUFACTURERS MUTUAL INSURANCE CO. 



Miscellaneous. 
Losses incurred during the year, ..... 
Profits or surplus returned during 1906, 20, 40 and 60 per cent. 



$102,525 00 



Schedule A. Stocks and Bonds owned by the Company. 



Railroad Stocks. 
304 shares Boston & Albany, 
56 " Boston & Lowell, . . 

75 " Boston & Maine, 
273 " Old Colony, .... 
Bank Stocks. 
67 shares Blue Hill National, Milton, 
315 " International Trust Co., Boston, 
10 " Mt. Wollaston National, Quincy, 

5 " National Granite, Quincy, 
10 " New England National, Boston, . 
29 " State National, Boston, 
5 " Weymouth National (in liquidation), 

Miscellaneous Stocks. 

250 shares American Telephone & Telegraph Co., 

50 " American Woolen Co., preferred, 

Railroad Bonds. 

Chic. Burlington & Quincv (Neb. Ext.) 4s, 1927, 

Nor. Pac.-Gt. Nor. Jt. (C. B. & Q. coll.) 4s, 1921, 

Miscellaneous Bonds. 
United Lead Co. 5s, 1943, .... 



Book Value. 

$39,758 59 

7,378 57 

10,856 07 

37,430 02 

7,642 50 

59,688 06 

1,400 00 

650 
1,402 
4,125 

150 



00 
50 
00 
00 



33,692 50 
3,500 00 



17,559 09 

16,540 30 
$241,773 20 



Rate. 

239^ 

231 

161 

198 

130 
400 
120 
151 
140 
149 
3 

133i 
101 

102 
96| 

75 



Market Value. 

$72,808 00 

12,936 00 

12,075 00 

54,054 00 

8,710 00 

126,000 00 

1,200 00 

755 00 

1,400 00 

4,321 00 

15 00 

34,042 50 
5,050 00 

10,200 00 
9,687 50 

9,000 00 
$362,254 00 



FALL RIVER MANUFACTURERS' MUTUAL INSURANCE COMPANY, 

FALL RIVER. 

Incorporated Feb. 11, 1870. Commenced business May 1, 1870. 
THOS. E. BRAYTON, President. CHARLES S. WARING, Secretary. 

Income. 
Net premiums, 



Interest on bonds, $20,697.50; all other, $1,133.06, 

Total income, ..... 

Ledger assets, Dec. 31, 1905, .... 

Total, 

Disbursements. 
Net amount paid for losses, .... 

Profits on terminated policies, 

Salaries, fees, etc., of officers and employees, 

Rents, ....... 

Taxes and fees, . . . . 

Reduction in book value of bonds, . 
Inspections, etc., . . . 

All other disbursements, . 

Total disbursements, .... 

Balance, ...... 



$551,575 65 
21,830 56 

$573,406 21 
539,849 54 

$1,113,255 75 



$31,963 77 

476,609 61 

11,581 89 

876 00 

5,237 67 

450 00 

8,737 44 

1,524 04 

$536,980 42 

$576,275 33 



FALL RIVER MANUFACTURERS' MUTUAL INSURANCE CO. 



25 



Ledger Assets. 
Bonds (schedule A), 

Cash in banks and office, .... 

Premiums in course of collection, 

Total ledger assets, .... 

Non-Ledger Assets. 
Interest accrued : — 
On bonds, $7,433 . 33 ; other assets, $107 . 56, . 
Market value of bonds over book value, . 

Gross assets, ...... 

Liabilities. 
Unpaid losses, .... 
Unearned premiums on outstanding risks, 
Taxes accrued, .... 

All liabilities, except surplus, . 

Surplus, ..... 

Total liabilities, . . 

Risks and Premiums. 

Amount. 

Risks outs'ding Dec. 31, 1905, $64,721,535 00 
Risks written during 1906, . 74,125,400 00 



$532,405 67 

37,780 75 

6,088 91 

$576,275 33 



7,540 89 
1,944 33 

$585,760 55 



$1,043 47 

273,643 94 

2,090 41 

$276,777 82 

308,982 73 

$585,760 55 



Cash Prem's. Conting't Prem's. 

$512,137 52 $2,560,687 60 
576,289 58 2,881,447 90 



Total, . . . $138,846,935 00 

Risks expired and terminated, 68,824,864 00 



,088,427 10 
541,139 23 



55,442,135 50 
2,705,696 15 



In force at end of year, 



$70,022,071 00 $547,287 87 $2,736,439 35 



Miscellaneous. 
Losses incurred during the year, ...... 

Profits or surplus returned during 1906, 92.3 per cent. 

Schedule A. Bonds owned by the Company. 



Municipal Bonds. 
Boston, Mass., 4s, 1913, .... 
Cleveland, O., 4s, 1923, .... 
Newport, R. I., 4s, 1923, .... 
Taunton, Mass., 4s, 1922, .... 

Railroad Bonds. 
Atchison, Topeka & Santa Fe, gen. mtge.4s, 1995, 
Boston & Lowell 4s, 1907, 
Boston & Lowell 4s, 1909, 
Boston & Maine 4s, 1942, 
Boston & Providence 4s, 1918, 
Canada Southern 5s, 1908, 
Chic, Burlington & Quincy (Neb. Ext.) 4s, 1927 
Concord & Montreal 4s, 1920, . 
Erie (Pennsylvania collateral) 4s^ 1951, 
Lake Shore ~& Michigan Southern 4s, 1928, 
Long Island guar, refunding 4s, 1949, 
N. Y. Central & Hudson River 4s, 1934, 
N. Pac.-Gt. Northern (C, B. & Q.) joint 4s, 1921 
Old Colony 4s, 1938, .... 

Philadelphia, Wilmington & Baltimore 4s, 1932, 
Pittsburg, Bessemer & Lake Erie 5s, 1947, 



Book Value. 

$40,000 00 
25,000 00 
20,000 00 
15,000 00 

19,897 50 
20,000 00 
10,000 00 
10,000 00 
20,000 00 

5,000 00 
15,000 00 
15,000 00 

9,528 50 
29,850 00 
19,850 00 
24,844 00 
29,308 17 
30,900 00 
19,800 00 
22,040 00 



Rate. 
lOOf 
lOlf 
104* 
102$ 

100 
100 
100 
103f 

ioh 

100 
102 
101£ 

89f 

98 

99 

97| 

96| 
103| 
102* 
115 



128,482 00 



Market Value. 

$40,300 00 

25,437 50 

20,850 00 

15,431 25 

20,000 00 
20,000 00 
10,000 00 
10,375 00 
20,300 00 

5,000 00 
15,300 00 
15,187 50 

8,975 00 
29,400 00 
19,800 00 
24,406 25 
29,062 50 
31,087 50 
20,500 00 
23,000 00 



26 



FITCHBURG MUTUAL FIRE INSURANCE CO. 



Union Pacific 4s, 1947, .... 
West End Street 4£s, 1914, 
West End Street 4s, 1915, 
West End Street 4s, 1917, 

Miscellaneous Bonds. 
American Telephone & Telegraph Co. 4s, 1929, 
American Telephone & Telegraph Co. 5s, 1907, 



Book Value. 
$20,675 00 
36,175 00 
20,600 00 
14,906 25 

19,031 25 
20,000 00 

$532,405 67 



Rate. 
102 
103J 
100| 
101 

90 
99* 



Market Value. 

$20,400 00 

36,312 50 

20,175 00 

15,150 00 

18,000 00 
19,900 00 

$534,350 00 



FITCHBURG MUTUAL FIRE INSURANCE COMPANY, FITCHBURG. 

Incorporated March 23, 1847. Commenced business Sept. 1, 1847. 
HENRY G. MORSE, President. LINCOLN R. WELCH, Secretary. 

Amount of permanent fund, . $106,226 50 

Income. 

Net premiums, $111,096.15; extra premiums, $849.74, . . $111,945 89 
Interest on mortgage loans, $1,218.47; collaterals, $715; stocks 

and bonds, $3,975.68, 5,909 15 

Rents, including company's own occupancy, . . . . 5,678 50 

Profit on sale or maturity of ledger assets, .... 3,900 00 

Dividends, return premiums and commissions on reinsurance, . 2,575 25 



Total income, ....... 

Ledger assets, Dec. 31, 1905, . ... 

Total, 

Disbursements. 
Net amount paid for losses, . . . . 

Profits on terminated policies, .... 

Commissions or brokerage, ..... 
Salaries, fees, etc., of officers and employees, 
Rents, including company's own occupancy, 
Repairs and expenses on real estate, 
Real estate taxes, $1,208.67; other taxes and fees, $2,063 
Reduction in book value of real estate, 
Borrowed money repaid, ..... 

All other disbursements, ..... 

Total disbursements, . . . - . 



Balance, 



55, 



$130,008 79 
201,424 39 

$331,433 18 



$41,040 71 
33,914 46 
17,463 04 
8,016 50 
1,200 00 
3,616 33 
3,272 22 
1,000 00 
4,000 00 
8,552 72 

$122,075 98 

$209,357 20 



Ledger Assets. 



Real estate, $72,000; mortgages, $22,293.25, 

Loans secured by collateral (schedule A), 

Stocks and bonds (schedule B), 

Cash in banks and office, 

Agents' balances, ..... 

Total ledger assets, 

Non-Ledger Assets. 
Interest due and accrued : — 
On mortgages, $318.73; stocks and bonds, $332.50; collateral 
loans, $186.05; other assets, $227.50, 



,293 25 

12,800 00 

82,924 12 

6,364 29 

12,975 54 

$209,357 20 



1,064 78 



FITCHBURG MUTUAL FIKE INSURANCE CO. 



27 



Rents due on company's property, 

Market value of real estate over book value, 

Market value of stocks and bonds over book value, 



$323 00 
1,000 00 
8,650 26 



Gross assets, 



Liabilities. 



Unpaid losses, $1,742.25; less reinsurance, $157.37, . 

Unearned premiums on outstanding risks, 

Interest due or accrued, ...... 

Dividends due policy holders, .... 

Salaries and other miscellaneous expenses, due or accrued, 
Borrowed money, ....... 



All liabilities, except surplus, . 
Surplus, .... . . 

Total liabilities, . ... 

Risks and Premiums. 

Amount. 

Risks outs'ding Dec. 31, 1905, $20,487,125 00 



$220,395 24 

$1,584 88 

148,377 64 

108 85 

4,898 17 

874 89 

16,450 00 

$172,294 43 
48,100 81 

$220,395 24 



Risks written during 1906, 

Total, . 
Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, 

Net amount in force, 



8,146,171 00 

$28,633,296 00 
7,178,981 00 

$21,454,315 00 
713,085 00 



Cash Prem's. Conting't Prem's. 

$284,726 72 $284,726 72 
119,976 12 119,976 12 



$404,702 84 $404,702 84 
106,658 03 106,658 03 



$298,044 81 $298,044 81 
11,077 97 11,077 97 



$20,741,230 00 $286,966 84 



Miscellaneous. 
Losses incurred during the year, ...... 

Profits or surplus returned during 1906, 20, 40 and 50 per cent. 

Schedule A. Securities held as Collateral. 

Company's 
Market Value. 

. $6,000 00 
6,000 00 
7,500 00 
1,600 00 

$21,100 00 



$286,966 84 
$38,519 00 



40 shares Simonds Manufacturing Co., 
40 " Simonds Manufacturing Co., 
50 " Grant Yarn Co., 
Fitchburg Savings Bank book, . 



Loaned 
Thereon. 

$3,200 00 
3,000 00 
5,000 00 
1,600 00 

$12,800 00 



Schedule B. Stocks and Bonds 

Railroad Stocks. 
10 shares Boston & Maine, 
70 " Fitchburg, pref., 

50 " New York, New Haven & Hartford, 
50 " Pennsylvania, .... 

Bank Stocks. 
10 shares Fitchburg National, . 
20 " Fitchburg Safe Deposit & Trust, . 
15 " Springfield Safe Deposit & Trust, 

Miscellaneous Stocks. 
50 shares American Telephone & Telegraph Co., 
25 " Lowell Gas Light Co., 
75 " The Pullman Co., 

Railroad Bonds. 
Fitchburg 4s, 1907, . 
Fitchburg & Leominster Street 5s, 1917, 



OWNED BY THE COMPANY. 



Book Value. 

$2,000 00 
7,930 00 
7,340 50 
3,440 62 

1,000 00 
3,000 00 
1,500 00 

6,533 50 

5,476 00 

10,956 00 

5,012 50 
5,000 00 



Rate. 
161 
133 
190i 
138| 

142 
150 
200 

133£ 
250 

182 

100 
107 



Market Value. 

$1,610 00 

9,310 00 

9,525 00 

3,459 38 

1,420 00 
3,000 00 
3,000 00 

6,675 00 

6,250 00 

13,650 00 

5,000 00 
5,350 00 



28 GROVEL AND MUTUAL FIRE INSURANCE CO. 

Book Value. Rate. Market Value. 

Northern Pacific 4s, 1997, .... $10,450 00 102 $10,200 00 

Southern Pacific of New Mexico 6s, 1911, . . 3,247 50 105 3,150 00 

Worcester Consolidated Street 5% note, . . 5,000 00 100 5,000 00 

Miscellaneous Bonds. 

American Telephone & Telegraph Co. 5s, 1907, . 5,037 50 99£ 4,975 00 



,924 12 $91,574 38 



GROVELAND MUTUAL FIRE INSURANCE COMPANY, GROVELAND. 

Incorporated March 8, 1828. Commenced business March 28, 1828. 
EDWARD HARRINGTON, President. LOUIS A. WOODBURY, Secretary. 

[Note. — This company relies upon assessments on deposit notes to pay losses and expenses.] 

Income. 
Interest on bank deposit, ...... 

Policy fees, . . . . . 

Assessments, . . • . . . .' . 

Total income, ........ 

Ledger assets, Dec. 31, 1905, . . ... 

Total, 

Disbursements. 
Net amount paid for losses, ...... 

Salaries, fees, etc., of officers and employees, 

Rents, ......... 

Taxes and fees, ........ 

All other disbursements, ...... 

Total disbursements, ...... 

Balance, ......... 

Ledger Assets. 
Cash in banks, ........ 

Non-Ledger Assets. 
Furniture, fixtures and all supplies, ..... 

Gross assets, ........ 

Assets not admitted. 
Furniture, fixtures and all supplies, .... 

Total admitted assets, ...... 

Liabilities. 
Salaries and other miscellaneous expenses, due or accrued, 

Risks and Premiums. 

Amount. Conting't Prem's. 

Risks outstanding Dec. 31, 1905, . . . $1,733,772 00 $140,537 99 
Risks written during 1906, 368,691 00 29,627 00 



$7 50 
305 00 
587 93 


$900 43 
848 23 


$1,748 66 


$358 50 

945 28 

50 00 

12 28 

280 13 


$1,646 19 


$102 47 


$102 47 


350 00 


$452 47 


350 00 


$102 47 


$185 00 



Total, $2,102,463 00 $170,164 99 

Risks expired and terminated, . . . 355,075 00 27,976 00 

In force at end of year, $1,747,388 00 $142,188 99 



HAMPSHIRE MUTUAL FIRE INSURANCE CO. 



29 



Miscellaneous. 
Losses incurred during the year, . 
Assessments laid on deposit notes or contingent premiums, 



$358 00 
588 00 



HAMPSHIRE MUTUAL FIRE INSURANCE COMPANY, NORTHAMPTON. 

Incorporated March 6, 1830. Commenced business July 1, 1832. 
CHARLES N. CLARK, President. OLIVER WALKER, Secretary. 



Amount of permanent fund, ...... 

Income. 

Net premiums, $18,317.54; extra premiums, $42.53, 
Interest on mortgage loans, $1,240; stocks and bonds, $1,115, 
all other, $120.81, 

Total income, ....... 

Ledger assets, Dec. 31, 1905, . . . . . 

Total, 

Disbursements. 
Net amount paid for losses, ..... 

Profits on terminated policies, .... 

Commissions or brokerage, ..... 

Salaries, fees, etc., of officers and employees, 

Rents, ........ 

Taxes and fees, . . 

All other disbursements, ..... 

Total disbursements, . . 

Balance, ....... 

Ledger Assets. 
Mortgages, ........ 

Stocks and bonds (schedule A), 

Cash in banks and office, ..... 

Agents' balances, . . . . 

Total ledger assets, ..... 

Non-Ledger Assets. 
Interest accrued : — 
On mortgages, $409.13; bonds, $425.42; other assets, $51.95, 
Market value of stocks and bonds over book value, . 
Furniture and supplies, ...... 



Gross assets, . 

Furniture and supplies, . 
Total admitted assets, 



Assets not admitted. 



$27,523 66 

$18,360 07 
2,475 81 

$20,835 88 
47,306 61 



• 


$68,142 49 


• 


$6,315 12 

6,868 43 

2,413 88 

1,763 50 

150 00 




164 24 


• 


435 69 


• 


$18,110 86 


• 


$50,031 63 


• 


$24,800 00 

17,697 60 

6,892 44 

641 59 


• 


$50,031 63 


1.95, . 


886 50 


, 


12,044 90 


• 


600 00 




$63,563 03 




600 00 




$62,963 03 



30 



HINGHAM MUTUAL FIRE INSURANCE CO. 



Liabilities. 

Unearned premiums on outstanding risks, 

Dividends due policy holders, 

Salaries and other miscellaneous expenses, due or accrued, 

All liabilities, except surplus, . 
Surplus, . . . . . . 



Total liabilities, 



Risks outs'ding Dec. 31, 1905, 
Risks written during 1906, 



$31,061 80 

269 65 

51 56 

$31,383 01 
31,580 02 

$62,963 03 



Risks and Premiums. 

Amount. 

$3,801,312 00 
1,173,053 00 



Cash Prem's. Conting't Prem's. 

$58,414 94 $58,414 94 
18,754 97 18,754 97 



Total, . . ' . 

Risks expired and terminated, 

In force at end of year, . 



$4,974,365 00 
1,090,779 00 

$3,883,586 00 



$77,169 91 
17,492 59 

$59,677 32 



Miscellaneous. 
Losses incurred during the year, . 
Profits or surplus retained during 1906, 20, 40 and 50 per cent. 



$77,169 91 
17,492 59 

$59,677 32 
$6,315 00 



Schedule A. Stocks and Bonds owned by the Company. 



Railroad Stocks. 
63 shares Connecticut River, .... 

Bank Stocks. 
10 shares Northampton National, 

Railroad Bonds. 
No. Pac.-Gt. Northern (C, B. & Q. col.) 4s, 1921, 
Pennsylvania Steel equipment 3^s, 1907, 
West End Street 4s, 1932, .... 



Book Value. 
$6,650 00 

1,100 00 

6,000 00 
2,885 10 
1,062 50 

$17,697 60 



Rate. 

285 

200 

963 

98J 
102 



Market Value. 
$17,955 00 

2,000 00 

5,812 50 
2,955 00 
1,020 00 



,742 50 



HINGHAM MUTUAL FIRE INSURANCE COMPANY, HINGHAM. 

Incorporated March 4, 1826. Commenced business Sept. 1, 1826. | 

FRANCIS H. LINCOLN, President. HENRY W. CUSHING, Secretary. 

Amount of permanent fund, ....... $193,042 98 

Income. 

Net premiums, $107,671.17; extra premiums, $1,289.88, . . $108,961 05 

Interest on mortgage loans, $4^117.34; collaterals, $1,550; stocks 

and bonds, $7,266.69; allother, $542.76, .' . . . 13,476 79 



Rents, including company's own occupancy, 

Total income, . . . . 

Ledger assets, Dec. 31, 1905, <, 

Total, . . . 

Disbursements. 
Net amount paid for losses, .... 
Profits on terminated policies, . . , 

Commissions or brokerage, .... 
Salaries, fees, etc., of officers and employees, 



1,200 00 



$123,637 84 
308,476 26 

$432,114 10 



$32,955 79 

50,108 33 

15,816 03 

7,279 69 



HINGHAM MUTUAL FIRE INSURANCE CO. 



31 



Rents, including company's own occupancy, .... 
Repairs and expenses on real estate, 

Real estate taxes, $357.86; other taxes and fees, $1,128.20, 
Loss on sale or maturity of ledger assets, .... 

Reduction in book value of real estate, ..... 
Reduction in book value of stocks and bonds, .... 
All other disbursements, . . . . . 

Total disbursements, ....... 

Balance, 

Ledger Assets. 

Real estate, $18,200; mortgages, $79,800, . 

Loans secured by collateral (50 shares General Electric Co., 50 
shares Atchison, Topeka & Santa Fe), ..... 

Stocks, bonds, etc. (schedule A), 

Cash in banks and office, ....... 

Agents' balances, ......... 

Total ledger assets, ....... 

Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $878.37; bonds, $1,575.07; collateral loans, 

$460.91, 

Rents due on company's property, . . . . . 

Market value of real estate over book value, . . 

Market value of stocks and bonds over book value, . 

Gross assets, ......... 

Liabilities. 
Unpaid losses, . . . . 

Unearned premiums on outstanding risks, .... 

Dividends due policy holders, ...... 

All liabilities, except surplus, ...... 

Surplus, .......... 

Total liabilities, 



$700 
115 


00 
20 


1,486 

75 


06 
00 


1,100 


00 


4,200 
3,581 


00 
96 


$117,418 06 


$314,696 04 


$98,000 00 


10,000 


00 


196,568 25 
5,708 98 


4,418 


81 


$314,696 04 



2,914 35 

100 00 

900 00 

27,922 50 


$346,532 89 


$2 69 

209,560 82 

1,370 07 



Risks and Premiums. 

Amount. 

Risks outst'ding Dec. 31, 1905, $27,399,195 00 



Risks written during 1906, 

Total, . . . . 

Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, 

Net amount in force, 



7,325,810 00 

$34,725,005 00 
6,698,926 00 

$28,026,079 00 
19,000 00 



Cash Prem's. 

$413,341 01 
113,110 37 

$526,451 38 
101,344 15 

$425,107 23 
324 12 



$210,933 58 
135,599 31 

$346,532 89 



Conting't Prem's. 

$413,341 01 
113,110 37 

$526,451 38 
101,344 15 

$425,107 23 



$28,007,079 00 $424,783 11 



Miscellaneous. 
Losses incurred during the year, ..... 
Profits or surplus returned during 1906, 20, 40 and 60 per cent. 



$32,853 00 



32 



HOLYOKE MUTUAL FIRE INSURANCE CO. 



Schedule A. Stocks, Bonds, etc., 

Railroad Stocks. 
109 shares Boston & Albany, • . 

40 " Boston Elevated, 
92 " Old Colony, .... 
25 " Union Pacific, preferred, . 

Bank Stocks. 
30 shares Hingham National, . 

11 " National Bank of Commerce, Boston, 

12 " National Union, Boston, . 
60 " Old Colony National, Plymouth, 
22 " Webster-Atlas National, Boston, 

Miscellaneous Stocks. 
200 shares Helena Water Works, 
62 " Hingham Water Co., 
50 " United Shoe Machinery Corp., pref., 

Municipal Bonds. 
Chicago, 111., 4s, 1923, .... 

Railroad Bonds. 
Boston, Revere Beach & Lynn 4^s, 1927, . 
Chicago, Burlington & Quincy 3^s, 1949, 
Illinois Central 4s, 1952, .... 
Lake Shore & Michigan Southern 4s, 1928, 
New York, New Haven & Hartford 4s, 1955, 
No. Pac. Gt. Northern (C, B. & Q. coll.) 4s, 1921 
Union Pacific 4s, 1947, .... 
Wabash equipment 4-Js. 1916, . 

Miscellaneous Bonds, etc. 
American Telephone & Telegraph Co. 4s, 1929, 
American Woolen Co. 5% note, 
Arnold Print Co. 6% note, 
Helena Water Works Co'. 4s, 1928, 
Hingham Water Co. 5s, 1923, . 
Hingham Water Co. 5s, 1925, 



OWNED BY THE COMPANY. 



Book Value. 


Rate. 


Market Value. 


$10,900 


00 


239^ 


$26,105 50 


5,900 


00 


151 


6,040 00 


9,200 


00 


198 


18,216 00 


2,500 


00 


94 


2,350 00 


3,000 


00 


112* 


3,375 00 


1,100 


00 


156 


1,716 00 


6,000 


00 


178 


10,680 00 


1,200 


00 


110 


1,320 00 


2,480 


00 


148 


3,256 00 


! 6,200 


00 


120 


7,440 00 


1,525 


00 


112* 


1,406 25 


5,193 


75 


101i 


5,062 50 


5,350 


00 


107* 


5,375 00 


9,612 


50 


92 


9,200 00 


20,000 


00 


102 


20,400 00 


10,037 


50 


98 


9,800 00 


5,062 


50 


•101* 


5,062 50 


L, 7,000 


00 


961 


6,781 25 


5,000 


00 


102 


5,100 00 


6,727 


00 


96| 


6,746 25 


16.580 


00 


90 


14,458 50 


25,000 


00 


100 


25,000 00 


10,000 


00 


100 


10,000 00 


10,000 


00 


40 


8,600 00 


5,000 


00 


100 


5,000 00 


6,000 


00 


100 


6,000 00 


$196,568 


25 


$224,490 75 



HOLYOKE MUTUAL FIRE INSURANCE COMPANY, SALEM. 

Incorporated March 14, 1843. Commenced business May 23, 1843. 
CHARLES H. PRICE, President. LOUIS O. JOHNSON, Secretary. 

Guakanty Capital, $100,000. 

Amount of permanent fund, ........ $557,878 69 

Income. 

Net premiums, $184,827 42 

Interest on mortgage loans, $2,715.83; stocks and bonds, $35-, 

654.09; all other, $333.16, 38,703 08 

Rents, including company's own occupancy, .... 4,810 00 

Profit on sale or maturity of ledger assets, .... 8,621 25 

Dividends on reinsurance, . . . . . . . ' 1,714 12 



Total income, 
Ledger assets, Dec. 31, 1905, 

Total, . 



Net amount paid for losses, 
Profits on terminated policies, 
Commissions or brokerage, 



Disbursements. 



$238,675 87 
881,429 48 

1,120,105 35 



$45,724 48 
71,154 80 
27,787 23 



HOLYOKE MUTUAL FIRE INSURANCE CO. 



Salaries, fees, etc., of officers and employees, . 

Rents, including company's own occupancy, 

Repairs and expenses on real estate, 

Real estate taxes, 614.20; other taxes and fees, 

Loss on sale or maturity of ledger assets, 

Dividends on guaranty capital, 

All other disbursements, 

Total disbursements, 



!,207.96, 



Balance, 



Ledger Assets. 



Real estate, $45,000; mortgages, $54,000, 

Stocks and bonds (schedule A), 

Cash in banks and office, ..... 

Agents' balances, ....... 

Total ledger assets, ..... 

Non-Ledger Assets. 
Interest accrued : — 
On mortgages, $457 . 54 ; bonds, $9,850 .16, 
Rents accrued on company's property, 
Market value of stocks and bonds over book value, . 

Gross assets, ....... 

Liabilities. 

Unpaid losses, $1,360.07; less reinsurance, $2.75, 
Unearned premiums on outstanding risks, 
Dividends due policy holders, .... 

Due for return premiums, . . . 

All liabilities, except guaranty capital and surplus, 
Guaranty capital, ....... 

Surplus over guaranty capital and general liability, . 

Total liabilities, . . . 

Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outs'ding Dec. 31, 1905, $40,316,891 00 $586,047 20 $586,047 20 
Risks written during 1906, . 13,308,924 00 202,093 59 202,093 59 



co. 33 


$21,059 76 


1,500 00 


1,533 01 


2,822 16 


4,925 75 


7,000 00 


8,117 28 


. $191,624 47 


. $928,480 88 


$99,000 00 


790,164 00 


19,332 40 


19,984 48 


. $928,480 88 


10,307 70 


790 00 


69,135 68 


. $1,008,714 26 


$1,357 32 


312,325 03 


11,310 84 


1,224 14 


. $326,217 33 


100,000 00 


582,496 93 


. $1,008,714 26 



Total, . . $53,625,815 00 

Risks expired and terminated, 11,473,878 00 



,140 79 $788,140 79 
169,445 87 169,445 87 



In force at end of year, . 
Amount reinsured, 



$42,151,937 00 
1,192,224 00 



$618,694 92 $618,694 92 
19,518 97 



Net amount in force, . $40,959,713 00 $599,175 95 

Miscellaneous. 
Losses incurred during the year, ...... 

Profits or surplus returned during 1906, 20, 40 and 60 per cent. 



$45,809 00 



34 



HOLYOKE MUTUAL FIRE INSURANCE CO. 



Schedule A. Stocks and Bonds owned by the Company. 

Railroad Stocks. 
50 shares Boston & Maine, . ' 
31 " Old Colony, .... 
100 " Pittsburg, Ft. Wayne & Chicago, 
162 " Union Pacific, preferred, . 
25 " West End Street, 

Bank and Trust Company Stocks. 

30 shares Atlantic National, Boston, 
10 " Beverly National, 
10 " First National, Salem (liquidating), 

31 " Freemans National, Boston, 
35 " Mercantile National, Salem, 

100 " Merchants National, Boston, 

10 " Merchants National, Salem, 

50 " National Republic, Boston, 

20 " Naumkeag National, Salem, 

10 " National Shawmut, Boston, 

93 " Salem National, Salem, 
100 " Second National, Boston, . 
Miscellaneous Stocks. 

20 shares H. B. Claflin Co., N. Y., first preferred, 

15 " Edison Electric Ilium. Co., Boston, 
State, County and Municipal Bonds. 
Allen County, Ind., 4s, 1909, 
Boston, Mass., 3*s, 1928, . 
Cambridge, Mass., 4s, 1924, 
Columbus, Ohio, 5s, 1910,. 
Evansville, Ind., 4*s, 1912, 
Everett, Mass., 4s, 1923, . 
Everett, Mass., 4s, 1933, . 
Jersey City, N. J., 5s, 1916, 
Jersey City, N. J., 5s, 1922, 
Johnston, R. I., 4s, 1907, . 
Lawrence, Mass., 4s, 1923, 
Lynn, Mass., 4s, 1918, 
Maiden, Mass., 4s, 1907, . 
Marion County, Ind., 5s, 1908, 
Massachusetts 3*s, 1936, . 
Orange, N. J., 5s, 1920, . 
Pawfcucket, R. I., 4s, 1923, 
Pawfcucket, R. I., 4s, 1944, 
Quebec, Province of, 5s, 1908, 
Quincy, Mass., 3.65s, 1911, 
Salem, Mass., 3*s, 1917, . 
Salem, Mass., 3*s, 1918, . 
Salem, Mass., 4s, 1925, 
Salem, Mass., 4s, 1926, 
Salem, Mass., 4s, 1927, 
Salem, Mass., 4s, 1928, 
St. Paul. Minn., 5s, 1913, . 
St. Paul, Minn., 4*s, 1917, 
St. Paul, Minn., 4*s, 1918, 
Taunton, Mass., 4s, 1915, 
Waltham, Mass., 4s, 1913, 
Wayne County, Mich., 4s, 1910, 
Woonsocket, R. I., 4s, 1923, 

Railroad Bonds 
Atchison, Topaka & Santa Fe adjust. 4s, 1995, 
Atchison, Topeka & Santa Fe gen. mort. 4s, 1995 
Baltimore & Ohio prior lien 3*s, 1925, 
Baltimore & Ohio 4s, 1948, 
Boston & Lowell 4s, 1918, 
Boston & Maine 4s, 1926, 

Burlington & Missouri River in Nebraska 4s, 1910 
Canada Southern 5s, 1908, 
Central of New Jersey 5s, 1987, 
Central Pacific 1st refunding mortgage 4s, 1949, 
Central Pacific 3*s, 1929, . 



Book Value. 


Rate. 


Market Value. 


$5,000 


00 


161 


$8,050 00 


3,100 


00 


198 


6,138 00 


10,000 


00 


173 


17,300 00 


16,200 


00 


94 


15,228 00 


1,250 


00 


184 


2,300 00 


3,000 


00 


143 


4,290 00 


1,000 


00 


150 


1,500 00 


500 


00 


25 


125 00 


3,100 


00 


117 


3,627 00 


3,500 


00 


103 


3,605 00 


10,000 


00 


210 


21,000 00 


500 


00 


160 


800 00 


5,000 


00 


164 


8,200 00 


2,000 


00 


151 


3,020 00 


1,000 


00 


275 


2,750 00 


9,300 


00 


80 


7,440 00 


10,000 


00 


225 


22,500 00 


2,000 


00 


95 


1,900 00 


1,500 


00 


227* 


3,412 50 


10,000 


00 


100 


10,000 00 


5,000 


00 


96| 


4,818 75 


5,000 


00 


103| 


5,156 25 


10,000 


00 


102f 


10,275 00 


6,000 


00 


102 


6,120 00 


5,214 


00 


103 


5,370 42 


5,000 


00 


104 


5,200 00 


5,000 


00 


107 


5,350 00 


3,000 


00 


HOf 


3,322 50 


5,000 


00 


100 


5,000 00 


5,000 


00 


103 


5,150 00 


8,000 


00 


102| 


8,180 00 


10,000 


00 


100 


10,000 00 


5,000 


00 


100* 


5,025 00 


5,000 


00 


101 


5,050 00 


10,000 


00 


110* 


11,050 00 


10,000 


00 


101* 


10,150 00 


5,000 


00 


102* 


5,125 00 


7,000 


00 


100* 


7,035 00 


10,000 


00 


99| 


9,937 50 


3,000 


00 


98 


2,940 00 


2,000 


00 


97f 


1,955 00 


500 


00 


103* 


516 25 


2,500 


00 


103| 


2,584 38 


2,500 


00 


103* 


2,587 50 


500 


00 


103f 


518 13 


10,000 


00 


106 


10,600 00 


5,000 


00 


105f 


5,287 50 


10,000 


00 


106* 


10,612 50 


3,000 


00 


lOlf 


3,052 50 


2,000 


00 


101* 


2,030 00 


10,000 


00 


101 


10,100 00 


5,000 


00 


101* 


5,075 00 


5,000 


00 


91f 


4,587 50 


9,000 


00 


100 


9,000 00 


10,500 


00 


92* 


9,686 25 


1,500 


00 


lOOf 


1,511 25 


5,000 


00 


101f 


5,087 50 


15,000 


00 


102| 


15,412 50 


>, 10,000 


00 


99* 


9,950 00 


5,000 


00 


100 


5,000 00 


7,000 


00 


126 


8,820 00 


3,000 


00 


98^ 


2,966 25 


500 


00 


85| 


426 25 



HOLYOKE MUTUAL FIRE INSURANCE CO. 



35 



Central Vermont 4s, 1920, 
Chesapeake & Ohio 6s, 1908, 
Chicago, Burlington & Quincy 5s, 1913, 
Chicago, Burlington & Quincy (Neb. ext.) 4s, 1927 
Chicago, Burl. & Quincy (111. div.) 3*s, 1949, 
Chicago & Eastern Illinois 6s, 1907, . 
Chicago & Western Indiana 6s, 1932, 
Cincinnati, Hamilton & Dayton 5s, 1942, 
Cleveland Electric 5s, 1913, 
Cleveland, Lorain & Wheeling 5s, 1933, 
Delaware & Hudson Canal 7s, 1917, . 
Erie & Pittsburg 3*s, 1940, 
Erie (Pennsylvania collateral) 4s, 1951, 
Fitchburg 4s, 1916, .... 
Hocking Valley equipment 4*s, 1908, . 
Housatonic 5s, 1937, 
Illinois Central 4s, 1950, . 
Illinois Central purchased lines 3*s, 1952, 
Kansas City, Ft. Scott & Memphis 6s, 1928, 
Kansas City, St. Joseph & Council Bluff 7s, 1907, 
Lake Shore & Michigan Southern 4s, 1928, 
Lehigh Valley 6s, 1923, .... 
Long Island refunding mortgage 4s, 1949, . 
Me. Cent. (European & No. Amer. branch) 4s, 1933 
Narragansett Pier 4s, 1916, 
New England 5s, 1945, 
New Haven & Derby 5s, 1918, . 
New York Central & Hudson River 3*s, 1997, 
N. Y. Cent. & H. R. (Mich. Cen. coll.) 3*s, 1998, 
N. Y. Cent. & H. R. (Lake Sh. coll.) 3*s, 1998, 
N.Y., N.H. & H. (Harlem R.-Pt. Chester) 4s, 1954 
New York, New Haven & Hartford 3*s, 1956, 
New York, New Haven & Hartford note 5s, 1908, 
New York, Ontario & Western 4s, 1992, 
Northern Pac.-Gt. Nor. (C. B. & Q. coll.) 4s, 1921 
North Western Union 7s, 1917, 
Norwich & Worcester 4s, 1927, 
Old Colony 4s, 1924, 
Old Colony 4s, 1925, 
Oregon Short Line 4s, 1929, 
Pennsylvania Co. 3*s, 1916, 
Pennsylvania Steel equipment trust 3*s, 1911, 
Pennsylvania Steel equipment trust 3*s, 1912, 
Peoria & North Western 3*s, 1926, 
Princeton & Northwestern 3*s, 1926, 
Richmond-Washington 4s, 1943, 
Schenectady 4*s, 1941, 
Seattle Electric 5s, 1930, . 
St. Paul, Minneapolis & Manitoba 4*s, 1933, 
Terminal Association of St. Louis 4*s, 1939, 
Terre Haute & South Eastern 7s, 1909, 
Third Avenue, N. Y., 4s, 2000, . 
Union Pacific 4s, 1947, .... 
West End Street, Boston, 4s, 1915, 
Miscellaneous Bonds. 
American Cotton Oil Co. 4*s, 1915, 
American Mail Steamship Co. 6s, 07-8, 
American Telephone & Telegraph Co. 4s, 1929, 
Boston Building, Denver, Col., 6s, 1908, 
Clinton Water Works Co., Clinton, la., 5s, 1939, 
Hudson River Power Transmission Co. 5s, 1928, 
Keokuk Water Works Co., Keokuk, la., 6s, 1907 
Salem Electric Lighting Co. 4s, 1911, 
Western Union Telegraph Co. 5s, 1938, 
Woonsocket Elec. Machine & Power Co. 4*s, 1943, 



Book Value. 

$2,000 00 

10,000 00 

10,000 00 
5,000 00 
5,000 00 
5,000 00 
8,000 00 

10,000 00 
2,000 00 

15,000 00 
5,000 00 
5,000 00 
5,000 00 

10,000 00 
5,000 00 

10,000 00 
3,000 00 
5,000 00 

13,000 00 
5,000 00 
5,000 00 
5,000 00 
5,000 00 
4,000 00 

10,000 00 

25,000 00 

20,000 00 
3,000 00 
3,000 00 
5,000 00 
5,000 00 
9,000 00 

10,000 00 

20,000 00 
5,000 00 
8,000 00 
5,000 00 

10,000 00 
5,000 00 
5,000 00 
1,000 00 
1,000 00 
4,000 00 
8,000 00 
6,000 00 
5,000 00 
5,000 00 
2,000 00 

12,000 00 
6,000 00 
5,000 00 
2,000 00 

22,500 00 
3,000 00 

10,000 00 
1,000 00 
5,000 00 

10,000 00 
5,000 00 
2,000 00 

10,000 00 
2,000 00 
5,000 00 
3,000 00 

$790,164 00 



Rate. 

86 
101* 
103 
102 

'91f 
100 
112 
106 
100 
112* 
127* 

96 

89f 
100f 

99i 
120 
108* 

91 
120 
100 

98 
121 

99 

99 
100 
121* 
108| 

93i 

85* 

86* 
104 
112 
100 
100 

961 
125* 
102f 
102* 
102* 

93* 

95+ 

95 

95 

94 

94 
102+ 
105 
104+ 
110" 
109 
104 

88 
102 
1001 

95* 
100 
90 
99 
95 
90 
97 
98 
103 
92+ 



Market Value. 

$1,720 00 

10,150 00 

10,300 00 

5,100 00 

4,587 50 

5,000 00 

8,960 00 

10,600 00 

2,000 00 

16,875 00 

6,375 00 

4,800 00 

4,487 50 

10,075 00 

4,962 50 

12,000 00 

3,247 50 

4,550 00 

15,600 00 

5,000 00 

4,900 00 

6,050 00 

4,950 00 

3,960 00 

10,000 00 

30,375 00 

21,750 00 

2,797 50 

2,565 00 

4,312 50 

5,200 00 

10,080 00 

10,000 00 

20,000 00 

4,843 75 

10,040 

5,137 

10,250 

5,125 

4,675 00 

955 00 

950 

3,800 

7,520 

5,640 

5,125 

5,250 

2,090 00 

13,200 00 

6,540 00 

5,200 00 

1,760 00 

22,950 00 

3,026 25 

9,550 00 
1,000 00 
4,500 00 
9,900 00 
4,750 00 
1.800 00 
9,700 00 
1,960 00 
5,150 00 
2,775 00 

$859,299 68 



00 
50 
00 
00 



00 
00 
00 
00 
00 
00 



36 



INDUSTRIAL MUTUAL INSURANCE CO. 



INDUSTRIAL MUTUAL INSURANCE COMPANY, BOSTON. 

Incorporated April 17, 1890. Commenced business June 1, 1890. gTj 

CHARLES T. PLUNKETT, President. BENJAMIN TAFT, Secretary. ~] 

Office, 31 Milk Street. |j 

Income. 
Net premiums, 



Interest on bonds, ..... 

Total income, ..... 

Ledger assets, Dec. 31, 1905, .... 

Total, 

Disbursements. 
Net amount paid for losses, .... 

Profits on terminated policies, . . 

Salaries, fees, etc., of officers and employees, 
Taxes and fees, ...... 

Reduction in book value of bonds, . 
Inspections, ....... 

All other disbursements, .... 

Total disbursements, .... 

Balance, ...... 

Ledger Assets. 
Bonds (schedule A), 

Cash in banks and office, .... 

Premiums in course of collection, 

Total ledger assets, ..... 

Non-Ledger Assets. 
Interest due and accrued on bonds, 

Gross assets, ...... 

Assets not admitted. 
Book value of bonds over market value, . 

Total admitted assets, .... 

Liabilities. 
Unpaid losses, ...... 

Unearned premiums on outstanding risks, 
Taxes, ....... 

All liabilities, except surplus, . 
Surplus, ....... 

Total liabilities, ..... 



$331,327 10 
9,343 49 

$340,670 59 
225,059 02 

$565,729 61 



$25,868 66 

232,997 26 

11,250 17 

4,009 54 

2,565 00 

3;i79 77 

11,939 81 

$291,810 21 

$273,919 40 



$239,000 00 

26,785 47 

8,133 93 

$273,919 40 

3,594 97 

$277,514 37 

3,537 50 

$273,976 87 



$14,279 58 

164,471 01 

1,003 12 

$179,753 71 
94,223 16 

$273,976 87 



LOWELL MUTUAL FIRE INSURANCE CO. 



37 



Risks and Premiums. 

Amount. 

Risks outs'ding Dec. 31, 1905, $33,785,071 00 
Risks written during 1906, . 40,085,073 00 



Cash Prem's. Conting't Prom's . 

308,419 68 $1,542,098 40 
353,977 79 1,769,888 95 



Total, .... $73,870,144 00 
Risks expired and terminated, 37,347,640 00 



$662,397 47 
333,455 45 



53,311,987 35 
1,667,277 25 



In force at end of year, 



$36,522,504 00 $328,942 02 $1,644,710 10 



Miscellaneous. 
Losses incurred during the year, ...... 

Profits or surplus returned during 1906, 75 per cent. 

Schedule A. Bonds owned by the Company. 

Rate. 

101 
100| 



State, County and Municipal Bonds 
Fall River, Mass., 3*s, 1915, 
Massachusetts 3*s, 1940, . 
Massachusetts 3*s, 1933, . 

Railroad Bonds. 
Boston Elevated 4s, 1935, 
Boston & Lowell 3*s, 1919, 
Boston & New York Air Line 4s, 1955, 
Fitchburg 4s, 1915, .... 
Lynn & Boston 5s, 1912, . 
Maine Central 4*s, 1916, . 
Maine Central 4s, 1912, 
Northern Maine Seaport 5s, 1935, 
No. Pac.-Gt. Northern (€., B. & Q. coll.) 4s, 1921, 
N. Y. Cent. & Hud. River (Lake Shore) 3|s, 1998, 
New York, New Haven & Hartford 4s, 1955, 
Richmond-Washington 4s, 1943, 

West End 4s, 1917, 

Miscellaneous Bonds. 
American Telephone & Telegraph Co. 4s, 1929, 
American Writing Paper Co. 5s, 1919, 
N. E. Telephone & Telegraph Co. 4s, 1930, . 
N. E. Telephone & Telegraph Co. 5s, 1919, . 
Western Union Telegraph Co. 4*s, 1950, 
Western Telephone & Telegraph Co. 5s, 1932, 



Book Value. 

$15,000 00 
9,000 00 
4,000 00 

3,000 00 

5,000 00 

3,000 00 
15,000 00 

5,000 00 

5,000 

3,000 
15,000 

1,000 
10,000 00 
15,000 00 

7,000 00 
10,000 00 

23,000 00 
20,000 00 
20,000 00 
19,000 00 
29,000 00 
3,000 00 

$239,000 00 



00 
00 
00 
00 



102 
97| 
102* 
100f 
103 
1031 
100* 
112 

86i 
101i 
102* 
101 

90 
87 
96 
106i 
99* 
99 



$39,505 00 



Market Value. 

$14,737 50 

9,090 00 

4,035 00 

3,060 00 

4,856 25 

3,075 00 
15,112 

5,150 

5,162 

3,015 

16,800 00 

968 75 

8,625 00 
15,187 50 

7,175 00 
10,100 00 



50 
00 
50 
00 



20,700 00 
17,400 00 
19,200 00 
20,187 50 
28,855 00 
2,970 00 

$235,462 50 



LOWELL MUTUAL FIRE INSURANCE COMPANY, LOWELL. 

Incorporated March 6, 1832. Commenced business April, 1832. 
CHARLES A. STOTT, President. JOSEPH PEABODY, Secretary. 

Amount of permanent fund, Dec. 31, 1905, .... $100,482 24 
Increase during the year, ..... . 6,208 02 

Permanent fund Dec. 31, 1906, $106,690 26 

Income. 

Net premiums, $58,436.74; extra premiums, $378.82, . . $58,815 56 
Interest on mortgage loans, $782.52; stocks and bonds, $6,- 

693.61; all other, $905.09, 8,38122 

Profit on sale of bonds, . . . . . . . . 118 75 

Profits from agency of secretary, ....... 3,645 85 



Total income, 



$70,961 38 



38 



LOWELL MUTUAL FIRE INSURANCE CO. 



Ledger assets, Dec. 31, 1905, ....... 

Total, . . ■ . . . . . . • . 

Disbursements. 
Net amount paid for losses, . . . . . . 

Profits on terminated policies, ...... 

Commissions or brokerage, ....... 

Salaries, fees, etc., of officers and employees, . . . . 

Rents, . . . ■ . . ' . 

Taxes and fees, . . . . . . . . 

Loss on sale or maturity of bonds, ...... 

All other disbursements, ....... 

Total disbursements, ........ 

Balance, . . . ... 

Ledger Assets. 
Mortgages, .......... 

Loans secured by collateral (3 shares American Telephone & Tele- 
graph Co., 1 share Interborough Rapid Transit), . 
Stocks and bonds (schedule A), 
Cash in banks and office, . 

Agents' balances, . . . . 

Total ledger assets, ....... 

Non-Ledger Assets. 
Interest due and accrued : — 
On mortgages, $158.18; bonds, $902.50, . . . . 

Market value of stocks and bonds over book value, . 

Gross assets, ......... 

Liabilities. 

Unearned premiums on outstanding risks, .... 

Dividends due policy holders, ....... 

Salaries and other miscellaneous expenses, due or accrued, 

Due for return premiums, ....... 

All liabilities, except surplus, . 
Surplus, .......... 

Total liabilities, ........ 



Risks and Premiums. 

Amount. 

Risks outs'ding Dec. 31, 1905, $10,205,405 00 



$190,681 


38 


$261,642 76 


$17,958 06 


21,083 


77 


8,823 


42 


8,023 


34 


650 00 


567 


66 


82 


50 


5,532 


90 


$62,721 


65 


$198,921 


11 


$10,350 00 


4,000 


00 


147,100 


00 


30,807 


99 


6,663 


12 


$198,921 


11 


1,060 


68 


19,151 


88 


$219,133 67 


$83,329 


54 


847 


71 


1,100 


00 


215 


72 



Risks written during 1906, 

Total, . 
Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, 

Net amount in force, 



3,729,169 00 

$13,934,574 00 
3,408,823 00 

$10,525,751 00 
157,847 00 



Cash Prem's. 

$162,981 93 

62,099 20 

$225,081 13 

56,405 76 

$168,675 37 

2,393 67 



1,492 97 
133,640 70 

$219,133 67 



Conting't Prem's. 

$162,981 93 
62,099 20 

$225,081 13 
56,405 76 

$168,675 37 



$10,367,904 00 $166,281 70 



LUMBER MUTUAL FIRE INSURANCE CO 



39 



Miscellaneous. ' 
Losses incurred during the year, ..... 
Profits or surplus returned during 1906, 20, 40 and 60 per cent. 



$15,731 00 



Schedule A. Stocks and Bonds owned by the Company. 



Railroad Stocks. 

20 shares Boston & Lowell, 

37 " Boston & Maine, 

71 " Lowell & Andover, . 
6 " Vermont & Massachusetts, 
Bank Stocks. 

16 shares Union National, Lowell, 
Miscellaneous Stocks. 

50 shares American Woolen Co., preferred, 

36 " Appleton Co., Lowell, 

70 " Bigelow Carpet Co., Lowell, 

25 " Franklin Co., Lewiston, Me., 
2 " Hamilton Mills, Lowell, 

30 " Hill Co., Lewiston, Me., . 

16 " Lawrence Co., Lowell, 

16 " Lowell Bleacherv, Lowell, 

46 " Lowell Gas Light Co., 

50 " Massachusetts Mills, Lowell, 
132 " Merrimack Mfg. Co., Lowell, common, 
2 " Pacific Mills, Lawrence, 
Municipal Bonds. 

Boston, Mass., 4s, 1923, 

Middletown, Conn., 3^s, 1921, . 
Sharon, Mass., 4s, 1923 and 1924, 
Railroad Bonds. 
Boston Elevated 4s, 1935, 
Boston & Lowell 4s, 1916, 
Boston & Lowell 4s, 1909, 
Boston & Lowell 4s, 1932, 
Boston & Maine 3*s, 1925, 
Boston & Maine 3*s, 1921, 
Central Vermont 4s, 1920, 
Chic, Burl. & Quincy (Illinois Division) 3*s, 1949, 
Chic, Burl. & Quincy (Illinois Division) 4s, 1949, 
Chic, Burl. & Quincy (Iowa Division) 4s, 1919, 
Fitchburg 4s, 1915, . . . 

Fitchburg 4s, 1925, . 

Illinois Central (St. Louis Division) 3*s, 1951, 
Lowell & Suburban Street 5s, 1911, . 
Maine Central 4s, 1912, . 
New York Central & Hudson River 3*s, 1997, 
New York, New Haven & Hartford 4s, 1955, 
Portland & Rumford Falls 4s, 1926, . 
Washington County 3*s, 1954, . 



Book Value. 

$2,000 00 

3,700 00 

7,100 00 

600 00 

1,600 00 

5,000 00 ' 
3,600 00 
7,000 00 
2,500 00 
2,000 00 
3,000 
1,600 
1,600 
4,600 
5,000 
13.200 



00 
00 
00 
00 
00 
00 



2,000 00 

2,000 00 
3,000 00 
2,000 00 



00 
00 
00 
00 
00 



10,000 00 
6,000 00 
4,000 
3,000 
1,000 
4,000 
1,000 
2,000 00 
2.000 00 
4,000 00 
7,000 00 
3,000 00 
3,000 00 
8,000 00 
6,000 00 
1,000 00 
5,000 00 
3,000 00 
1,000 00 

$147,100 00 



Rate. 

231 

161 

229 

171 

160 

101 

125| 

112 

1051 
67* 
41* 

140 

120 

250 
95 

44* 
300 

103 

96 

102* 

102 
101 
100 
103* 

96 

96f 

86 

91f 
1021 
100 
lOOf 

101* 
91 

102* 
100* 

93* 
101* 
100 

90 



Market Value. 

$4,620 00 

5,957 00 

16,259 

1,026 



00 
00 



2,560 00 

5,050 00 
4,527 00 
7,840 00 
2,628 '13 
1,350 00 
1,233 75 
2,240 00 
1,920 00 
11,500 00 
4,750 00 
5,923 50 
6,000 00 

2,060 00 
2,880 00 
2,050 00 

10,200 00 
6,060 00 
4,000 00 
3,097 

960 
3,870 

860 
1,835 
2,042 
4,000 
7,052 
3,045 
2,730 
8,200 
6,030 

932 
5,062 
3,000 

900 



50 
00 
00 
00 
00 
50 
00 
50 
00 
00 
00 
00 
50 
50 
00 
00 



$166,251 88 



LUMBER MUTUAL FIRE INSURANCE COMPANY, BOSTON. 

Incorporated Feb. 13, 1895. Commenced business March 28, 1S£5. 
GEORGE W. GALE, President. HARRY E. STONE, Secretary. 

Office, 141 Milk Street. 



Amount of permanent fund, Dec. 31, 1905, 
Increase during the year, 

Permanent fund Dec. 31, 1906, 



$70,000 00 
30,000 00 

$1C0,CC0 00 



40 



LUMBER MUTUAL FIRE INSURANCE CO. 



Income. 
Net premiums, . . . . . . ... 

Interest on mortgage loans, $72 ; corporation loans, $250; bonds, 
■ $5,887.98; all other, $3,657.01, . 
Profit on sale of bonds, ..... 

Profit and loss, ...... 

Discount on losses, ..... 

From all other sources, ..... 

Total income, ...... 

Ledger assets, Dec. 31, 1905, .... 

Total, . 

Disbursements. 
Net amount paid for losses, . . . 

Profits on terminated policies, 
Salaries, fees, etc., of officers and employees, 
Rents, ....... 

Taxes and fees, ...... 

Premiums and accrued interest on bonds purchased, 
Adjusting, ....... 

Postage and telegrams, ..... 

Printing and advertising, .... 

Surveys and maps, ..... 

Office expenses, ... 

Office furniture, ...... 

Legal services, ...... 

Inspections, ....... 

Total disbursements, .... 

Balance, ...... 



Ledger Assets. 



Mortgages, .... 
Bonds (schedule A), 
Cash in banks and office, 
Agents' balances, . 
Premiums in course of collection, 
Deposited in savings banks, . 



Total ledger assets, .... 

Non-Ledger Assets. 
Market value of bonds over book value, . 

Gross assets, ...... 

Assets not admitted. 
Special deposits less $2,417.04 liabilities thereon, 

Total admitted assets, .... 

Liabilities. 

Unpaid losses, including $1,000 resisted, . 
Unearned premiums on outstanding risks, 



$228,450 19 

9,866 99 
221 25 
197 10 
568 85 
144 71 

$239,449 09 
247,960 60 

$487,409 69 



,645 98 

68,116 02 

17,618 70 

980 49 

3,579 49 

2,153 38 

285 67 

1,363 01 

1,800 31 

1,652 36 

1,842 24 

1,564 32 

147 00 

12 ; 275 02 

$181,023 99 

$306,385 70 



$1,000 00 
181,000 00 
28,229 28 
10,346 40 
10,222 06 
75,587 96 

$306,385 70 



815 00 
$307,200 70 

8,682 96 

$298,517 74 



$7,000 00 
111,016 04 



LYNN MUTUAL FIRE INSURANCE CO. 



41 



Inspection, .... 
Return premiums, . 
Contingent commission, 

All liabilities, except surplus, 
Surplus, .... 



,145 86 
408 74 
643 02 



Total liabilities, 



Risks outs'ding Dec. 31, 1905, 
Risks written during 1906, 

Total, . . ' . 

Risks expired and terminated, 

In force at end of year, . 



Risks and Premiums. 

Amount. 

$7,261,927 00 
9,871,903 00 

$17,133,830 00 
8,475,023 00 



Cash Prem's. 

$194,604 61 
257,146 64 

$451,751 25 
229,719 17 



$120,213 66 
178,304 08 

$298,517 74 



Conting't Prem's. 

$583,813 83 
771,439 92 

$1,355,253 75 
689,157 51 



Miscellaneous. 
Losses incurred during the year, . . . . 

Profits or surplus returned during 1906, 33.33 per cent 



,658,807 00 $222,032 08 $666,096 24 

$72,024 00 



Schedule A. Bonds owned by the Company. 



State, County and Municipal Bonds 
Boston, Mass., 3*s, 1935, . 
Brockton, Mass., 3*s, 1934, 
Cambridge, Mass., 3*s, 1921, 
Cambridge, Mass*., 3*s, 1925, 
Georgia 4*s, 1915, 
Gloucester, Mass., 4s, 1916, 
Gloucester, Mass., 4s, 1917, 
Gloucester, Mass., 4s, 1918, 
Gloucester, Mass., 4s, 1919, 
Gloucester, Mass., 4s, 1920, 
Gloucester, Mass., 4s, 1921, 
Gloucester, Mass., 4s, 1922, 
Lynn, Mass., 3*s, 1914, 
Nashville, Tenn., 4*s, 1923, 
Pawtucket, R. I., 4s, 1944, 
Port of Portland. Ore., 4s, 1934, 
"Walt ham, Mass., 3*s, 1921, 
Watertown, Mass., 4s, 1914-17, 

Railroad Bonds. 
Boston & Maine 4s, 1926, 
Boston, Revere Beach & Lynn 4*s, 1927, 
Chicago & Western Indiana 4s, 1952, 
Dutchess County (N. Y.) 4*s, 1940, . 
Long Island guar, refunding 4s, 1949, 
Long Island unified 4s, 1949, 
New York Central & Hudson River 4s, 1934 
New York, New Haven & Hartford 4s, 1955 

Miscellaneous Bonds. 
Chace Mills, Fall River, 5% note, 
Luther Manufacturing Co. 5s, 1923, 



00 
00 
00 
00 
00 



Book Value. 
$9,000 00 
14,000 00 

5,000 00 
15,000 00 
10,000 00 

1,000 

2,000 

2,000 

2,000 

2,000 

2,000 00 

1,000 00 

3,000 00 
10,000 00 
10,000 00 
11,000 00 

7,000 00 
10,000 00 

5,000 00 

10,000 00 

10,000 00 

5,000 00 

5,000 00 

5,000 00 

5,000 00 

10,000 00 

5,000 00 
5,000 00 

$181,000 00 



Rate. 
95f 
95 
97i 
96f 
111 

101* 
lOlf 
lOlf 

101* 
102 

102| 

102i 

98f 
104* 
102* 
100 

97| 
101* 

102f 
107* 

97 
104 

99 

96 

97f 
101£ 

100 
100 



Market Value. 
$8,617 50 
13,300 00 

4,862 50 
14,512 
11,100 

1,015 

2,032 

2,035 

2,037 

2,040 00 

2,042 50 

1,022 

2,958 
10,487 
10,250 
11,000 00 

6,807 50 
10,150 00 



50 
00 
00 
50 
00 
50 



50 
75 
50 
00 



5,137 
10,750 
9,700 
5,200 
4,950 
4,800 
4,881 



50 
00 
00 
00 
00 
00 
25 



10,125 00 

5,000 00 
5,000 00 

$181,815 00 



LYNN MUTUAL FIRE INSURANCE COMPANY, LYNN. 

Incorporated Feb. 20, 1828. Commenced business Aug. 1, 1828. 
JAMES S. NEWHALL, President. ISRAEL AUGUSTUS NEWHALL, Secretary. 



Amount of permanent fund, 



$56,910 38 



42 



LYNN MUTUAL FIRE INSURANCE CO. 



Income. 

Net premiums, $6,759.86; extra premiums, $59.87, . 
Interest on mortgage loans, $1,680.06; stocks and bonds, 

all other, $33 . 97, . . . ' . 

Rents, ........ 

Total income, . . . . . . 

Ledger assets, Dec. 31, 1905, ..... 

Total, 

Disbursements. 
Net amount paid for losses, .... 

Profits on terminated policies, 
Commissions or brokerage, . . 

Salaries, fees, etc., of officers and employees, 
Rents, ....... 

Repairs and expenses on real estate, 

Real estate taxes, $128.76; other taxes and fees, $57.76, 

Profit and loss, ...... 

Interest accrued on bonds, .... 

All other disbursements, .... 

Total disbursements, .... 

Balance, ...... 

Ledger Assets. 

Real estate, $2,869; mortgages, $32,062.80, . 
Stocks and bonds (schedule A), 

Cash in banks and office, ..... 

Agents' balances, ....... 

Total ledger assets, ..... 

Non-Ledger Assets. 
Interest accrued : — 
On mortgages, $472.58; bonds, $160.69, 
Market value of stocks and bonds over book value, . 

Gross assets, ....... 

Assets not admitted. 
Agents' balances over three months due, . 

Total admitted assets, ..... 

Liabilities. 

Unearned premiums on outstanding risks, 
Dividends due policy holders, .... 

Commissions and other charges due agents and brokers, 

All liabilities, except surplus, .... 
Surplus, ........ 

Total liabilities, ...... 



.,282; 



$6,819. 73 

2,996 03 
247 00 

$10,062 76 
64,088 80 



$74,151 


56 


$719 09 


3,945 


85 


134 03 


2,344 


00 


540 


00 


41 


07 


186 


52 


101 


68 


45 


56 


536 


70 



$8,594 50 



,557 06 



$34,931 80 

28,154 75 

2,078 04 

392 47 

$65,557 06 



633 27 
3,215 50 



,405 83 



66 52 



$69,339 31 



$15,847 64 

25 48 

8 82 

$15,881 94 

53,457 37 



,339 31 



merchants' and farmers' mutual FIRE INSURANCE CO. 43 



Risks and Pkemiums. 

Amount. Cash Prem's. 

Risks outs'ding Dec. 31, 1905, $2,214,967 00 $29,689 50 

Risks written during 1906, . 538,963 00 7,466 14 



Conting't Prem's. 

$59,379 00 
14,932 28 



Total, .... $2,753,930 00 $37,155 64 $74,311 28 

Risks expired and terminated, 496,218 00 ' 6,792 95 13,585 90 



In force at end of year, . 
Amount reinsured, 

Net amount in force, 



$2,257,712 00 
4,250 00 

$2,253,462 00 



$30,362 69 
65 50 

$30,297 19 



,725 38 



Miscellaneous. 
Losses incurred during the year, . . . . . . $719 00 

Profits or surplus returned during 1906, 25, 50 and 70 per cent. 

Schedule A. Stocks and Bonds owned by the Company. 

Bank Stocks. 
5 shares Central National, Lynn, . 
20 " Essex Trust Co., Lynn, 
10 " Merchants National, Boston, 
20 " National City, Lynn, .... 

Railroad Bonds. 
Atchison, Topeka & Santa Fe gen. mtge. 4s, 1995, 
Chicago & Great Western 5s, 1936, 
Chic, Mil. & St. P. (Southwestern Div.) 6s, 1909, . 
Chicago & Rock Island & Pacific 4s, 1934, . 
Jacksonville Electric 5s, 1927, .... 
Mexican Central 4s, 1911, .... 

Ogdensburg & Lake Champlain 4s, 1948, 
Ohio & West Virginia 7s, 1910, 

Miscellaneous Bonds. 
Des Moines Edison Light Co. 5s, 1931, 
Omaha Electric Light & Power Co. 5s, 1933, 
The Securities Co., series C, class 1, 4s, 
United Electric Security Co. 5s, 1935, 



Book Value. 


Rate. 


Market Value. 


$500 


00 


175 


$875 00 


3,600 


00 


250 


5,000 00 


1,392 


50 


210 


2,100 00 


2,000 


00 


150 


3,000 00 


2,000 


00 


100 


2,000 00 


2,020 


00 


104 


2,080 00 


1,025 


00 


103| 


1,036 25 


961 


25 


90 


900 00 


1,880 


00 


100 


2,000 00 


773 


50 


84£ 


845 00 


2,050 


00 


95 


1,900 00 


1,000 


00 


108 


1,080 00 


1,040 


00 


100 


1,000 00 


3,000 


00 


99 


2,970 00 


800 


00 


68 


544 00 


4,112 


50 


101 


4,040 00 


$28,154 75 


$31,370 25 



MERCHANTS' AND FARMERS' MUTUAL FIRE INSURANCE COMPANY, 

WORCESTER. 

Incorporated April 1, 1846. Commenced business Jan. 1, 1847. 
HENRY M. WITTER, President. HARRY S. MYRICK, Secretary. 



Amount of permanent fund, ."...... 

Income. 

Net premiums, $93,824.37; extra premiums, $726.72, 

Interest on mortgage loans, $1,329.99; stocks and bonds, 

$7,047.58; allother, $262.05, 

Rents, .......... 

Profit on sale or maturity of ledger assets, .... 

From all other sources, . . . . 

Total income, ........ 

Ledger assets, Dec. 31, 1905, ....... 

Total, 



$121,574 43 

$94,551 09 

8,639 62 

3,960 00 

1,392 43 

800 50 

$109,343 64 
259,063 41 

,407 05 



44 



MERCHANTS AND FARMERS MUTUAL FIRE INSURANCE CO. 



Disbursements. 
Net amount paid for losses, .... 

Profits on terminated policies, 

Commissions or brokerage, .... 

Salaries, fees, etc., of officers and employees, 
Rents, ....... 

Repairs and expenses on real estate, 

Real estate taxes, $699.53; other taxes and fees, $1,477.41, 

Loss on sale or maturity of ledger assets, 

Reinsurance, ...... 

All other disbursements, .... 

Total disbursements, .... 

Balance, . . . . . 

Ledger Assets. 

Real estate, $57,482.35; mortgages, $20,880, . 

Stocks and bonds (schedule A), 

Cash in banks and office, . . . . 

Agents' balances, ......... 

Total ledger assets, . . . . 

Non-Ledger Assets. 
Interest accrued : — 
On mortgages, $352.53; bonds, $1,902.49; other assets, $15.63, 
Rents accrued on company's property, ..... 
Market value of real estate over book value, .... 
Market value of stocks and bonds over book value, . 

Gross assets, ......... 

Liabilities. 

Unpaid losses, $4,880 . 06 ; less reinsurance, $2 . 20 ; . 

Unearned premiums on outstanding risks, . 

Dividends due policy holders, . . . . . . 

Commissions and other charges due agents and brokers, 

Due for return premiums, ....... 

All liabilities, except surplus, . 
Surplus, .......... 

Total liabilities, ........ 



Risks and Premiums. 

Amount. 

Risks outs'ding Dec. 31, 1905, $21,119,641 00 



Risks written during 1906, 

Total, . 
Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, 

Net amount in force. 



6,719,107 00 

$27,838,748 00 
7,096,758 00 

$20,741,990 00 
286,650 00 



Cash Prem's. 

$312,155 21 
101,264 16 

$413,419 37 
108,365 53 

$305,053 84 
4,020 09 



$38,451 


12 


41,049 


98 


15,017 


31 


6,978 


76 


700 


00 


94 


12 


2,176 


94 


150 


00 


117 


17 


5,181 


48 


$109,916 88 


$258,490 17 


$78,362 35 


163,434 71 


7,602 


86 


9,090 25 


$258,490 


17 


2,270 


65 


360 


00 


2,517 


65 


10,530 


54 


$274,169 01 


$4,877 86 


149,768 


05 


4,298 


07 


1,363 


53 


1,293 


39 



$161,600 90 
112,568 11 

$274,169 01 



Conting't Prem's. 

$312,155 21 
101,264 16 

$413,419 37 
108,365 53 

$305,053 84 



$20,455,340 00 $301,033 75 



MERRIMACK MUTUAL FIRE INSURANCE CO. 



45 



Miscellaneous. 
Losses incurred during the year, ..... 
Profits or surplus returned during 1906, 20, 40 and 60 per cent. 



,647 00 



Schedule A. Stocks, Bonds, etc., 

Railroad Stocks. 

60 shares Atchison, Topeka & Santa F6, common 
51 " Atchison, Topeka & Santa Fe\ preferred 

61 " Boston & Albany, common, 
13 " Boston & Maine, common, . 
25 " Norwich & Worcester, common, . 
34 " Providence & Worcester, common, 

7 " Union Pacific, preferred, 

Bank and Trust Company Stocks. 

4 shares Worcester Safe Deposit & Trust Co., 
Miscellaneous Stocks. 
42 shares Worcester Electric Light Co., 
28 " Worcester Gas Light Co., . 

Railroad Bonds. 
Atchison, Top. & Santa Fe general mort. 4s, 1995 
Atchison, Topeka & Santa Fe adjustment 4s, 1995 
Bangor & Aroostook 4s, 1951, . 
Buffalo & Susquehanna 4s, 1951, 
Chicago, Cincinnati & Louisville 4Js, 1953, 
Chicago, Rock Island & Pacific 4s, 1934, 
Chicago & Western Indiana 4s, 1952, 
Des Moines & Iowa Falls & Northern 5s, 1931, 
North. Pac.-Gt. Northern (C. B. & Q. col.) 4s, 1921 
Ottumwa, Cedar Falls & St. Paul 5s, 1909, 
Ptoe Marquette 4s, 1951, .... 
Pere Marquette 4s, 1943, .... 
Southern Indiana 4s, 1951, 
St. Lo., Iron Mt. & South. (R. & G. Br.) 4s, 1933, 

Miscellan eous. 
Church of Unity note, .... 



OWNED BY THE COMPANY. 



Book Value. 


Rate. 


Market Value. 


$5,097 


75 


104* 


$6,270 00 


[, 2,224 


44 


99 


5,049 00 


11,695 


00 


239* 


14,609 50 


2,278 


27 


161 


2,093 00 


4,525 


00 


226 


5,650 00 


6,625 


00 


288 


9,792 00 


725 


00 


94 


658 00 


920 


00 


225 


900 00 


8,428 


00 


220 


9,240 00 


6,135 


00 


255 


7,140 00 


., 7,000 


00 


100 


7,000 00 


3,500 


00 


91f 


3,211 25 


9,700 


00 


96 


9,600 00 


4,950 


00 


96£ 


4,825 00 


10,790 


00 


90 


9,900 00 


9,775 


00 


90 


9,000 00 


9,900 


00 


97 


9,700 00 


11,165 


00 


99 


10,890 00 


L, 3,551 


25 


96f 


5,812 50 


10,550 


00 


lOOf 


10,075 00 


4,775 


00 


86 


4,300 00 


4.750 


00 


90 


4,500 00 


14,100 


00 


92 


13,800 00 


9,525 


00 


92 


9,200 00 


750 


00 


100 


750 00 


$163,434 


71 


$173,965 25 



MERRIMACK MUTUAL FIRE INSURANCE COMPANY, ANDOVER. 

Incorporated Feb. 7, 1828. Commenced business April 8, 1828. 
JOS. A. SMART, President. BURTON S. FLAGG, Secretary. 

Permanent fund, $150,206 00 

Income. 

Net premiums, $112,942.55; extra premiums, $704.20, . . $113,646 75 
Interest on mortgage loans, $4,893.71; stocks and bonds, 

$4,651.38; all other, $40, 9,585 09 

Dividends on reinsurance and return premiums, . . . 1,728 11 



Total income, . 

Ledger assets, Dec. 31, 1905, . 

Total, . . . . . 

Disbursements 
Net amount paid for losses, . 
Profits on terminated policies, 
Commissions or brokerage, 
Salaries, fees, etc., of officers and employees, 
Rents, ...... 



$124,959 95 
241,536 35 

$366,496 30 



$48,026 40 
37,927 80 
16,875 67 

8,803 50 
784 00 



46 



MERRIMACK MUTUAL FIRE INSURANCE CO. 



Taxes and fees, ....... 

Loss on sale or maturity of ledger assets, 

Adjusting, 

Postage, . . . . . 

Printing and maps, ...... 

Profit and loss, ....... 

Commissions carried in liabilities of preceding year, . 
All other disbursements, . . 

Total disbursements, 

Balance, ....... 

Ledger Assets. 
Mortgages, . . 

Loan secured by collateral (15 shares Lawrence Gas Co.), 
Stocks and bonds (schedule A), 

Cash in banks and office, ..... 

Agents' balances, 

Total ledger assets, . . 

Non-Ledger Assets. 
Interest due and accrued : — 
On mortgages, $1,328.67; bonds, $1,264.57, . 

Gross assets, . . 

Assets not admitted. 

Agents' balances over three months due, . 
Book value of stocks and bonds over market value, 
Total unadmitted assets, 

Total admitted assets, .... 

Liabilities. 

Unpaid losses, $2,825 . 28 ; less reinsurance, $865 . 40, 

Unearned premiums on outstanding risks, 

Dividends due policy holders, 

Due for return premiums, $392.20; reinsurance, $540.51, 

All liabilities, except surplus, . 
Surplus, . . . . . . . . . 

Total liabilities, . . . 

Risks and Premiums. 

Amount. Cash Prem's. 

Risks outs'ding Dec. 31, 1905, $28,027,977 00 



$1,734 


55 


1,700 


00 


755 


45 


559 


86 


1,645 


32 


15 


85 


2,982 


36 


2,123 


45 


$123,934 21 


$242,562 09 


$101,542 00 


2,100 


00 


113,500 00 


8,262 


21 


17,157 


88 


$242,562 09 



2,593 24 



• 


$245,155 33 


$25 50 
310 00 


335 50 




• 


$244,819 83 


51, " 


$1,959 88 

180,571 24 

8,381 41 

932 71 



Risks written during 1906, 

Total, . 
Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, 

Net amount in force, 



8,991,370 00 

$37,019,347 00 
8,899,769 00 



,119,578 00 
1,016,451 00 



$400,166 09 
126,175 73 

$526,341 82 
134,153 76 

$392,188 06 
14,916 65 



$191,845 24 
52,974 59 

$244,819 83 



Conting't Prem's. 

$400,166 09 
126,175 73 

$526,341 82 
134,153 76 

$392,188 06 



$27,103,127 00 $377,271 41 



MIDDLESEX MUTUAL FIRE INSURANCE CO. 



47 



Miscellaneous. 
Losses incurred during the year, ...... 

Profits or surplus returned during 1906, 20, 30, 40 and 60 per cent. 



$43,263 00 



Schedule A. Stocks and Bonds 

Bank Stocks. 
10 shares Andover National, . 
15 " Lawrence National, 

Municipal Bonds. 
Andover, Mass., 4s, 1919-23-28, 
Augusta, Me., 4s, 1934, 
Cincinnati, O., 7s, 1908, 
Cleveland, O., 4s, 1915, 
Danvers, Mass., 4s, 1916, 
Milton, Mass., 3£s, 1910, 
North Andover, Mass., 4s, 1923, 
Seattle, Wash., 5s, 1912, . 
Westborough, Mass., 4s, 1908, . 
Railroad Bonds. 
Bangor & Aroostook 4s, 1951, . 
Bangor & Aroostook equipment 5s, 1916, 
Boston & Maine 4s, 1942, 
Chicago, Burlington & Quincy 3^s, 1949, 
Chicago, Milwaukee & St. Paul 5s, 1914, 
Chicago & Northwestern 5s, 1929, 
Chicago, Wisconsin & Minnesota 6s, 1916, 
Illinois Central 3£s, 1951, 
Lake Shore & Michigan Southern 4s, 1928, 
New York Central & Hudson River 4s, 1934, 
Old Colony 4s, 1925, .... 

Miscellaneous Bonds. 
Helena Water Co. 5s, 1910, . . 



OWNED BY THE COMPANY. 

Book Value. Rate. Market Value. 

$1,000 00 115 SI, 150 00 

1,500 00 115 1,725 00 



15,000 00 
5,000 00 
4.000 00 
3,000 00 

10,000 00 
3,000 00 

10,000 00 
5,000 00 

10,000 00 

3,000 00 
2,000 00 
2,000 00 
3,000 00 
5,000 00 
4,000 00 
5,000 00 
3,000 00 
2,000 00 
2,000 00 
10,000 00 

5,000 00 
$113,500 00 



102* 
104" 
102i 
101 

101£ 
98| 
102| 
104^ 
100 

96 
100 
103f 

92 
106f 
106 
113 

98 

98 

97f 
102* 

40 



15,375 00 
5,200 00 
4,090 00 
3,030 00 

10,150 00 
2,962 50 

10,237 50 
5,225 00 

10,000 00 



00 
00 
00 
00 
50 
00 
00 



2,880 
2,000 
2,075 
2,760 
5,337 
4,240 
5,650 
2,940 00 
1,960 00 
1,952 50 
10,250 00 

2,000 00 
$113,190 00 



MIDDLESEX MUTUAL FIRE INSURANCE COMPANY, CONCORD. 

Incorporated March 3, 1826. Commenced business March 29, 1826. 
RICHARD F. BARRETT, President. ADAMS TOLMAN, Secretary. 



Amount of permanent fund, 



Income. 



Net premiums, $180,251.35; extra premiums, $1,757.30, . 
Interest on mortgage loans, $2,279.67; collaterals, $344.17 

stocks and bonds, $21,639.61, 

Rents, including company's own occupancy, 
Profit on sale or maturity of ledger assets, 
Dividends on reinsurance, 

Total income, ... 
Ledger assets, Dec. 31, 1905, ...... 

Total, 

Disbursements. 
Net amount paid for losses, ..... 
Profits on terminated policies, .... 

Commissions or brokerage, ..... 
Salaries, fees, etc., of officers and employees, 
Rents, including company's own occupancy,' . 



$364,621 11 



$182,008 65 

24,263 45 

1,255 00 

6,480 00 

627 96 

$214,635 06 
635,369 37 

$850,004 43 



,772 22 
78,946 90 
26,686 40 
14,425 00 

500 00 



48 



MIDDLESEX MUTUAL FIRE INSURANCE CO. 



Repairs and expenses on real estate, .... 
Real estate taxes, $472.03; other taxes and fees, $1,858.98, 
Loss on sale or maturity of ledger assets, 
Calendars, maps, inspections, adjustments, etc., 

Total disbursements, ...... 

Balance, ........ 

Ledger Assets. 

Real estate, $25,747.80; mortgages, $44,500, 

Loans secured by collateral (schedule A), 

Stocks and bonds (schedule B), 

Cash in banks and office, 

Agents' balances, ..... 

Total ledger assets, ....... 

Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $998.15; bonds, $6,299.06; on collateral loans, 

$85.67, . 

Rents due and accrued on company's property, 

Market value of real estate over book value, . . . . 

Market value of stocks and bonds over book value, . 

Gross assets, ......... 

Liabilities. 
Unpaid losses, ......... 

Unearned premiums on outstanding risks, . . . . 

Dividends due policy holders, ...... 

Due for reinsurance, ........ 

All liabilities, except surplus, ...... 

Surplus, ...... 

Total liabilities, ........ 



$173 66 

2,331 01 

106 84 

13,210 40 


$183,152 43 


$666,852 00 

$70,247 80 
6,900 00 

537,887 96 
27,885 65 
23,930 59 


$666,852 00 



7,382 88 

903 00 

18,127 74 

15,823 39 

$709,089 01 



$376 71 

334,028 38 

10,535 99 

93 73 

$345,034 81 
364,054 20 

$709,089 01 



Risks and Premiums. 

Amount. 

Risks outs'ding Dec. 31, 1905, $44,302,054 00 
Risks written during 1906, . 12,446,493 00 



Cash Prem's. Conting't Prem's 

$657,048 71 $657,048 71 
191,788 66 191,788 66 



Total, . 
Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, 

Net amount in force, 



,748,547 00 

11,464,407 00 

$45,284,140 00 

615,847 00 



837 37 
174,431 16 



,837 37 
174,431 16 



$674,406 21 $674,406 21 
9,088 94 



. $44,668,293 00 $665,317 27 

Miscellaneous. 
Losses incurred during the year, ...... 

Profits or surplus returned during 1906, 20, 30, 40 and 60 per cent. 



$46,246 00 



MIDDLESEX MUTUAL FIRE INSURANCE CO. 



49 



Schedule A. Securities held as Collateral. 

Company's 

Market Value. 

$3,750 00 

4,200 00 \ 

2,250 00 J 

1,996 00 



25 shares American Powder Mills, 

35 " Putnam Water Co., . 

25 " Knoxville Water Co., preferred, 

American Bell Telephone Co. bonds, . 



$12,196 00 



Loaned 
Thereon. 

$2,300 00 

4,000 00 

600 00 

$6,900 00 



Schedule B. Stocks and Bonds owned by the Company. 



Railroad Stocks. 
57 shares Boston & Albany, . 
100 " Fitchburg, 

Bank Stocks. 
33 shares Concord National, . . . . 

Miscellaneous Stocks. 
244.8 shares The Pullman Co., . 

State and Municipal Bonds. 
Belmont, Mass., 3*s, 1912-13-14, 
Cambridge, Mass., 4s, 1913, . 
Concord, Mass., 3*s, 1907-9, . 
Concord, Mass., 4s, 1907-10, 
Holyoke, Mass., 4s, 1927, . 
Massachusetts 3s, 1930, .-.-.... 

Medford, Mass., 4s, 1920, 

New Britain, Conn., 4s, 1936, 

Pawtucket, R. I., 4s, 1910, . 

Pawtucket, R. I., 4s, 1929, . . . . 

Toledo, O., 4*s, 1914, ...... 

Woburn, Mass., 4s, 1907-8, . 

Railroad Bonds. 
Atchison, Topeka & Santa F6 gen. mtge. 4s, 1995, 
Boston & Albany 4s, 1913, 
Boston & Lowell 4s, 1913, 
Boston & Lowell 3*s, 1923, 
Boston & Lowell 4s, 1907, 
Boston & Maine 4*s, 1944, 
Burlington & Missouri River 4s, 1910, 
Chicago, Burlington & Quincy 4s, 1921, 
Chicago, Burlington & Quincy 3*s, 1949, 
Chicago Junct. & Union Stock Yards Co. 4s, 1940 
Chicago Northw. (Boyer Valley Div.) 3*s, 1923, 
Cincinnati, Hamilton & Dayton 5s, 1942, 
Cleveland & Pittsburg 3*s, 1948, 
Cleveland & Pittsburg 3*s, 1950, 
Concord & Montreal 4s, 1920, . 
Connecticut & Passumpsic 4s, 1943, 
Eastern of Minnesota 5s, 1908, . 
Erie & Pittsburg 3*s, 1940, 
Hamilton Ontario Street 4*s, 1928, 
Lake Shore & Michigan Southern 3*s, 1997, 
Long Island (North Shore Branch) 5s, 1932, 
Mohawk & Malone 4s, 1991, . 
Narra°;ansett Pier 4s, 1916, 
New York Central & Hudson River 3*s, 1997, 
New York, New Haven & Hartford 3*s, 1947, 
New York, Ontario & Western 4s, 1992, 
New York, Providence & Boston 4s, 1942, . 
Norwich & Worcester 4s, 1927, . 
Old Colony 4s, 1925, .... 

Portland & Ogdensburg 5s, 1908, 
St. Paul, Minneapolis & Manitoba 4*s, 1933, 
Sioux City & Pacific 3*s, 1936, . 
Southern Pacific of New Mexico 6s, 1911, . 
Terminal Association of St. Louis 4*s, 1939, 
United Trac. & Elec. of Providence, R. I., 5s, 1933 
West End Street 4s, 1915, . . . 

West End Street 4s, 1932, 



Book Value. 

$5,757 75 

8,660 00 

3,300 00 

25,206 65 

5,000 00 

20,000 00 

4,069 12 

5,025 00 

10.950 00 

10,137 50 

5,356 25 

6,225 00 

10,487 50 

10,450 00 

10,000 00 

4,007 50 

1,900 00 

10,557 50 

15,500 00 

5,006 25 

3,003 75 

11,775 00 

16,495 00 

5,043 19 

3,000 00 

10,250 00 

10,225 00 

10,100 00 

21,000 00 

10,575 00 

25,150 00 

26,600 00 

10,712 50 

10,400 00 

10,350 00 

10,912 50 

5,762 50 

11,062 50 

10,375 00 

4,587 50 

15,262 50 

10,475 00 

10,750 00 

10,575 00 

5,262 50 

21,200 00 

11,225 00 

9,650 00 

5,412 50 

11,450 00 

11,262 50 

5,162 50 

5,225 00 

$537,887 96 



Rate. 
239* 
133 

150 

182 

98f 
100| 

99J 
100 
103* 

92£ 
102 
102* 
100 
1011 
103i 
100 

100 
101 
100* 

96f 
100 
112 

99* 

96* 

92 

98 

94* 
106 

96* 

96 
101i 
103* 
100 

96 

98 

94* 
110 
103 
100 

93J 

91 
100 
103 
102f 
102* 
100* 
110 

92i 
105 
109 
108* 
1001 
102 



Market Value. 

$13,651 50 

13,300 00 

4,950 00 

44,553 60 

4,918 75 

20,175 00 

3,990 00 

5,000 00 

10,350 00 

9,287 50 

5,100 00 

6,127 50 

10,000 00 

10,187 50 

10,325 00 

4,000 00 

2,000 00 

10,100 00 

15,075 00 

4,818 75 

3,000 00 

11,200 00 

16,915 00 

4,843 75 

3.680 00 

9,800 00 

9,450 00 

10,600 00 

19,300 00 

9,600 00 

25,312 50 

25,968 75 

10,000 00 

9,600 00 

9,800 00 

9,450 00 

5,500 00 

10,300 00 

10,000 00 

4,662 50 

13,650 00 

10,000 00 

10,300 00 

10,275 00 

5,125 00 

20,100 00 

11,000 00 

9,225 00 

5,250 00 

10,900 00 

10,850 00 

5,043 75 

5,100 00 

$553,711 35 



50 MUTUAL FIRE ASSURANCE CO. 



MUTUAL FIRE ASSURANCE COMPANY, SPRINGFIELD. 

Incorporated Feb. 23, 1827. Commenced business July 23, 1827. 
GEO. B. HOLBROOK, President. FRANK R. YOUNG, Secretary. 

Amount of permanent fund, ....... $122,422 00 

Income. 

Net premiums, $20,938.75; extra premiums, $236.78, . . $21,175 53 
Interest on mortgage loans, $1,969.62; stocks and bonds, $6,- 

898.75; allother, $474.07, ._ . . .. . 9,342 44 

Liquidation of First and Second National Banks, Springfield, . 7,500 00 



Total income, . $38,017 97 

Ledger assets, Dec. 31, 1905, 202,230 28 



Total, $240,248 25 

Disbursements. 

Net amount paid for losses, ....... $1,520 86 

Profits on terminated policies, ....... 18,224 24 

Salaries, fees, etc., of officers and employees, .... 4,523 00 

Rents, 500 00 

Taxes and fees, 178 01 

Reduction in book value of securities, ..... 754 00 

All other disbursements, ....... 746 92 

Total disbursements, ...... 

Balance, . . . 

Ledger Assets. 

Mortgages, $45,200 00 

Stocks and bonds (schedule A), . . . ... 

Cash in banks and office, ...... 

Total ledger assets, ...... 

Non-Ledger Assets. 
Interest due and accrued: — -,^ 

On mortgages, $639.10; bonds, $1,046.24, . x . 
Market value of stocks and bonds over book value, . . . 

Gross assets, ........ 

Liabilities. 
Unearned premiums on outstanding risks, 
Dividends due policy holders, .... 

All liabilities, except surplus, ..... 
Surplus, ......... 



$26,447 03 


$213,801 22 


$45,200 00 


149,684 61 


18,916 61 


$213,801 22 


1,685 34 


27,731 14 


$243,217 70 


$52,204 08 


263 56 


$52,467 64 


190,750 06 



Total liabilities, $243,217 70 



MUTUAL PROTECTION FIRE INSURANCE CO. 



51 



Risks outs'ding Dec. 31, 1905, 
Risks written during 1906, 

Total, . 
Risks expired and terminated, 

In force at end of year, . 



Risks and Premiums. 

Amount. 

$6,299,675 00 
1,255,375 00 

$7,555,050 00 
1,278,975 00 



Cash Prem's. 

$103,663 32 
20,938 75 



Conting't Prem's. 

$103,663 32 
20,938 75 



$124,602 07 $124,602 07 
20,230 38 20,230 38 



5,276,075 00 $104,371 69 $104,371 69 



Miscellaneous. 
Losses incurred during the year, . . . . . . $1,521 00 

Profits or surplus returned during 1906, 90 per cent. 

Schedule A. Stocks and Bonds owned by the Company. 

Railroad Stocks. 
100 shares Boston & Albany, 

69 " Chicago, Burlington & Quincy, . 

20 " Holyoke & Westfield, . ' . 

269 " New York Central & Hudson River, 
Bank Slocks. 

25 shares Chapin National, Springfield, 

61 " Chicopee National, Springfield, . 

50 " Hadley Falls National, Holyoke, 

10 " Monson National, . . 

50 " National Bank of Commerce, Boston, 

25 " Springfield National, 
Railroad Bonds. 
Boston & Albany 4s, 1913, 
Chesapeake & Ohio 5s, 1939, 
Chicago, Burlington & Quincy 3^s, 1949, 
Connecticut River 3^s, 1923, 
Detroit Southern (Ohio Southern Div.) 4s, 1941, 
Holyoke Street 5s, 1915, 
Illinois Central, purchased lines, 3^s, 1952, 
N. Y. Cent. & Hud. River (Lake Shore) 3£s, 1998 
New York, New Haven & Hartford 4s, 1955, 
Philadelphia, Wilmington & Baltimore 4s, 1932, 
Reading (Jersey Central) 4s, 1951, 
Southern equipment certificate 4^s, 1908-21, 
Springfield Street 4s, 1923, 
Vermont Valley 5s, 1910, . 
Woronoco Street 5s, 1920, 

Miscellaneous Bonds. 
American Telephone & Telegraph Co. 4s, 1929, 



Book Value. 


Rate. 


Market Value. 


$14,073 


25 


239^ 


$23,950 00 


8,364 


85 


202 


13,938 00 


3,740 


00 


200 


4,000 00 


31.050 


92 


131 


35,239 00 


2,875 


00 


120 


3,000 00 


6,100 


00 


155 


9,455 00 


5,050 


00 


138 


6,900 00 


1,000 


00 


123 


1,230 00 


5 ; 000 


00 


156 


7,800 00 


3,000 


00 


205 


5,125 00 


10,650 


00 


101 


10,100 00 


4,040 


00 


116 


4,640 00 


3,805 


00 


92 


3,680 00 


2,030 


00 


96 


1,920 00 


3,300 


00 


83f 


2,512 50 


6,300 


00 


106 


6,360 00 


2,801 


25 


91 


2,730 00 


8,000 


00 


86i 


6,900 00 


3,052 


50 


•101* 


3,037 50 


4,040 


00 


102* 


4,100 00 


2,865 


00 


95* 


2,865 00 


3,000 


00 


97 


2,910 00 


3,064 


84 


100 


3,000 00 


4,200 


00 


102 


4,080 00 


5,312 


00 


104f 


5,243 75 


2,970 


00 


90 


2,700 00 


$149,684 


61 


$177,415 75 



MUTUAL PROTECTION FIRE INSURANCE COMPANY, 

CHARLESTOWN. 

Incorporated April 10, 1861. Commenced business July 15, 1864. 
GEO. H. PENDERGAST, President. FRANK V. NOYES, Secretary. 

Office, Thompson Square. 
Amount of permanent fund, ....... $52,639 30 

Income. 

Net premiums, $45,739.28; extra premiums, $267.23, . . $46,006 51 

Interest on mortgage loans, $1,910.95; collaterals, $437.50; 

stocks and bonds, $2,159.81; allother, $759.65, . . . 5,267 91 



52 



MUTUAL PROTECTION FIRE INSURANCE CO. 



Profit on sale or maturity of ledger assets, 
Return premiums and dividends on reinsurance, 

Total income, ...... 

Ledger assets, Dec. 31, 1905, . . . 

Total, . 

Disbursements. 
Net amount paid for losses, .... 

Profits on terminated policies, 

Commissions or brokerage, .... 

Salaries, fees, etc., of officers and employees, 
Rents, ....... 

Taxes and fees, ...... 

Liquidation of the Monument National Bank, . 
All other disbursements, .... 

Total disbursements, .... 

Balance, . . . . 

Ledger Assets. 
Mortgages, ....... 

Loans secured by collateral (schedule A), 

Stocks and bonds (schedule B), . 

Cash in banks and office, .... 

Agents' balances, ...... 

Deposited in savings banks, .... 

Total ledger assets, .... 

Non-Ledger Assets. 
Interest due and accrued : — 
On mortgages, $984 . 39 ; bonds, $224 . 58 ; collateral loans, 
Market value of stocks and bonds over book value, . 
Furniture, fixtures and supplies, .... 

Gross assets, .'-'". 

Assets not admitted. 

Furniture, fixtures, safes, stationery and all other 
supplies, ........ 

Agents' balances over three months due, . 

Total unadmitted assets, .... 



Total admitted assets, .... 

Liabilities. 

Unpaid losses, $3,005.37; less reinsurance, $1,000, 
Unearned premiums on outstanding risks, 
Dividends due policy holders, 

All liabilities, except surplus, . 
Surplus, ....... 

Total liabilities, ..... 



$377 27 
1,081 93 



$52,733 62 
129,002 77 

$181,736 39 



$14,557 43 

14,461 38 

6,992 40 

9,000 00 

925 00 

474 18 

192 00 

3,713 25 

$50,315 64 

$131,420 75 



$39,800 00 

10,000 00 

51,166 54 

5,998 74 

4,772 93 

19,682 54 



• 


$131,420 75 


ns, $180.75, 


1,389 72 

747 84 

3,000 00 


. 


$136,558 31 


$3,000 00 
190 32 


3,190 32 





$133,367 99 



$2,005 37 

58,352 16 

1,109 40 

$61,466 93 
71,901 06 

$133,367 99 



NEWBURYPORT MUTUAL FIRE INSURANCE CO. 53 



Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outs'ding Dec. 31, 1905, $6,574,212 00 $109,913 25 $109,913 25 

Risks written during 1906, . 3,007,625 00 53,344 99 53,344 99 



Total, .... $9,581,837 00 $163,258 24 $163,258 24 

Risks expired and terminated, 2,457,615 00 43,205 38 43,205 38 

In force at end of year, . . $7,124,222 00 $120,052 86 $120,052 86 

Amount reinsured, . . 634,074 00 10,183 61 



Net amount in force, . $6,490,148 00 $109,869 25 

Miscellaneous. 
Losses incurred during the year, ...... $16,099 00 

Profits or surplus returned during 1906, 20, 40 and 70 per cent. 

Schedule A. Securities held as Collateral. 

Company's Loaned 

Market Value. Thereon. 

150 shares Copper Range, $12,450 00 ] 

5 " New York, New Haven & Hartford, . . 950 00 I «Mnnnnnn 

Copper Range 5s, 4,365 00 f ® 10 > 000 00 

Lamson Store Service 5s, . . . . . . 1,000 00 J 

$18,765 00 $10,000 00 

Schedule B. Stocks and Bonds owned by the Company. 

Railroad Stocks. Book Value. Rate. Market Value. 

5 shares Atch., Topeka & Santa Fe, preferred, . $255 00 99 $495 00 

20 " New York Central, . . . . 2,673 13 131 2,620 00 

13 " New York, New Haven & Hartford, . 2,719 00 190£ 2,476 50 

186 " Pennsylvania, 12,789 38 138| 12,868 88 

Bank Stocks. 

20 shares National Bank of Republic, Boston, . 2,570 00 164 3,280 00 

Miscellaneous Stocks. 

54 shares American Telephone & Telegraph Co., . 7,835 00 133£ 7,209 00 

31 " Charlestown Gas & Electric Co., . 2,263 00 250 3,875 00 
Bonds. 

Massachusetts 3£s, 1931, 10,168 00 lOOf 10,075 00 

New York, New Haven & Hartford 3£s, 1954, . 2,915 83 90£ 2,715 00 

American Telephone & Telegraph Co. 4s, 1929, . 6,978 20 90 6,300 00 



$51,166 54 $51,914 38 



NEWBURYPORT MUTUAL FIRE INSURANCE COMPANY, 

NEWBURYPORT. 

Incorporated Feb. 10, 1829. Commenced business May 1, 1829. 
WILLIAM R. JOHNSON, President. CHARLES C. DONNELL, Secretary. 

Amount of permanent fund, . . . . . . . $27,021 89 

Income. 

Net premiums, $3,128 05 

Interest on mortgage loans, $27 . 03 ; stocks and bonds, $1,624 . 14 ; 

allother, $210.15, 1,86132 

Rents, 112 50 



54 NEWBURYPORT MUTUAL FIRE INSURANCE CO. 

Profit on sale or maturity of ledger assets, 

Borrowed money, ........ 

Policy fees, ......... 

Overdraft, ......... 

Total income, ....... 

Ledger assets, Dec. 31, 1905, . . . . . . 



Total, . . . . 

Disbursements. 
Net amount paid for losses, .... 
Profits on terminated policies, 
Salaries, fees, etc., of officers and employees, 
Rents, 

Taxes and fees, 
Profit and loss, 
Borrowed money, 
Interest, 
All other disbursements, .... 

Total disbursements, .... 

Balance, ...... 

Ledger Assets. 
Stocks and bonds (schedule A), 
Cash in office, ...... 

Deposits in savings banks, .... 

Furniture, ....... 

Total ledger assets, .... 

Non-Ledger Assets. 

Interest due and accrued on bonds, 

Market value of stocks and bonds over book value, 

Gross assets, ...... 

Assets not admitted. 
Furniture, . . 



Total admitted assets, 

Liabilities. 
Unpaid losses, ..... 
Unearned premiums on outstanding risks, 
Dividends due policy holders, 
Overdraft, ...... 



All liabilities, except surplus, . 
Surplus, . 



Total liabilities, 



$1,014 33 


100 00 


119 15 


114 15 


$6,449 50 


39,103 98 


$45,553 48 


$56 96 


2,977 14 


685 14 


200 00 


29 95 


4 68 


100 00 


34 53 


81 56 


$4,169 96 


$41,383 52 


$36,146 00 


3 18 


5,184 34 


50 00 


$41,383 52 


$293 31 


1,540 38 


$43,217 21 


50 00 


$43,167 21 


$4 67 


6,192 99 


56 00 


114 15 


$6,367 81 


36,799 40 


$43,167 21 



NORFOLK MUTUAL FIRE INSURANCE CO. 



55 



Risks outs'ding Dec. 31, 1905, 
Risks written during 1906, 

Total, . . 
Risks expired and terminated, 

In force at end of year, . 



Risks and Premiums. 

Amount. Cash Prem's. 

$782,360 00 $11,852 55 

205,610 00 3,154 15 



Conting't Prem's. 

$47,410 20 
12,616 60 



$987,970 00 
198,860 00 

$789,110 00 



$15,006 70 $60,026 80 
3,038 90 12,155 60 



$11,967 80 



Miscellaneous. 
Losses incurred during the year, .... 
Profits or surplus returned during 1906, 100 per cent. 



$47,871 20 
$62 00 



Schedule A. Stocks and Bonds owned by the Company. 

Railroad Stocks. 
10 shares Atch., Topeka & Santa F6, common, 

1 share Atch., Topeka & Santa Fe, preferred, 
24 shares Boston & Maine, common, . 

5 " Chic. Jt. & Union Stock Yds., preferred 
9 " Chic, Milwaukee & St. Paul, preferred, 
10 rights Chic, Milwaukee & St. Paul, 

2 shares Chic, Milwaukee & St. Paul, common, 
Subscription to new stock Chic, Mil. & St. Paul 

9 shares New York Central & Hudson River, 
N. Y. Cent. & Hudson River fractional scrip, 

Bank Stocks. 
100 shares Merchants National, Newburyport, 
31 " Ocean National, Newburyport, . 
4 " State National, Boston, 
Miscellaneous Stocks. 
8 shares Mich. State Telephone Co., common, 

4 " Mich. State Telephone Co., preferred, 
21 " Riverbank Court Hotel Co., 

10 " United States Rubber Co., preferred, 
10 " Western Union Telegraph Co., . 

5 " Westinghouse Electric Co., assenting, 
10 " Westinghouse Electric Co., preferred, 

Municipal Bonds. 
Meriden, Conn., 3^s, 1915, 
Newport News, Va., 4s, 1941, 
South Bend, Ind., 3|s, 1912, 

Railroad Bonds. 
Central Vermont 4s, 1920, 
Penobscot Shore Line 4s, 1920, 
Wabash equipment 4^s, 1916, . 

Miscellaneous Bonds. 
American Telephone & Telegraph Co. 4s, 1929. 
Mich. State Telephone & Telegraph Co. 5s, 1924, 
Minneapolis General Electric 5s, 1934, 
New England Cotton Yarn Co. 5s, 1929, . 
Western Telephone & Telegraph Co. 5s, 1932, 
Westinghouse Convertible 5s, 1931, 



Book Value. 


Rate. 


Market Value. 


$800 


00 


104i 


$1,045 00 


100 


00 


99 


99 00 


4,260 


00 


161 


3,864 00 


L, 625 


00 


120 


600 00 


1,350 


00 


162f 


1,464 75 






33^ 


335 00 


200 


00 


148£ 


297 75 


I, 70 


00 


100 


70 00 


1,100 


00 


131 


1,179 00 


60 


00 


100 


60 00 


2,000 


00 


120 


2,400 00 


1,550 


00 


112 


1,736 00 


420 


00 


149 


596 00 


120 


00 


38 


304 00 


400 


00 


91 


364 00 


2,000 


00 


85 


1,785 00 


500 


00 


107| 


1,072 50 


1,000 


00 


84 


840 00 


375 


00 


157f 


394 38 


750 


00 


170 


850 00 


1,000 


00 


97f 


977 50 


2,000 


00 


100 


2,000 00 


1,000 


00 


98f 


988 75 


1,600 


00 


86 


1,720 00 


2,000 


00 


99 


1,980 00 


961 


00 


96| 


963 75 


1,955 


00 


90 


1,800 00 


1,000 


00 


99 


990 00 


1,000 


00 


104 


1,040 00 


1,000 


00 


100 


1,000 00 


3,000 


00 


99 


2,970 00 


1,950 


00 


95 


1,900 00 


$36,146 


00 


$37,686 38 



NORFOLK MUTUAL FIRE INSURANCE COMPANY, DEDHAM. 

Incorporated Feb. 12, 1825. Commenced business July 1, 1825. 
JAMES Y. NOYES, President. THEODORE T. MARSH, Secretary. 

Amount of permanent fund, - . . . . . $334,201 14 



56 NORFOLK MUTUAL FIRE INSURANCE CO. 



Income. 
Net premiums, ......... 

Interest on mortgage loans, $1,299.50; stocks and bonds, $24,- 

263.37; all other, $263, 

Rents, .......... 

Profit on sale or maturity of ledger assets, .... 

Increase in book value of securities, 

Lombard Investment Company, ...... 

Total income, ........ 

Ledger assets, Dec. 31, 1905, ....... 



Total, 



Disbursements. 



Net amount paid for losses, ...... 

Profits on terminated policies, .... 

Commissions or brokerage, ...... 

Salaries, fees, etc., of officers and employees, 

Repairs and expenses on real estate, . . . . 

Real estate taxes, $232.90; other taxes and fees, $827.81, 

Loss on sale or maturity of ledger assets, 

Reduction in book value of securities, . 

All other disbursements, ...... 

Total disbursements, ...... 

Balance, ........ 

Ledger Assets. 

Real estate, $15,000; mortgages, $24,350, 
Stocks and bonds (schedule A), . . 
Cash in banks and office, ...... 

Agents' balances, ........ 

Total ledger assets, ...... 

Non-Ledger Assets. 
Interest due and accrued : — 
On mortgages, $426.32; bonds, $6,352.38, . 
Rents due on company's property, . 
Market value of stocks and bonds over book value, . 

Gross assets, ........ 

Liabilities. 
Unpaid losses (resisted) , ...... 

Unearned premiums on outstanding risks. 

Dividends due policy holders, . 

Due for return premiums, ...... 

All liabilities, except surplus, . 
Surplus, ......... 

Total liabilities, ....... 



$77,145 97 


25,825 


87 


900 


00 


37 


90 


1,680 


00 


285 


00 


$105,874 74 
660,815 93 


$766,690 67 


$16,584 27 
44,050 82 
11,697 68 


6,629 81 


465 


54 


1,060 


71 


226 


25 


17,965 


40 


2,312 


56 


$100,993 04 


$665,697 63 


$39,350 00 

606,962 00 

11,539 64 

7,845 99 


$665,697 63 


6,778 


70 


412 


50 


140 00 


$673,028 83 


$1,200 00 

176,713 62 

6,494 06 


418 


50 


$184,826 
488,202 


18 
65 


$673,028 83 



NORFOLK MUTUAL FIRE INSURANCE CO. 



57 



Risks outs'ding Dec. 31, 1905, 
Risks written during 1906, 



Risks and Premiums. 

Amount. 

$24,899,128 00 
5,585,081 00 



Cash Prem's. 

$356,144 37 
81,390 73 



Conting't Prem's. 

$356,144 37 
81,390 73 



Total, .... $30,484,209 00 $437,535 10 $437,535 10 
Risks expired and terminated, 5,285,624 00 77,443 21 77,443 21 



In force at end of year, 



$25,198,585 00 $360,091 89 $360,091 89 



Miscellaneous. 
Losses incurred during the year, ..... 
Profits or surplus returned during 1906, 25, 50 and 70 per cent. 



$16,584 00 



Schedule A. Stocks and Bonds owned by the Company. 

Railroad Stocks. 
100 shares Atch., Topeka & Santa Fe, commoD, 
213 " Atch., Topeka & Santa Fe, preferred, 
125 " Boston & Albany, . 

75 " Boston & Lowell, 

20 " Boston & Providence, 
100 " Old Colony, 

60 " Union Pacific, preferred, 
Miscellaneous Stocks, 

80 shares Dedham Water Co., . 

Municipal Bonds. 
Boston, Mass., 4s, 1921 r . 
Boston, Mass., 4s, 1923, . 
Chelsea, Mass., 4s, 1936, . 
Chicago, 111., 4s, 1922, 
Fall River, Mass., 4s, 1929, 
Lawrence, Mass., 4s, 1917, 
Lynn, Mass., 4s, 1926, 
Lynn, Mass., 4s, 1929, 
Newton, Mass., 4s, 1915, . 
Newton, Mass., 4s, 1920, . 
Newton, Mass., 4s, 1924, . 
Newton, Mass., 4s, 1928, . 
North Andover, Mass., 4s, 1923, 
Salem, Mass., 4s, 1914, 
Taunton, Mass., 4s, 1928, 
Taunton, Mass., 4s, 1914, 

Railroad Bonds. 
Atch., Top. & Santa Fe general mortgages 4s, 1995, 
Atch., Topeka & Santa Fe adjustment 4s, 1995, 
Boston & Albany 3^s, 1952, 
Boston & Lowell 4s, 1913, 
Boston & Lowell 4s, 1932, 
Boston & Maine 4s, 1942, 
Boston & Maine 4$s, 1944 : 
Boston & Providence 4s, 1918, 
Boston, Revere Beach & Lynn 4^s, 1927, . 
Chic, Burl. & Quincy (111. Div.) 4s, 1949, . 
Chicago, Burl. & Quincy (la. Div.) 4s, 1919, 
Concord & Montreal 4s, 1920, . 
Connecticut & Passumpsic 4s, 1943, 
Dexter & Newport 4s, 1917, 
Fitchburg 4s, 1915, . 
Fitchburg 4s, 1927, . 

Fremont, Elkhorn & Missouri Valley 6s, 1933, 
Grand Avenue, Kansas City, 5s, 1908, 
Illinois Central 3£s, 1951, 
Maine Central 4^s, 1912, . 
Maine Central 5s, 1923, .... 
Newport & Richford 5s, 1911, . 
New York, New Haven & Hartford 4s, 1947, 



Book Value. 


Rate. 


Market Value.. 


$10,300 


00 


104$ 


$10,450 00 


21,087 


00 


99 


21,087 00 


30,000 


00 


239$ 


29,937 50 


17,400 


00 


231 


17,325 00 


6,000 


00 


298 


5,960 00 


19,800 


00 


198 


19,800 00 


5,580 


00 


94 


5,640 00 


8,960 


00 


110 


8,800 0G 


13,325 


00 


102f 


13,357 50 


2,060 


00 


103 


2,060 00 


10,500 


00 


104$ 


10,425 00 


5,056 


25 


101$ 


5,056 25 


2,080 


00 


103f 


2,075 00 


5,100 


00 


102| 


5,106 25 


11,330 


00 


103f 


11.371 25 


8,320 


00 


103f 


8,300 00 


1,020 


00 


lOlf 


1,017 50 


2,060 


00 


102| 


2,052 50 


8,300 


00 


103$ 


8,260 00 


4,170 


00 


103f 


4,150 00 


6,180 


00 


102| 


6,142 50 


5,075 


00 


101$ 


5,075 00 


6,210 


00 


103f 


6,217 50 


4,060 


00 


101$ 


4,050 00 


i, 22,500 


00 


100 


22,500 00 


11,040 


00 


91| 


11,010 00 


19,000 


00 


95| 


19,150 00 


5,050 


00 


100$ 


5,025 00 


10,325 


00 


1031 


10,325 00 


14,350 


00 


103f 


14,525 00 


22,500 


00 


112 


22,400 00 


20,400 


00 


101$ 


20,300 00 


10,800 


00 


107$ 


10,750 00 


10,125 


00 


102$ 


10,212 50 


14,185 


00 


100 


14,000 00 


10,100 


00 


101$ 


10,125 00 


5,125 


00 


1031 


5,193 75 


6,000 


00 


100 


6,000 00 


5,025 


00 


lOOf 


5,037 50 


20,200 


00 


101$ 


20,300 00 


6,750 


00 


134 


6,700 00 


5,000 


00 


100 


5,000 00 


46,000 


00 


98 


4,900 00 


10,300 


00 


102$ 


10,225 00 


5,600 


00 


111 


5,550 00 


15,450 


00 


103| 


15,543 75 


19,285 


00 


101 


19,190 00 



58 



PAPER MILL MUTUAL INSURANCE CO. 



No. Pac.-Gt. North, joint (C. B. & Q. col.) 4s, 1921, 

Norwich & Worcester 4s, 1927, 

Old Colony 4s, 1925, 

Old Colony 4s, 1938, 

Old Colony 3£s, 1932, 

Oregon Short Line 6s, 1922, 

Philadelphia & Reading 7s, 1911, 

Portland & Rumford Falls 4s, 1926, 

Union Pacific 4s, 1947, 



Book Value. 
$21,340 00 
20,550 00 
19,403 75 
17,637 50 

4,800 00 
12,100 00 

8,880 00 
10,000 00 

4,567 50 

$606,962 00 



Rate. 

961 
102| 
102^ 
103f 

95 

1211 
1124, 
100 
102 



Market Value. 

$21,312 50 

20,550 00 

19,475 00 

17,616 25 

4,750 00 
12,150 00 

8,980 00 
10,000 00 

4,590 00 

$607,102 00 



PAPER MILL MUTUAL INSURANCE COMPANY, BOSTON. 

Incorporated November, 1886. Commenced business April 1, 1887. 
R. W. TOPPAN, President. D. W. LANE, Secretary. 

Office, 81 Milk Street. 

Income. 

Net premiums, $147,456 03 

Interest on bonds, $4,448.67; all other, $303.08, . . .. 4,75175 

Total income, $152,207 78 

Ledger assets, Dec. 31, 1905, 141,592 35 

Total, . $293,800 13 

Disbursements. 

Net amount paid for losses, . . . . . . . $4,914 04 

Profits on terminated policies, ...... 124,849 22 

Salaries, fees, etc., of officers and employees, .... 6,069 75 

Rents, 360 00 

Taxes and fees, ......... 1,363 28 

Inspections, .......... 2,346 12 

All other disbursements, ....... 657 75 

Total disbursements, . . . . . . . $140,560 16 

Balance, $153,239 97 

Ledger Assets. 

Bonds (schedule A), $138,528 75 

Cash in banks and office, . . . . . . . 13,536 69 

Premiums in course of collection, . . . . . . 1,174 53 

Total ledger assets, ... ... $153,239 97 

Non-Ledger Assets. 

Interest due and accrued on bonds, . . . . . . 1,600 00 

Gross assets, $154,839 97 

Assets not admitted. 

Book value of bonds over market value, ..... 2,103 75 

$152,736 22 



Total admitted assets, 
Unpaid losses, 



Liabilities. 



$300 00 



QUINCY MUTUAL FIRE INSURANCE CO. 



59 



Unearned premiums on outstanding risks, 
Taxes, ...... 

All liabilities, except surplus, . 
Surplus, ...... 

Total liabilities, .... 



$73,267 18 
449 36 

$74,016 54 
78,719 68 

$152,736 22 



Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outs'ding Dec. 31, 1905, .$17,378,397 00 $136,744 76 $683,723 80 



Risks written during 1906, 

Total, . 
Risks expired and terminated 

In force at end of year, . 



20,047,006 00 

$37,425,403 00 
18,545,918 00 



155,059 50 775,297 50 



$291,804 26 
145,269 91 



,459,021 30 
726,349 55 



$18,879,485 00 $146,534 35 $732,671 75 



Miscellaneous. 
Losses incurred during the year, ...... 

Profits or surplus returned during 1906, 90.69 per cent. 

Schedule A. Bonds owned by the Company. 



Municipal Bonds. 
Boston, Mass., 3*s, 1932, . 
Boston, Mass., 3*s, 1933, . 
Newton, Mass., 4s, 1922, . 

Railroad Bonds. 
Boston & Albany 4s, 1913, 
Boston Elevated 4s, 1935, 
Boston & Lowell 4s, 1916, 
Boston & Maine 4*s, 1944, 
Chicago Junction & Union Stock Yard 4s, 1940, 
Chicago, Burlington & Quincy 4s, 1922, 
Cincinnati, Sandusky & Cleveland 5s, 1928, 
Concord & Montreal 4s, 1920, . 
Fitchburg 4s, 1927, .... 
Maine 'Central 5s, 1923, . . 

Mohawk & Malone 4s, 1991, 
N. Y. Cent. & Hud. R. (Lake Shore col.) 3*s, 1998 
New York, New Haven & Hartford 4s, 1954, 
Pennsylvania 5s, 1919, 
Portland & Ogdensburg 5s, 1908, 
West End Street 4s, 1915, 
West End Street 4s, 1932, 

Miscellaneous Bonds. 
American Bell Telephone 4s, 1908, 
American Telephone & Telegraph 4s, 1929, 



Book Value. 

$5,150 00 

10,125 00 

5,170 00 

10,150 00 
20,600 00 
5,100 00 
5,480 00 
4,950 00 
5,000 00 
5,075 00 
5,200 00 
•5,350 00 
5,140 00 
5,300 00 
4,993 75 
5,250 00 
5,180 00 
5,000 00 
5,090 00 
5,225 00 

5,000 00 
5,000 00 

$138,528 75 



Rate. 
96i 
96 

103 

101 

102 
101 
112 

98 

991 
lllf 
101i 
101* 
111 
103 

86i 
1011 
109 
100* 
lOOf 
102 



90 



L,764 00 



Market Value. 

$4,806 25 

9,600 00 

5,150 00 

10,100 00 
20,400 00 
5,050 00 
5,600 00 
4,900 00 
4,993 75 
5,568 75 
5,062 50 
5,075 00 
5,550 00 
5,150 00 
4,312 50 
5,062 50 
5,450 00 
5,025 00 
5,043 75 
5,100 00 

4,925 00 
4,500 00 

$136,425 00 



QUINCY MUTUAL FIRE INSURANCE COMPANY, QUINCY. 

Incorporated March 22, 1851. Commenced business May, 1851. 
CHARLES A. HOWLAND, President. WM. H. FAY, Secretary. 

Amount of permanent fund, . . . . . . $350,000 00 

Income. 
Net premiums, $153,661.18; extra premiums, $1,121.23, . . $154,782 41 

Interest on mortgage loans, $4,735.26; collaterals, $10,704.83; 

stocks and bonds, $12,216.50; all other, $2,337.63, . . 29,994 22 



60 



QUINCY MUTUAL FIRE INSURANCE CO. 



Rents, ......... 

Profit on sale or maturity of ledger assets, 

Total income, ....... 

Ledger assets, Dec. 31, 1905, ...... 

Total, 

Disbursements. 
Net amount paid for losses, . 
Profits on terminated policies, 
Commissions or brokerage, ...... 

Salaries, fees, etc., of officers and employees, 

Real estate taxes, $851.36; other taxes and fees, $2,585.38, 

Printing and stationery, ...... 

All other disbursements, ...... 



Total disbursements, .... 

Balance, ...... 

Ledger Assets. 
Real estate, $20,433.30; mortgages, $85,050, . 
Loans secured by collateral (schedule A), 
Stocks, bonds, etc. (schedule B), . 
Cash in banks and office, .... 

Agents' balances, . . . . . . 



Total ledger assets, ....... 

Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $835.47; bonds, $1,833.75; on collateral loans, 

$706.22; other assets, $48.85, . . ' . 

Rents due on company's property, ...... 

Market value of real estate over book value, . . . 

Market value of stocks and bonds over book value, . 

Gross assets, . . . . . . . 

Liabilities. 
Unpaid losses, . . ■■ ... 

Unearned premiums on outstanding risks, . . . 

Dividends due policy holders, ...... 

Salaries and other miscellaneous expenses, due or accrued, 

All liabilities, except surplus, ...... 

Surplus, .......... 

Total liabilities, . . . 

Risks and Premiums. 

Amount. Cash Prem's. 

Risks outs'ding Dec. 31, 1905, $32,969,749 00 $487,713 87 
Risks written during 1906, . 10,159,138 00 157,052 56 



$935 40 
8,551 03 



Total, .... $43,128,887 00 $644,766 43 
Risks expired and terminated, 9,687,858 00 146,945 39 



$194,263 06 
688,385 55 

$882,648 61 

$47,237 70 

61,931 44 

23,869 46 

16,713 63 

3,436 74 

3,596 58 

4,121 31 

$160,906 86 

$721,741 75 



$105,483 30 

160,200 00 

405,678 36 

36,796 92 

13,583 17 

$721,741 75 



3,424 29 

90 64 

6,566 70 

28,771 14 

$760,594 52 

$30 00 

251,045 67 

3,800 00 

354 00 

$255,229 67 
505,364 85 

$760,594 52 



Conting't Prem's. 

$487,713 87 
157,052 56 

$644,766 43 
146,945 39 



In force at end of year, . 



$33,441,029 00 $497,821 04 $497,821 04 



QUINCY MUTUAL FIRE INSURANCE CO. 



61 



Miscellaneous. 
Losses incurred during the year, ...... 

Profits or surplus returned during 1906, 20, 40 and 60 per cent. 

Schedule A. Securities held as Collateral. 



Tacoma Gas Light Co. 5s, 

Central Pennsylvania Coal Co. 5s, 

Tacoma Gas Light Co. 5s, 

East Pittsburg, Pa., 4^s and 5s, 

Peoria & Pekin Terminal Railway Co., 

144 shares National Granite Bank, 

175 " N. E. Dressed Meat & Wool Co., 

100 " Northern Packing & Provision Co., 

Mortgage note, ..... 

24 shares New England Telephone & Telegraph Co., 
300 " Quincy Electric Light & Power Co., 
360 " Swift & Co., .... 



$47,268 00 



Company's 


Loaned 


Market Value. 


Thereon. 


$3,900 00 \ 
8,075 00 / 


$10,000 00 


2,925 00 ) 




10,200 00 \ 


20,000 00 


9,500 00 J 




21,600 00 


17,700 00 


26,250 00 


7,500 00 


10,000 00 


7,500 00 


50,000 00 


35,000 00 


2,976 00 


2,500 00 


31,800 00 


30,000 00 


36,000 00 


30,000 00 


$213,226 00 


$160,200 00 



Schedule B. Stocks, Bonds, etc., 

Railroad Stocks. 

11 shares Old Colony, . . 

52 " Southeastern Electric, preferred, 
196 " Southeastern Electric, common, 

Bank Stocks. 
100 shares Brockton National, . 
250 " Commonwealth Trust Co., Boston, 

32 " First National, South Weymouth, 

30 " Freemans' National, Boston, 

40 " Hingham National, . 

40 " Merchants' National, Boston, 
329 * Mt. Wollaston National, Quincy, 

48 " National Granite, Quincy, 

20 " Old Colony National, Plymouth, 

29 " Plymouth National, . 

88 " Rockland National, Boston, 

87 " Second National, Boston, . 

60 " State National, Boston, 

50 " State St. Safe Dep. & Tr. Co., Boston, 

50 " Wachusett National, Fitchburg, 
Miscellaneous Stocks. 

13 shares Decatur Water Works Co., 
178 " Lawrence Duck Co., 

32 " Michigan State Telephone Co., . 
State and Municipal Bonds. 
Framingham, Mass., 5^s, note, . 
Massachusetts 3s, 1930, .... 
Providence, R. I., 3s, 1930, . . 

Quincy, Mass., 4s, notes, .... 

Railroad Bonds. 
Granite Railway 6% note, 

No. Pac. & Gt. North. (C, B. & Q. col.) 4s, 1921, 
Taunton & Buzzards Bay St. Railway 6% note, 
Taunton & Pawtucket Street Railway 6% note, 

Miscellaneous Bonds, etc. 
E. W. Baxter, et al., 6% note, . 
Decatur Water Works 5s, 1915, 
Dennison Cotton Mills 6% note, 
Lawrence Duck Co. 6£% note, . 
Michigan State Telephone Co. 5s, 1924, 
Quincy Electric Light & Power Co. note, 
Quincy Real Estate trust note, . 



OWNED BY THE COMPANY. 

Book Value. Rate. Market Value. 
$1,100 00 198 $2,178 00 

5,000 00 - 



10,000 00 

37,500 00 

3,538 75 

3,510 00 

5,639 25 

6,040 00 

40,490 75 

6,295 75 

2,300 00 

3,433 00 

12,056 00 

15,056 00 

8,792 88 

5,000 00 

10,000 00 

350 00 

17,800 00 
1,605 00 

20,000 00 
48,187 50 
19,050 00 
25,000 00 

10,000 00 

24,033 48 

750 00 

750 00 

5,000 00 
2,900 00 
10,000 00 
15,000 00 
8,000 00 
10,000 00 
11,500 00 

$405,678 36 



125 

180 

100 

117 

112J 

210 

120 

151 

110 

115 

170 

225 

149 

208 

100 



75 
38 

100 

92$ 

90 
100 

100 

96£ 
100 
100 

100 
20 
100 
100 
99 
100 
100 



12,500 00 

45,000 00 

3,200 00 

3,510 00 

4,500 00 

8,400 00 

39,480 00 

7,248 00 

2,200 00 

3,335 00 

14,960 00 

19,575 00 

8,940 00 

10,400 00 

5,000 00 



13,350 00 
1,216 00 

20,000 00 

46,437 50 

18,000 00 

25,000 00 

10,000 00 

46,500 00 

750 00 

750 00 

5,000 00 
2,600 00 
10,000 00 
15,000 00 
7,920 00 
10,000 00 
11,500 00 

$434,449 50 



62 RUBBER MANUFACTURERS' MUTUAL INSURANCE CO. 



RUBBER MANUFACTURERS' MUTUAL INSURANCE COMPANY, 

BOSTON. 

Incorporated Nov. 4, 1884. Commenced business Jan. 15, 1885. 
ARTHUR W. CLAPP, President. BENJAMIN TAFT, Secretary. 

Office, 81 Milk Street. 

Income. 

Net premiums, . $460,082 77 

Interest on bonds, ........ 14,672 51 



Total income, $474,755 28 

Ledger assets, Dec. 31, 1905, . . . • . . . . 364,904 61 

Total, $839,659 89 

Disbursements. 

Net amount paid for losses, $37,430 48 

Profits on terminated policies, ...... 364,802 05 

Salaries, fees, etc., of officers and employees, . . . . 12,284 64 

Taxes and fees, ......... 5,515 12 

Inspections, 10,440 02 

Reduction in book value of bonds, ...... 2,093 75 

Miscellaneous expenses, . . . . . . . . 17,492 47 



Total disbursements, $450,058 53 



Balance, $389,601 36 

Ledger Assets. 

Bonds (schedule A), $352,000 00 

Cash in banks and office, . . . . . . 26,287 59 

Premiums in course of collection, . . . . . . 11,313 77 



Total ledger assets, $389,601 36 

Non-Ledger Assets. 

Interest due and accrued on bonds, ...... 5,672 07 

Market value of bonds over book value, ..... 1,287 50 



Gross assets, ......... $396,560 93 

Liabilities. 

Unpaid losses, . . . . # . . . . - $22,016 08 

Unearned premiums on outstanding risks, . . . . 231,917 05 

Taxes, 1,439 28 



All liabilities, except surplus, $255,372 41 

Surplus, 141,188 52 



Total liabilities, $396,560 93 



SALEM MUTUAL FIRE INSURANCE CO. 



63 



Risks outs 'ding Dec. 31, 1905, 
Risks written during 1906, 



Risks and Premiums. 

Amount. 

$47,700,771 00 
54,569,988 00 



Total, . $102,270,759 00 

Risks expired and terminated, 50,515,135 00 



Cash Prem's. 

$433,650 53 
491,143 16 

$924,793 69 
460,959 58 



Conting't Prem's. 

12,168,252 65 
2,455,715 80 

14,623,968 45 
2,304,797 90 



In force at end of year, 



$51,755,624 00 $463,834 11 $2,319,170 55 



Miscellaneous. 
Losses incurred during the year, ...... 

Profits or surplus returned during 1906, 85 per cent. 

Schedule A. Bonds owned by the Company. 

State and Municipal Bonds. 
Fall River, Mass., 3-|s, 1915, 
Massachusetts 3-^s, 1940, . 

Railroad Bonds. 
Atchison, Topeka & Santa Fe 4s, 1928, 
Bangor & Aroostook 5s, 1943, . 
Boston Consolidated St. 5s, 1907, 
Boston Elevated 4s, 1935, 
Boston & Lowell 3£s, 1919, 
Boston & New York Air Line 4s, 1955, 
El Paso & Rock Island 5s, 1951, 
Fitchburg 4s, 1928, . 
Fitchburg 4s, 1927, . 

Lake Shore & Michigan Southern 4s, 1928, 
Maine Central 4s, 1912, 
Maine Central 4-^-s, 1916, . 
N. Y. Cent. & Hud. R. (Lake Shore) 3£s, 1998, 
New York, New Haven & Hartford 4s, 1955, 
Northern Maine Seaport 5s, 1935, 
No. Pac.-Gt. North. (C, B. & Q. coll.) 4s, 1921, 
Richmond-Washington 4s, 1943, 
St. Louis Merchants Bridge Terminal 5s, 1930, 
West End Street 4s, 1917, 
West End Street 4s, 1915, 

Miscellaneous Bonds. 
American Bell Telephone Co. 4s, 1908, 
American Telephone & Telegraph Co. 4s, 1929, 
American Writing Paper Co. 5s, 1919, 
N. E. Telephone & Telegraph Co. 5s, 1919, . 
N. E. Telephone & Telegraph Co. 4s, 1930, . 
Western Union Telegraph Co. 4^s, 1950, 



$58,704 00 



Book Value. 


Rate. 


Market Value. 


$20,000 


00 


98i 


$19,650 00 


18,000 


00 


101 


18,180 00 


10,000 


00 


96 


9,600 00 


10,000 


00 


117 


11,700 00 


12.000 


00 


100 


12,000 00 


6,000 


00 


102 


6,120 00 


20,000 


00 


97i 


19,425 00 


3,000 


00 


102i 


3,075 00 


5,000 


00 


109 


5,450 00 


10,000 


00 


10H 


10,150 00 


10,000 


00 


101i 


10,150 00 


3,000 


00 


98 


2,940 00 


4,000 


00 


100^ 


4,020 00 


16,000 


00 


103i 


16,520 00 


15,000 


00 


86i 


12,937 50 


20,000 


00 


101i 


20,250 00 


15,000 


00 


112 


16,800 00 


7,000 


00 


96| 


6,781 25 


9,000 


00 


102i 


9,225 00 


25,000 


00 


112 


28,000 00 


15,000 


00 


101 


15,150 00 


5,000 


00 


ioo| 


5,043 75 


15,000 


00 


981 


14,775 00 


22,000 


00 


90 


19,800 00 


10,000 


00 


87 


8,700 00 


10,000 


00 


106i 


10,625 00 


17,000 


00 


96 


16,320 00 


20,000 


00 


99i 


19,900 00 


$352,000 


00 


$353,287 50 



SALEM MUTUAL FIRE INSURANCE COMPANY, SALEM. 

Incorporated April 17, 1838. Commenced business May 1, 1838. 
HOWARD S. PORTER, President. ARTHUR DERBY, Secretary. 

Amount of permanent fund, ....... $52,580 66 

Income. 

Net premiums, $42,494.60; extra premiums, $88.95, . . $42,583 55 

Interest on mortgage loans, $16.50; stocks and bonds, $3,468; 

all other, $31.72, 3,516 22 



64 SALEM MUTUAL FIRE INSURANCE CO. 

Borrowed money, $1,000 00 

Dividends on reinsurance, ....... 236 48 

Profit and loss, ' . 34 46 

Total income, ....... 

Ledger assets, Dec. 31, 1905, plus $34.28, error in 1905, . 

Total, 

Disbursements. 
Net amount paid for losses, ...... 

Profits on terminated policies, ..... 

Commissions or brokerage, 

Salaries, fees, etc., of officers and employees, 

Rents, ......... 

Taxes and fees, . . . ... 

Loss on maturity of bonds, . _ . 

Borrowed money repaid, . . . . . . 

Interest on borrowed money, ...... 

All other disbursements, ...... 

Total disbursements, ...... 

Balance, . . . . . . 

Ledger Assets. 
Mortgages, ......... 

Stocks and bonds (schedule A), 

Cash in banks and office, . . . . . 

Agents' balances, . . . . . . ■ . 

Total ledger assets, $97,152 33 

Non-Ledger Assets. 
Interest accrued : — 
On mortgages, $1.05; bonds, $1,182.86, ..... 1,183 91 



$47,370 71 


96,294 


00 


$143,664 71 


$16,461 


43 


14,885 


03 


6,974 56 


4,062 


67 


600 


00 


391 


12 


262 


50 


1,000 


00 


15 


83 


1,859 


24 


$46,512 38 


$97,152 33 


$300 00 


90,145 


25 


1,882 


63 


4,824 45 



Gross assets, . . $98,336 24 

Assets not admitted. 

Agents' balances over three months due, . . . $470 49 

Book value of stocks and bonds over market value, . 1,609 50 

Total unadmitted assets, .... 2,079 99 



Total admitted assets, . $96,256 25 

Liabilities. 

Unpaid losses, . . . $125 70 

Unearned premiums on outstanding risks, . . . . 53,819 90 

Dividends due policy holders, ...... 2,426 95 



All liabilities, except surplus, ...... $56,372 55 

Surplus, 39,883 70 



Total liabilities, $96,256 25 



SALEM MUTUAL FIRE INSURANCE CO. 



65 



Risks and Premiums. 

Amount. 

Risks outs'ding Dec. 31, 1905, $6,397,671 00 
Risks written during 1906, . 2,556,311 00 



Total, . 
Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, 

Net amount in force, 



$8,953,982 00 
2,667,914 00 

$6,286,068 00 
134,888 00 



Cash Prem's. 

$110,396 21 
45,053 29 

$155,449 50 
46,406 66 

$109,042 84 
2,085 15 



Conting't Prem's. 

$110,396 21 
45,053 29 

$155,449 50 
46,406 66 

$109,042 84 



),151,180 00 $106,957 69 



Miscellaneous. 
Losses incurred during the year, ..... 
Profits or surplus returned during 1906, 20, 40 and 60 per cent. 



$13,933 00 



Schedule A. Stocks and Bonds owned by the Company. 

Railroad Stocks. 
7 shares Boston & Maine, preferred, 
2 " Boston & Maine, common, 
Miscellaneous Stocks. 
15 shares Salem Gas Light Co., 

State and Municipal Bonds 
Akron, O., 4*s, 1911, 
Akron, O., 4s, 1913, 
Boston, Mass., 3*s, 1928, . 
Boston, Mass., 4s, 1916, . 
Boston, Mass., 3*s, 1919, . 
Boston, Mass., 3*s, 1920, . 
Boston, Mass., 3*s, 1919, . 
Brockton, Mass., 4s, 1910, 
Canton, Mass., 3*s, 1913, . 
Chelsea, Mass., 4s, 1911, . 
Chicago, 111., 4s, 1921, 
Columbus, O., 4s, 1910, . 
Columbus, O., 4s, 1912, . 
Columbus, O., 4s, 1914, 
Columbus, O., 4s, 1934, . 
Cranston, R. I., 4s, 1925, . 
Dayton, O., 4s, 1915, 
Dayton, O., 3*s, 1917, 
Fall River, Mass., 4s, 1909, 
Haverhill, Mass., 4s, 1922, 
Lawrence, Mass., 4s, 1909, 
Lynn, Mass., 4s, 1908, 
Lynn, Mass., 3*s, 1913, 
Marlborough, Mass., 4s, 1911, 
Massachusetts 3s, 1928, 
Massachusetts 3*s, 1938, . 
Medford, Mass., 4s, 1917, . 
Meriden, Conn., 3*s, 1919, 
Milwaukee, Wis., 5s, 1907, 
Minneapolis, Minn., 4^s, 1914, 
New Bedford, Mass., 4s, 1912, 
New Britain, Conn., 4s, 1908, 
New Britain, Conn., 4s, 1918, 
Northampton, Mass., 3*s, 1912, 
Pawtucket, R. I., 4s, 1910, 
Peabody, Mass., 3*s, 1911, 
Peoria, 111., 4s, 1920, 
Quincy, Mass., 4s, 1916, 
Quincy, 111., 4*s, 1911, 
Salem, Mass., 4s, 1907, 
Salem, Mass., 4s, 1908, 



ook Value. 


Rate. 


Market Value. 


$700 00 


165 


$1,155 00 


200 00 


161 


322 00 


1,500 00 


220 


3,300 00 


1,052 50 


101f 


1,017 50 


1,034 92 


100 


1,000 00 


1,081 25 


96| 


963 75 


1,111 25 


lOlf 


1,016 25 


1,065 00 


97| 


976 25 


1,042 50 


97* 


975 00 


1,041 25 


97| 


976 25 


1,070 00 


100 


1,000 00 


997 50 


98| 


983 75 


2,170 00 


1001 


2,015 00 


3,125 00 


101i 


3,033 75 


2,057 50 


100 


2,000 00 


1,055 00 


100* 


1,005 00 


1,025 00 


100f 


1,006 25 


1,022 50 


lOlf 
10lf 


1,016 25 


1,050 00 


1,012 50 


1,038 70 


101 


1,010 00 


1,996 51 


97* 


1,942 50 


4,315 00 


100 


4,000 00 


1,120 00 


1021 


1,028 75 


2,045 00 


100 


2,000 00 


2,095 00 


100 


2,000 00 


2,020 00 


981 


1,975 00 


1,092 50 


100* 


1,005 00 


1,020 00 


93| 


933 75 


2,280 00 


101 


2,020 00 


1,060 00 


lOlf 


1,016 25 


1,047 80 


96| 


967 50 


1,093 75 


100 


1,000 00 


1,122 50 


1041 


1,042 50 


2,152 50 


100* 


2,010 00 


1,043 75 


100 


1,000 00 


3,122 98 


100£ 


3,026 25 


1,020 00 


98f 


983 75 


1,017 75 


100 


1,000 00 


1,012 63 


98£ 


988 75 


1,020 80 


101* 


1,015 00 


1,043 75 


1011 


1,018 75 


2,130 00 


10l| 


2,035 00 


522 50 


100 


500 00 


524 38 


100 


500 00 



66 



SALISBURY AND AMESBURY MUTUAL FIRE INSURANCE CO. 



Salem, Mass., 4s, 1909, 
Somerville, Mass., 4s, 1909, 
Somerville, Mass., 3^s, 1907, 
Stamford, Conn., 3£s, 1921, 
Stamford, Conn., 4s, 1914, 
Swampscott, Mass., 4s, 1911, 
Toledo, O., 5s, 1911, 
Toledo, O., 4s, 1922, 
Waltham, Mass., 4s, 1908, 
Woburn, Mass., 3£s, 1909, 

Railroad Bonds 
Boston & Albany 4s, 1913, 
Boston & Lowell 4s, 1932, 
Boston & Lowell 4s, 1913, 
Boston & Maine 4s, 1937, 
Boston & Providence 4s, 1918, 
Fitchburg 5s, 1908, . 
Fitchburg 4s, 1927, . 
Fitchburg 4s, 1907, . 
Maine Central 4s, 1912, 
Old Colony 4s, 1925, 
West End Street 4s, 1932, 





Book Value. 


Rate. 


Market Value. 


. 


62 


100 


$500 00 




2,102 


50 


100 


2,000 00 




1,009 


63 


100 


1,000 00 




1,051 


25 


96f 


967 50 




1,043 


75 


101* 


1,012 50 




. _ 2,060 


00 


100* 


2,010 00 




1,068 


89 


104* 


1,045 00 




1,040 


00 


102 


1,020 00 




1,060 


00 


100 


1,000 00 


3,056 


25 


99 


2,970 00 


1,052 


50 


101 


1,010 00 




2,050 


00 


103* 


2,065 00 




1,065 


89 


100* 


1,005 00 




1,017 


50 


103* 


1,035 00 




2,100 


00 


101* 


2,030 00 




1,045 


00 


100* 


1,002 50 




1,135 


00 


101* 


1,015 00 




1,045 


00 


100 


1,000 00 




2,137 


50 


100* 


2,010 00 




1,055 


00 


102* 


1,025 00 




1,065 


00 


102 


1,020 00 




$90,145 25 


$88,535 75 



SALISBURY AND AMESBURY MUTUAL FIRE INSURANCE 
COMPANY, MARLBOROUGH. 

Incorporated May 18, 1855. Commenced business June 15, 1855. 

WARREN C. JEWETT, President. ELMER D. HOWE, Secretary. 

[Note. — This company takes deposit notes from its members and makes an assessment when 
the note is issued for paying current expenses.] 

Income. 

Net premiums, $9,663; extra premiums, $22.71, 

Interest, ......... 

Total income, ....... 

Ledger assets, Dec. 31, 1905, ...... 

Total, 

Disbursements. 
Net amount paid for losses, . . 

Profits on terminated policies, ..... 

Commissions or brokerage, ...... 

Salaries, fees, etc., of officers and employees, 

Taxes and fees, ........ 

All other disbursements, ...... 

Total disbursements, ...... 

Balance, . . ...... 



Cash in banks and office, 
Agents' balances, . 



Ledger Assets. 



$9,685 71 
152 20 


$9,837 91 
6,074 60 


$15,912 51 


$7,716 48 
488 93 


1,232 88 
923 06 


81 70 


479 11 


$10,922 16 



14,990 35 

53,112 23 

1,878 12 



Total ledger assets, 



L,990 35 



SAUGUS MUTUAL FIRE INSURANCE CO. 



67 



Non-Ledger Assets. 
Furniture, fixtures, safe, etc., 

Gross assets, ...... 

Assets not admitted. 
Furniture, fixtures, safes, etc., 
Agents' balances over three months due, . 
Total unadmitted assets, 



$210 00 
15 00 



Total admitted assets, ...... 

Liabilities. 
Unpaid losses, . . . . . . 

Dividends due policy holders, . 

Salaries and other miscellaneous expenses, due or accrued, 
Commissions and other charges due agents and brokers, 
Due for return premiums, ...... 



Total liabilities, 



Risks outs'ding Dec. 31, 1905, 
Risks written during 1906, 



Risks and Premiums. 

Amount. 

$2,488,744 00 
1,054,430 00 



$210 00 



$5,200 35 



225 00 



$4,975 35 

$2,000 00 

112 17 

70 02 

278 76 
60 30 



Total, . 
Risks expired and terminated, 

In force at end of year, . 



$3,543,174 00 
702,173 00 

$2,841,001 00 



Cash Prem's. 

$22,816 06 
10,200 52 



,016 58 
6,522 58 



5,521 25 



Conting't Prem's. 

$228,160 60 
102,005 20 

$330,165 80 
65,225 80 



Miscellaneous. 
Losses incurred during the year, 
Profits or surplus returned during 1906, 10 per cent. 



$26,494 00 $264,940 00 



),716 00 



SAUGUS MUTUAL FIRE INSURANCE COMPANY, SAUGUS. 

Incorporated Feb. 24, 1852. Commenced business April 1, 1852. 
HERBERT B. NEWHALL, President. WILBUR F. NEWHALL, Secretary. 

[Note. — This company insures nothing but dwellings, farm buildings and their contents, in 
Lynn, Saugus, Lynnfield, Swampscott and Nahant. No cash premiums are taken, but assessments 
are made on deposit notes to pay losses and expenses. All policies are issued for a term of three 
years.] 

Income. 
Interest, .......... 

Assessments, ......... 

Policy fees, 

Total income, ........ 

Ledger assets, Dec. 31, 1905, . . . . 

lotal, .......... 

Disbursements. 
Net amount paid for losses, . . . . . . 

Salaries, fees, etc., of officers and employees, .... 



$71 59 

2,946 61 

490 00 



>3,508 20 

3,872 85 



$7,381 05 



51,256 47 
1,420 00 



68 



SOUTH DANVERS MUTUAL FIRE INSURANCE CO. 



Rents, .... 

Taxes, .... 

Uncollected assessments charged off 
All other disbursements, 

Total disbursements, 

Balance, 



Cash in banks and office, 
Assessments on premium notes, 



Ledger Assets. 



Total ledger assets, 



Risks and Premiums. 



Risks outstanding Dec. 31, 1905, 

Risks written during 1906, .... 

Total, . 

Risks expired and terminated, . . 

In force at end of year, ..... 

Miscellaneous 
Losses incurred during the year, 
Assessments laid on deposit notes or contingent premiums, 



. 


$150 00 

25 18 

30 10 

243 24 


. 


$3,124 99 
$4,256 06 

$3,964 06 
292 00 


Amount. 

$2,566,995 00 
876,150 00 


$4,256 06 

Conting't Prem's. 

$327,691 00 
112,098 00 


$3,443,145 00 
925,850 00 


$439,789 00 
117,727 00 


$2,517,295 00 
emiums, 


$322,062 00 

$1,256 00 
2,896 00 



SOUTH DANVERS MUTUAL FIRE INSURANCE COMPANY, PEABODY. 

Incorporated June 12, 1829. Commenced business Aug. 1, 1829. 
G. HORACE MERRILL, President. FRANK TAYLOR, Secretary. 

Amount of permanent fund, . . 

Income. 

Net premiums, $5,329.87; extra premiums, $11.50, . 
Interest on stocks and bonds, $1,408.25; all other, $9.56, 
Dividend South Dan vers National Bank (insolvent), 
Borrowed money, . . . . . 

Policy fees, ......... 

From all other sources, . ... 



Total income, ....... 

Ledger assets, Dec. 31, 1905, less $1,000, error in 1905, 

Total, 

Disbursements. 
Net amount paid for losses, 
Profits on terminated policies, 
Commissions or brokerage, 
Salaries, fees, etc., of officers and employees, 
Rents, . . 

Taxes and fees, . • . * . 



33,697 


05 


$5,341 


37 


1,417 


81 


1,387 


66 


200 


00 


169 


00 


6 


12 



$8,521 96 
28,928 86 



$37,450 82 


$847 48 


4,513 


73 


92 


58 


910 


00 


102 


50 


36 


01 



SOUTH DANVERS MUTUAL FIRE INSURANCE CO. 



69 



Liquidation of First National Bank, Salem, 

All other disbursements, ...... 

Total disbursements, ...... 

Balance, ........ 

Ledger Assets. 
Stocks and bonds (schedule A), 
Cash in banks and office, ...... 

Agents' balances, . . . . . .• . 

Total ledger assets, ...... 

Non-Ledger Assets. 
Interest accrued : — 
On bonds, $215; other assets, $190, . 

Market value of stocks and bonds over book value, . 

Gross assets, ........ 

Liabilities. 
Unpaid losses, ........ 

Unearned premiums on outstanding risks, 

Interest due or accrued, ....... 

Dividends due policy holders, . . . . . 

Salaries and other miscellaneous expenses, due or accrued, 
Commissions and other charges due agents and brokers, 
Borrowed money, ........ 

All liabilities, except surplus, . 
Surplus, .......... 

Total liabilities, . . . . . . . 



$600 00 
306 07 


$7,408 37 


$30,042 45 

$29,550 04 
367 88 
124 53 


$30,042 45 

405 00 
1,364 84 


$31,812 29 

$406 88 

14,503 64 

2 17 

404 25 

89 50 

8 82 

200 00 


$15,615 26 
16.197 03 


$31,812 29 



Risks and Premiums. 

Amount. 

Risks outs'ding Dec. 31, 1905, $1,211,500 00 



Risks written during 1906, 

Total, . . . . 

Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, 

Net amount in force, 



308,975 00 

$1,520,475 00 
275,875 00 

$1,244,600 00 
12,500 00 

$1,232,100 00 



Cash Prem's. Conting't Prem's. 

$25,594 68 $76,784 04 
6,244 67 18,734 01 



$31,839 35 
5,780 07 

$26,059 28 
174 00 

$25,885 28 



,518 05 
17,340 21 

$78,177 84 



Miscellaneous. 
Losses incurred during the year, 
Profits or surplus returned during 1906, 20, 40, 60 and 100 per cent. 



,254 00 



Schedule A. Stocks and Bonds owned by the Company. 

Railroad Stocks. Book Value. Rate. Market Value. 

15 shares New York, New Haven & Hartford, . $3,168 75 190^ $2,857 50 

50 " Pennsylvania, 2,949 36 138f 3,459 38 

Bank Stocks. 

4 shares Andover National, .... 400 00 115 460 00 

1 share Cape Ann National, Gloucester, Mass., . 150 00 150 150 00 



70 traders' and mechanics' mutual FIRE INSURANCE CO. 



10 shares Naumkeag National, Salem, Mass., 

4 " State National, Boston, 
20 " Warren National, Peabody, Mass., 
Miscellaneous Stocks. 

7 shares American Telephone & Telegraph Co., 
20 " Androscoggin Mills, 

2 " Nashua Manufacturing Co., . 
20 " Naumkeag Steam Cotton Co., 

Municipal Bonds. 
Providence, R. I., 4s, 1921, 

Railroad Bonds. 
Boston & Maine 4s, 1942, . 

New York Central & Hudson River 3£s, 1997, 
Pennsylvania (convertible) 3^s, 1915, 

Miscellaneous Bonds. 
Western Telephone & Telegraph Co. 5s, 1932, 



Book Value. 


Rate. 


Market Value. 


$1,000 00 

560 00 

2,000 00 


151 

149 
105 


$1,510 00 

596 00 

2,100 00 


968 62 
2,000 00 

960 00 
2,045 00 


133^ 

140 

136 

86 


934 50 

2,800 00 
1,360 00 
1,720 00 


4,184 44 


103| 


4,150 00 


3,084 50 
2,094 37 
1,897 50 


103f 
93i 
93 


3,112 50 
1,865 00 
1,860 00 


2,087 50 


99 


1,980 00 


$29,550 04 


$30,914 88 



TRADERS' AND MECHANICS' MUTUAL FIRE INSURANCE COMPANY, 

LOWELL. 

Incorporated June, 1848. Commenced business June, 1848. 
CHARLES C. HUTCHINSON, President. EDWARD M. TUCKE, Secretary. 

Amount of permanent fund, ....... $410,988 69 

Income. 

Net premiums, $195,086.68; extra premiums, $1,607.13, . . $196,693 81 
Interest on mortgage loans, $4,432.11; collaterals, $455.44; 

stocks and bonds, $24,118.57, 29,006 12 

Rents, . . . . 1,223 85 

Profit on sale or maturity of ledger assets, .... 466 60 

Dividends on reinsurance and return premiums, . . . 694 89 

Profit and loss, 679 12 

Total income, . . . $228,764 39 

Ledger assets, Dec. 31, 1905, 627,968 27 

Total, $856,732 66 

Disbursements. 
Net amount paid for losses, ...... 

Profits on terminated policies, ..... 

Commissions or brokerage, ...... 

Salaries, fees, etc., of officers and employees, 

Rents, ......... 

Repairs and expenses on real estate, .... 

Real estate taxes, $327 . 55 ; other taxes and fees, $2,672 . 24, 

Loss on sale or maturity of stocks and bonds, . 

All other disbursements, ...... 



Total disbursements, 
Balance, 



Ledger Assets. 



Real estate, $12,000; mortgages, $58,165.60, 
Loans secured by collateral (schedule A), 
Stocks and bonds (schedule B), 



,391 85 

72,825 95 

29,113 00 

14,160 08 

1,696 00 

294 48 

2,999 79 

2,200 00 

12,582 48 

$212,263 63 

$644,469 03 



$70,165 60 

10,686 00 

525,100 00 



traders' and mechanics' mutual FIRE INSURANCE CO. 71 



Cash in banks and office, 
Agents' balances, . 



$14,201 19 
24,316 24 



Total ledger assets, .... 

Non-Ledger Assets. 
Interest due and accrued : — 
On mortgages, $1,442.81; bonds, $1,720; collateral 
Rents due and accrued on company's property, 
Market value of real estate over book value, 
Market value of stocks and bonds over book value, 


loans, $149.30, 

319.18; plus 
ters, 

Cash Prem's. 

$644,701 54 
210,821 60 

$855,523 14 
179,880 60 

$675,642 54 
12,772 62 


$644,469 03 

3,312 11 

150 00 

3,000 00 

56,208 25 


Gross assets, ...... 

Liabilities. 
Unpaid losses, ...... 

Unearned premiums on outstanding risks, $340, ( 

same on disallowed reinsurance, $327 . 84, 
Dividends due policy holders, 
Commissions and other charges due agents and bro' 


$707,139 39 

$175 00 

340,947 02 
4,040 60 
3,487 56 


All liabilities, except surplus, . 
Surplus, ....... 

Total liabilities, ..... 

Risks and Premiums. 

Amount. 

Risks outs'ding Dec. 31, 1905, $42,677,945 00 
Risks written during 1906, . 13,474,841 00 

Total, .... $56,152,786 00 
Risks expired and terminated, 11,832,406 00 


$348,650 18 
358,489 21 

$707,139 39 

Conting't Prem's. 

$644,701 54 
210,821 60 

$855,523 14 
179,880 60 


In force at end of year, . . $44,320,380 00 
Amount reinsured, . . 703,942 00 


$675,642 54 



Net amount in force, 



$43,616,438 00 $662,869 92 



Miscellaneous. 
Losses incurred during the year, 
Profits or surplus returned during 1906, 20, 40 and 60 per cent. 



$76,567 00 





Schedule A. Securities held 


as Collateral. 






Company's 


Loaned 




Market Value. 


Thereon, 


35 shares Tremont & Suffolk Mills, .... $3,255 00 


$3,000 00 


2 ' 


' Tremont & Suffolk Mills, . 




186 00 1 
1,000 00 J 


1,000 00 


4 ' 


' Lowell Gas Light Co., 




10 ' 


' Merrimack Mfg. Co., common, 




450 00 1 
540 00 J 


786 00 


6 ' 


' Merrimack Mfg. Co., preferred, 




13 ' 


' Swift & Co., .... 




1,430 00 I 




83 ' 


' Massachusetts Electric Co., preferred, 




5,644 00 \ 


4,100 00 


62 ' 


' Massachusetts Electric Co., common, 




1,116 00 J 




6 ' 


' Merrimack Mfg. Co., preferred, 




540 00 


450 00 


12 ' 


' New England Telephone & Telegraph Co., 


1,524 00 


1,350 00 






$15,685 00 


$10,686 00 



Schedule B. Stocks and Bonds owned by the Company. 

Railroad Stocks. Book Value. Rate. Market Value. 

200 shares Massachusetts Electric, preferred, . $20,000 00 67 $13,400 00 

25 " Vermont & Massachusetts, . . 2,500 00 171 4,275 00 



72 



WEST NEWBURY MUTUAL FIRE INSURANCE CO. 



Bank Stocks. 
100 shares Old Lowell National, 

Miscellaneous Stocks. 

35 shares Bigelow Carpet Co., . 

20 " Boott Mills, 
2 " Hamilton Manufacturing Co., 

70 " Lawrence Gas Co., 
462 " Lowell Gas Light Co., 

80 " Massachusetts Cotton Mills, 

68 " Massachusetts Cotton Mills, Georgia, 
200 " Massachusetts Gas Co., preferred, 
110 " Merrimack Mfg. Co., common, 

66 " Merrimack Mfg. Co., preferred, 

15 " Middlesex Co., 

50 " Tremont & Suffolk Mills, 

State and Municipal Bonds 
Andover, Mass., 4s, 1925, 
Boston, Mass., 4s, 1916, . 
Chicago, 111., 4s, 1914, 
Chicago, 111., Sanitary 5s, 1908, 
Fitchburg, Mass., 4s, 1925, 
Holyoke, Mass., 4s, 1925, . 
Maiden, Mass., 4s, 1925, . 
Marblehead, Mass., 4s, 1921, 
Marlborough, Mass., 4s, 1924, 
Massachusetts 3s, 1947, 
Quincy, 111., 4^s, 1911, 

Railroad Bonds 
Boston & Maine 4-Js, 1944, 
Fitchburg 4£s, 1914, 
Illinois Central (Omaha Div.) 3s, 1951, 
Illinois Central (St. Louis Div.) 3^s, 1951, 
Long Island 5s, 1932, 
Long Island (Long Isl. City & Flush. Br.) 5s, 1937 
Maine Central 4s, 1912, 
New England 5s, 1945, 
Ogdensburg & Lake Champlain 4s, 1948, 
Rutland & Canadian 4s, 1949, . 
Southern (St. Louis Div.) 4s, 1951, . 
United Traction & Electric Co. (Prov.) 5s, 1933, 
West End Street 4s, 1932, 

Miscellaneous Bonds. 
Amer. Telephone & Telegraph Co. notes, 5s, 1907, 



Book Value. 
$10,000 00 

3,500 00 

2,000 00 

2,000 00 

7,000 00 

46,200 00 

8,000 00 

6,800 00 

20,000 00 

11,000 00 

6,600 00 

1,500 00 

5,000 00 

15,000 00 
20,000 00 
5,000 00 
20,000 00 
10,000 00 
15,000 00 
10,000 00 
10,000 00 
10,000 00 
25,000 00 
12,000 00 

20,000 00 

15,000 00 

15,000 00 

30,000 00 

10,000 00 

1,000 00 

20,000 00 

10,000 00 

20,000 00 

20,000 00 

15,000 00 

15,000 00 

20,000 00 

10,000 00 
$525,100 00 



Rate. 
101 

112 

100 
67£ 
155 
250 
95 
96i 
85 
44| 
90 
50 
92^ 

102| 

101f 
lOOf 
100* 
103i 

103£ 
103J 
102* 
102* 
90i 
lOlf 

112 

103 

79f 

91 
110 
111* 
100* 
121* 

95 

95 

94* 
108* 
102 

99* 



Market Value. 
$10,100 00 

3,920 00 
2.000 00 
1,350 00 

10,850 00 

115,500 00 

7,600 00 

6,562 00 

17,000 00 

4,936 25 

5,940 00 

750 00 

4,625 00 

15,393 75 
20,325 00 
5,031 25 
20,100 00 
10,325 00 
15,487 50 
10,325 00 
10,212 50 
10,250 00 
22,562 50 
12,210 00 

22,400 00 
15,450 00 
11,962 50 
27,300 00 
11,000 00 
1,115 00 
20,100 00 
12,150 00 
19,000 00 
19,000 00 
14,175 00 
16,275 00 
20,400 00 

9,950 00 
$581,308 25 



WEST NEWBURY MUTUAL FIRE INSURANCE COMPANY, 

WEST NEWBURY. 

Incorporated March, 1828. Commenced business April, 1828. 
RICHARD NEWELL, President. - DANIEL COONEY, Secretary. 

[Note. — This company relies upon assessments on deposit notes to pay losses and expenses.] 

Income. 

$4 39 

1,100 00 

703 66 

129 00 



Interest on deposits, 
Borrowed money, . 
Assessments, 
Policy fees, . 



Total income, . 
Ledger assets, Dec. 31, 1905, 

Total, . 

Net amount paid for losses, 
Commissions or brokerage, 



,937 05 
104 20 



Disbursements. 



2,041 25 

$905 57 
44 60 



WORCESTER MANUFACTURERS' MUTUAL INSURANCE CO. 



73 



Salaries, fees, etc., of officers and employees, 
Rents, ....... 

Taxes and fees, ...... 

Borrowed money repaid, .... 

Interest, ....... 

All other disbursements, .... 

Total disbursements, .... 

Balance, ...... 



Ledger Assets. 



Cash in banks and office, 

Non-Ledger Assets. 
Furniture, fixtures and safe, ...... 

Unpaid assessments and policy fees, .... 

Gross assets, ........ 

Assets not admitted. 
Furniture, fixtures and safe, ...... 

Total admitted assets, ...... 

Liabilities. 
Interest due or accrued, ...... 

Commissions and other charges due agents and brokers, 
Borrowed money, ........ 



Total liabilities, 



Risks and Premiums. 



$395 95 


17 


00 


9 


11 


300 


00 


95 


00 


130 


72 


$1,897 


95 



$143 30 



$143 30 



75 00 
6 18 



$224 48 



75 00 



$149 48 

$62 00 

23 

2,700 00 



Risks outstanding Dec. 31, 1905, 
Risks written during 1906, 

Total, . . . 
Risks expired and terminated, 



Amount. 

$1,439,445 
364,393 



00 
00 



$1,803,838 
369,743 



00 
00 



$2,762 23 

Conting't Prem's. 

$100,286 82 
25,167 56 

$125,454 38 
24,373 33 



In force at end of year, 



Miscellaneous. 



Losses incurred during the year, 



$1,434,095 00 $101,081 05 



$406 00 



WORCESTER MANUFACTURERS' MUTUAL INSURANCE COMPANY, 

WORCESTER. 

Incorporated March 31, 1855. Commenced business March 31, 1855. 
WALDO E. BUCK, President. CHARLES S. [BACON, Secretary. 



Income. 
Net premiums, .... 
Interest on stocks and bonds, $23,327.76 
Profit on sale of stock, . 
Premiums of 1907 paid in advance, 
Sale of furniture, .... 

Total income, . . . 



all other, $2,209.17, 



$605,282 57 

25,536 93 

5,357 50 

523 10 

508 50 

$637,208 60 



74 WORCESTER MANUFACTURERS' MUTUAL INSURANCE CO. 

ledger assets, Dec. 31, 1905, . . ... . . $598,882 44 



Total, $1,236,091 04 

Disbursements. 

Net amount paid for losses, $33,013 79 

Profits on terminated policies, ...... 536,662 46 

Salaries, fees, etc., of officers and employees, .... 11,986 60 

Rents, 1,500 00 

Taxes and fees, ......... 5,772 45 

Premiums on bonds purchased, ...... 966 25 

Protective departments, . . . . . . . Ill 58 

Inspections, plans and adjustments, . . . . . 9,896 16 

Repairs, expenses and office furniture, . . . . . 2,632 84 

All other disbursements, ~ . . . . . . . 2,369 52 



Total disbursements, $604,911 65 



Balance, $631,179 39 

Ledger Assets. 

Stocks and bonds (schedule A), $557,550 00 

Cash in banks and office, ....... 68,709 17 

Premiums in course of collection, . . . . . . 4,920 22 



Total ledger assets, $631,179 39 

Non-Ledger Assets. 

Interest due and accrued on bonds, ..... 6,618 75 

Market value of stocks and bonds over book value, . . . 7,058 25 

Gross assets, $644,856 39 

Liabilities. 

Unpaid losses, . . . . < $1,120 87 

Unearned premiums on outstanding risks, .... 299,762 20 

Rent and taxes due or accrued, . . . . . . 2,360 30 

Premiums of 1907 paid in advance, ...... 523 10 



All liabilities, except surplus, ...... $303,766 47 

Surplus, 341,089 92 

Total liabilities, $644,856 39 

Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outs'ding Dec. 31, 1905, $73,304,498 00 $569,832 18 $2,849,160 90 

Risks written during 1906, . 83,517,632 00 635,596 94 3,177,984 70 



Total, .... $156,822,130 00 $1,205,429 12 $6,027,145 60 
Risks expired and terminated, 78,508,255 00 605,904 71 3,029,523 55 



In force at end of year, . . $78,313,875 00 $599,524 41 $2,997,622 05 

Miscellaneous. 
Losses incurred during the year, ...... $28,976 00 

Profits or surplus returned during 1906, 93.237 per cent. 



WORCESTER MUTUAL FIRE INSURANCE CO. 



75 



Schedule A. Stocks and Bonds owned by the Company. 



Railroad Stocks. 
100 shares Connecticut River, . 

52 " Norwich & Worcester, preferred, 
100 " Union Pacific, preferred, 
Miscellaneous Stocks. 
200 shares Northwestern Telegraph Co., 

Railroad Bonds. 
Atch., Top. & Santa Fe (general mort.) 4s, 1995, 
Boston & Albany Terminal 3*s, 1951, 
Boston & Lowell 3*s, 1923, 
Boston & Lowell 4s, 1932, 
Boston & Maine 4*s, 1944, 
Buffalo & Susquehanna Co. 4s, 1951, 
Central of New Jersey 5s, 1987, 
Chesapeake & Ohio 4*s, 1992, . 
Chicago, Burlington & Quincy 4s, 1922, 
Chicago, Burlington & Quincy 3*s, 1949, 
Chicago & Cincinnati 5s, 1952, . 
Chicago & Eastern Illinois 6s, 1907, . 
Chicago June. & Union Stock Yards 5s, 1915, 
Chicago, Rock Island & Pacific 4s, 2002, 
Cincinnati & Indiana Western 5s, 1952, 
Cincinnati, Richmond & Muncie 5s, 1950, 
Concord & Montreal 4s, 1920, . 
Erie (Pennsylvania collateral) 4s, 1951, 
Fitchburg 5s, 1908, .... 
Lake Shore & Michigan Southern 4s, 1928, 
No. Pac.-Gt. No. Joint (C, B. & Q, coll.) 4s, 1921 
Ogdensburg & Lake Champlain 4s, 1948, 
Old Colony 4s, 1924, 
Oregon R.R. & Navigation Co. 4s, 1946, 
Oregon Short Line 5s, 1946, 
Oregon Short Line 4s, 1929, 
Pennsylvania (convertible) 3*s, 1915, 
Richmond-Washington 4s, 1943, 
Rio Grande Western 4s, 1939, . 
Rutland (equipment) 4*s, 1912, 
Toronto, Hamilton & Buffalo 4s, 1946, 
Union Pacific 4s, 1947, 
West End Street 4*s, 1914, 
West End Street 4s, 1915, 
Wisconsin Central 4s, 1949, 

Miscellaneous Bonds, 
American Bell Telephone Co. 4s, 1908. 
American Telephone & Telegraph Co. 4s, 1929, 
American Telephone & Telegraph Co. 5s, 1907, 



Book Value. 

$25,000 00 

10,700 00 

7,700 00 

12,487 50 

15,000 00 

15,000 00 

20,000 00 

20,000 00 

20,000 00 

14,700 00 

10,000 00 

15,000 00 

17,000 00 

14,456 25 

5,000 00 

15,000 00 

6,000 00 

8.912 50 

5)300 00 

10,000 00 

20,000 00 

9,400 00 

15,000 00 

20,000 00 

23,531 25 

10,000 00 

15,000 00 

10,000 00 

5,000 00 

19,475 00 

24,000 00 

10,000 00 

10,000 00 

10,000 00 

4,887 50 

5,000 00 

10,000 00 

10,000 00 

9,200 00 

25,000 00 

9,800 00 

15,000 00 

$557,550 00 



Rate. 

285 

226 

94 

122 

100 

95f 

96f 
103f 
112 

96* 
126 
103f 

991 

92 
105 
100 
104 

76 
104 
107 
101i 

89| 

ioo| 

98 
961 
95 
102* 
98* 
114* 
93* 
93 
102* 
94 
97| 
96 
102 
103f 
1001 
88* 

98* 

90 

99* 



Market Value. 

$28,500 00 

11,752 00 

9,400 00 

12,200 00 

15,000 00 

14,362 50 

19,275 00 

20,C50 00 

22,400 00 

14,475 00 

12,600 00 

15,543 75 

16,978 75 

13,800 00 

5,250 00 

15,000 00 

6,240 00 

7,600 00 

5,200 00 

10,700 00 

20,250 00 

8,975 00 

15,037 50 

19,600 00 

24,218 75 

9,500 00 

15,375 00 

9,850 00 

5,725 00 

18,700 00 

23,250 00 

10,250 00 

9,400 00 

9,787 50 

4,800 00 

5,100 00 

10,375 00 

10,087 50 

8,850 00 

24,625 00 

9,CC0 00 

14.925 00 

$564,608 25 



WORCESTER MUTUAL FIRE INSURANCE COMPANY, WORCESTER. 

Incorporated Feb. 11, 1823. Commenced business May 1, 1824. 
LEWIS N. GILBERT, President. ROGER F. UPHAM, Secretary. 

Amount of permanent fund, ....... $420,000 00 

Income. 

Net premiums, $137,001.. 03; extra premiums, $720.72, . . $137,72175 
Interest on mortgage loans, $14,731.01; collaterals, $11.25; 

bonds, $14,480; all other, $978.40, 30,200 66 

Rents, 9,261 73 

From all other sources, . . . ... . . . 90 91 



Total income, 



$177,275 05 



76 



WORCESTER MUTUAL FIRE INSURANCE CO. 



Ledger assets, Dec. 31, 1905, . 

Total, 

Disbursements. 
Net amount paid for losses, . 
Profits on terminated policies, 
Commissions or brokerage, .... 
Salaries, fees, etc., of officers and employees, 
Repairs and expenses on real estate, 

Real estate taxes, $2,562.45; other taxes and fees, $2,139.85, 
Premiums and accrued interest on securities purchased, 
All other disbursements, ...... 

Total disbursements, T 

Balance, . . . . . . 

Ledger Assets. 

Real estate, $104,225; mortgages, $290,056, . 
Loans secured by collateral (savings bank book), 
Stocks and bonds (schedule A), 
Cash in banks and office, .... 

Agents' balances, ...... 

Total ledger assets, ... . 

Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $3,840.36; bonds, $5,639.96; collateral loans, 

$13.68; other assets, $80.92, 

Rents due and accrued on company's property, 

Gross assets, ......... 

Assets not admitted. 
Book value of bonds over market value, . . . . 

Total admitted assets, ....... 

Liabilities. 
Unearned premiums on outstanding risks, .... 

Dividends due policy holders, ...... 

Commissions and other charges due agents and brokers, 
Due for return premiums, . . . . ... 

All liabilities, except surplus, ...... 

Surplus, . . . . . . . . . 

Total liabilities, ........ 

Risks and Premiums. 

Amount. Cash Prem's. 

Risks outs'ding Dec. 31, 1905,. $43,183,325 00 $593,788 16 
Risks written during 1906, . 10,326,676 00 143,901 94 



$809,846 96 
$987,122 01 



$31,045 67 

74,489 77 

20,014 46 

15,023 78 

1,141 27 

4,702 30 

1,213 42 

6,953 01 

$154,583 68 

$832,538 33 



$394,281 00 

450 00 

385,000 00 

40,410 28 

12,397 05 

$832,538 33 



9,574 


92 


879 40 


$842,992 65 


6,637 


50 


$836,355 


15 


$286,274 44 


3,202 


67 


3,477 


77 


924 59 



$293,879 47 
, 542,475 68 

$836,355 15 



Conting't Prem's. 

$593,788 16 
143,901 94 



Total, 



$53,510,001 00 $737,690 10 $737,690 10 



WORCESTER MUTUAL FIRE INSURANCE CO. 



77 



Amount. 

Risks expired and terminated, $10,983,479 00 



Cash Prem's. Conting't Prem's. 

$153,903 07 $153,903 07 



In force at end of year, . 
Amount reinsured, 

Net amount in force, 



$42,526,522 00 
16,650 00 



$583,787 03 $583,787 03 
172 38 



$42,509,872 00 $583,614 65 



Miscellaneous. 
Losses incurred during the year, ...... 

Profits or surplus returned during 1906, 20, 40 and 60 per cent. 

Schedule A. Bonds owned by the Company. 



$25,469 00 



State Bonds. 
Massachusetts 3^s, 1945, . 
Massachusetts 3-^s, 1934, . 

Railroad Bonds. 
Bangor & Aroostook 4s, 1951, . 
Boston & Albany 3^s, 1951, 
Boston & Albany 4s, 1913, 
Boston Elevated 4s, 1935, 
Boston & Lowell 3£s, 1921, 
Boston & Maine 4^s, 1944, 
Boston & Maine 4s, 1937, . 
Central Pacific 4s, 1954, . 
Chicago, Burl. & Quincy (111. Division) 3£s, 1949, 
Chicago & Cincinnati 5s, 1952, . 
Chic, Mil. & St. Paul 4s, 1989, . 
Chicago, Rock Island & Pacific 4s, 1934, 
Chicago, Rock Island & Pacific 4s, 1988, 
Chicago & Western Indiana 4s, 1952, 
Cincinnati, Hamilton & Dayton 5s, 1942, 
Cincinnati, Indianap., St. Louis & Chic. 4s, 1936 
Concord & Montreal 4s, 1920, . 
Fitchburg 4s, 1927, .... 
Illinois Central (Louisville Division) 3^s, 1953, 
Illinois Central (St. Louis Division) 3^s, 1951, 
Maine Cent. (European & N. A. Branch) 4s, 1933 
Mohawk & Malone 4s, 1991, 
New York Central & Hudson River 3^s, 1997, 
New York, New Haven & Hartford 4s, 1947, 
New York, New Haven & Hartford 4s, 1955, 
New York, New Haven & Hartford 3^s, 1947, 
Pere Marquette 4s, 1943, .... 
St. Paul, Minnesota & Manitoba 4-|s, 1933, 
Toledo, Walhonding Valley & Ohio 4s, 1942, 
West End Street 4s, 1915, 
Worcester, Nashua & Rochester 4s, 1930, . 
Worcester, Nashua & Rochester 4s, 1934, . 



Book Value. 

$15,000 00 

5,000 00 

5,000 00 

5,000 00 

10,000 00 

5,000 00 

50,000 00 

5,000 00 

10,000 00 

5,000 00 

15,000 00 

10,000 00 

5,000 00 

32,000 00 

10,000 00 

10,000 00 

12,000 00 

5,000 00 

15,000 00 

25,000 00 

13,000 00 

13,000 00 

5,000 00 

9,000 00 

6,000 00 

10,000 00 

20,000 00 

10,000 00 

5,000 00 

5,000 00 

20,000 00 

6,000 00 

5,000 00 

4,000 00 

$385,000 00 



Rate. 
101 
100£ 

96 

95| 
101 
102 

96f 
112 
103£ 

95^ 

91f 
105 
106* 

90 

99f 

97 
106 
100 
101i 
101* 

91* 

91 

99 
103 

93i 
101 
101* 

91 

90 
110 

99 

ioh 

lOlf 



Market Value. 

$15,150 00 

5,043 75 

4,800 00 

4,787 50 

10,100 00 

5,100 00 

48,375 00 

5,600 00 

10,350 00 

4,775 00 

13,762 50 

10,500 00 

5,306 25 

28,800 00 

9,975 00 

9,700 00 

12,720 00 

5,000 00 

15,187 50 

25,375 00 

11,862 50 

11,830 00 

4,950 00 

9,270 00 

5,595 00 

10,100 00 

20,250 00 

9,100 00 

4,500 00 

5,500 00 

19,800 00 

6,052 50 

5,075 00 

4,070 00 

$378,362 50 



78 



AGGREGATE. 



AGGREGATE. 



Guaranty capital, ..... 

Assets. 
Admitted assets, ..... 

Liabilities. 
Xiabilities, . . . . 

Income. 

Net premiums, ...... 

Interest and dividends, .... 

Rents, ....... 

All other sources, . . . . . 






• 


$100,000 

$14,238,208 

$6,917,886 

$8,175,982 

516,465 

39,455 

76,621 


Total income, ........ 


$8,808,523 


Disbursements. 
Net amount paid for losses, 
Brokerage and commissions, 
Salaries and fees of officers and employees, 
State and local taxes, 
Rents, ...... 

Return of profits or surplus, 
Dividends on guaranty capital, . 
All other disbursements, 








$1,107,338 

308,387 

362,346 

94,806 

24,373 

5,802,761 

7,000 

385,906 


Total disbursements, . . . . . ... 


$8,092,917 


General Items. 
Net risks outstanding, . . . . . . . 

Contingent premiums thereon, ...... 

Losses incurred, . . . 

Permanent fund, ........ 


$1,239,821,981 

38,236,270 

1,128,545 

4,378,338 



CHINA MUTUAL INSURANCE CO. 



79 



MASSACHUSETTS MUTUAL FIRE-MARINE INSURANCE 

COMPANIES. 



CHINA MUTUAL INSURANCE COMPANY,. BOSTON. 

Incorporated April 30, 1853. Commenced business Oct. 1, 1853. 
EDMUND A. POOLE, President. WILLIAM H. LORD, Secretary. 

Office, 70 Kilby Street. 

Income. 

Net marine premiums, ........ $302,865 42 

Interest on stocks and bonds, $5,472.50; all other, $913.23, . 6,385 73 

Atlantic Mutual Insurance Co. scrip, ..... 150 00 

Borrowed money, ......... 50,000 00 

From all other sources, ........ 40 50 



Total income, .... 

Ledger assets, Dec. 31, 1905, . 

Total, 

Disbursements 
Net amount paid for marine losses, 
Commissions or brokerage, 
Salaries, fees, etc., of officers and employees, 
Rents, .... 7 . 

Taxes and fees, ..... 
Decrease in book value of stocks and bonds, 
Interest on loans, ..... 
Profit and loss, ..... 
Borrowed money repaid, 
All other disbursements, 

Total disbursements, 

Balance, ..... 

Ledger Assets 
Stocks and bonds (schedule A), 
Cash in banks and office, 
Premiums in course of collection, 
Bills receivable, ..... 



Total ledger assets, 

Salvage, 

Due from other companies, 



Non-Ledger Assets. 



$359,441 65 
218,268 61 

$577,710 26 



$235,442 29 

21,855 56 

21,270 00 

3,750 00 

1,801 71 

6,256 06 

1,838 02 

1,378 35 

50,000 00 

5,277 30 

$348,869 29 

$228,840 97 

$114,352 00 
22,512 36 
56,710 67 
35,265 94 

$228,840 97 

3,700 00 
3,800 00 



Gross assets, . 



$236,340 97 



80 



CHINA MUTUAL INSURANCE CO. 



Assets not admitted. 

Book value of stocks and bonds over market value, 
Prem's in course of collection over three months due, 
Bills receivable, past due, . . . 

Salvage, ....... 

Total unadmitted assets, 

Total admitted assets, ..... 

Liabilities. 

Unpaid losses, $66,862 ; less reinsurance, $9,363, 
Unearned premiums on outstanding risks, 
Interest due or accrued, . . . . 

Miscellaneous expenses due or accrued, . 
Commissions and other charges due agents and brokers, 
Due for return premiums (estimated), 
Due for reinsurance, ...... 

Unpaid scrip ordered to be redeemed, 



$88 00 

228 00 

122 28 

3,700 00 



All liabilities, except scrip and surplus, 
Surplus to policy holders, .... 
Scrip outstanding not ordered to be redeemed, 
Impairment of scrip reserve, .... 

Risks and Premiums. 



$21,200 68 



Marine risks outstanding Dec. 31, 1905, 
Marine risks written during 1906, . 

Total, . . r 

Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, 

Net amount in force, 

Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, 
Marine and inland losses incurred during the year, 



$9,188,453 00 
20,882,618 00 

$30,071,071 00 
19,809,144 00 

$10,261,927 00 
657,524 00 



:,138 28 



$232,202 69 



$57,499 00 

142,696 46 

332 20 

500 00 

2,500 00 

500 00 

6,914 35 

60 00 

$211,002 01 

506,090 00 
484,889 32 



Premiums. 

$232,123 70 
398,081 36 

$630,205 06 
372,391 86 

$257,813 20 
22,749 50 



1,604,403 00 $235,063 70 



$20,425,949 00 

. 14,671,227 00 

313,236 00 



Schedule A. Stocks and Bonds owned by the Company. 



Railroad Stocks. 
200 shares Boston & Albany, 
303 " New York, New Haven & Hartford, 

Miscellaneous Stocks. 
Atlantic Mutual Ins. Co. Scrip Issue 1901, . 
Atlantic Mutual Ins. Co. Scrip Issue 1902, . 
Atlantic Mutual Ins. Co. Scrip Issue 1903, . 
Atlantic Mutual Ins. Co. Scrip Issue 1904, . 
Atlantic Mutual Ins. Co. Scrip Issue 1905, . 
Atlantic Mutual Ins. Co. Scrip Issue 1906, . 
10 shares Underwriters' Salvage Co., . 

Railroad Bonds. 
Boston & Maine 3£s, 1921, . . 



Book Value. 

$48,000 00 

57,570 00 



4,932 00 ^ 



1,000 00 

2,850 00 
$114,352 00 



Rate. 
239* 
190* 

100 
100 
100 
100 
100 
100 
100 

96| 



Market Value. 

$47,900 00 

57,721 50 

2,000 00 
720 00 
630 00 
700 00 
540 00 
150 00 

1,000 00 

2,902 50 
$114,264 00 



INDIA MUTUAL INSURANCE CO. 



81 



INDIA MUTUAL INSURANCE COMPANY, BOSTON. 

Incorporated March 29, 1867. Commenced business May 2, 1867. 

Guaranty Fund Paid up in Notes, $150,000. 

H. B. ALDEN, President. GEO. H. CROWELL, Secretary 

Office, 72 Kilby Street. 

Income. 
Net fire premiums, 



Interest on stocks and bonds, $5,429 . 06 ; 
Profit on sale of stock, . 



all other, $434.78, 



Total income, 

Ledger assets, Dec. 31, 1905, less decrease of $2,000 in guaranty- 
fund, ..... 

Total, 

Disbursements. 
Net amount paid for fire losses, 
Interest and dividends to scrip holders, . 
Interest paid to scrip holders, .... 

Commissions or brokerage, .... 

Salaries, fees, etc., of officers and employees, 
Rents, ....... 

Taxes and fees, ...... 

Uncollected premiums, ..... 

Deposits with Underwriters' boards, 

All other disbursements, .... 

Total disbursements, .... 

Balance, ...... 

Ledger Assets. 
Stocks and bonds (schedule A), 
Cash in banks and office, ...... 

Agents' balances, ........ 

Subscription notes on time not exceeding 12 months not yet due, 

Total ledger assets, ...... 

Non-Ledger Assets. 
Interest accrued on bonds, ...... 

Market value of stocks and bonds over book value, . 

Gross assets, ........ 

Assets not admitted. 
Agents' balances over three months due, .... 

Total admitted assets, ...... 

Liabilities. 
Unpaid losses, including $1,200 resisted, .... 
Unearned premiums on outstanding risks, 
Dividends due scrip holders, ...... 



$146,503 95 
5,863 84 
1,623 12 

$153,990 91 

287,247 44 

$441,238 35 

$69,880 23 

3,040 00 

3,889 34 

33,925 -77 

8,717 90 

2,104 18 

2,865 84 

62 39 

200 00 

3,141 17 

$127,826 82 

$313,411 53 

$129,569 31 

10,892 97 

22,949 25 

150,000 00 

$313,411 53 

127 00 
17,625 69 

$331,164 22 

3,109 83 
$328,054 39 



$24,547 59 

93,720 22 

627 30 



82 



INDIA MUTUAL INSURANCE CO. 



Salaries and other miscellaneous expenses, due or accrued, 
Due for reinsurance, ....... 



$500 00 
743 02 



All liabilities, except capital and surplus, . 
Surplus to policy holders, .... 

Guaranty fund, ...... 

Scrip outstanding not ordered to be redeemed, 
Impairment of scrip reserve, .... 

Risks and Premiums. 



$207,916 26 



Risks outstanding Dec. 31, 1905, 
Fire risks written during 1906, 

Total, . 
Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, 

Net amount in force, 



$13,175,833 00 
14,829,763 00 

$28,005,596 00 
13,207,697 00 

$14,797,899 00 
506,906 00 



$120,138 13 

150,000 00 

150,471 00 

92,554 74 



Premiums. 

$166,336 79 
180,868 63 

$347,205 42 
160,069 98 

$187,135 44 
5,298 43 



$14,290,993 00 $181,837 01 



Miscellaneous. 
Premiums received from organization of company, . 
Losses paid from organization of company, 
Fire losses incurred during the year, 
Cash dividends declared from organization of company, 



£4,444,057 00 

3,061,274 00 

81,333 00 

146,697 00 



Schedule A. Stocks and Bonds owned by the Company. 



Railroad Stocks. 
25 shares Boston & Albany, 
112* " Boston & Maine, 

25 " Fitchburg, preferred, 
150 " Old Colony, 
100 " Pennsylvania, . 
125 " West End Street, preferred, 
Miscellaneous Stocks. 
60 shares American Telephone & Telegraph Co., 
50 " Pullman Co., .... 
10 " Southern Oregon Co., 
India Mutual scrip, $5,801, 

Railroad Bonds. 
Chicago, Burlington & Quincy Jt. 4s, 1921, 
New York Central & Hudson River 4s, 1934, 
N. Y., New Haven & Hartford convert. 3*s, 1956 
Pennsylvania convertible 3*s, 1915, . 

Miscellaneous Bonds. 
American Telephone & Telegraph 5s, 1907, 



Book Value. 

$5,716 00 

16,616 06 

2,383 25 

18,750 00 

6,843 75 

9,872 75 

9,225 00 

6,232 00 

843 00 



9,515 00 

2,960 00 

25,800 00 

4,675 00 

10,137 50 
$129,569 31 



Rate. 

239* 

161 

133 

198 

138| 

218 

133* 
182 



96^ 

97| 

112 

93 



99i 



Market Value. 
$5,987 50 
18,112 50 

3,325 00 
29,700 00 

6,918 75 
13,625 00 

8,010 00 
9,100 00 



9,687 50 

2,928 75 

25,200 00 

4,650 00 

9,950 00 
$147,195 00 



AGGREGATE. 



83 



AGGREGATE. 



Whole amount of guaranty fund, in subscription notes, 
Whole amount of outstanding scrip not cancelled, 



Assets. 



Liabilities. 



Income. 



Admitted assets, 



Liabilities, 



Net fire premiums, 
Net marine premiums, 
Interest and dividends, 
Borrowed money, 
All other sources, 

Total income, 



Disbursements. 
Net amount paid for fire losses, . 
Net amount paid for marine losses, 
Brokerage and commissions, 
Salaries and pay of officers and employees, 
Rents, . 

State and local taxes, 
Office, agency and incidental expenses, 
Interest paid scrip holders, . 
Borrowed money repaid, 

Total disbursements, . 

Miscellaneous. 
Net fire risks outstanding, . 
Net marine risks outstanding, 
Fire losses incurred, .... 
Marine losses incurred, 



$150,000 
656,561 



$563,957 



$331,140 



$146,504 

302,865 

12,250 

50,000 

1,814 

$513,433 



$69,880 

235,442 

55,781 

29,988 

5,854 

4,669 

18,153 

6,929 

50,000 

$476,696 



$14,290,993 

9,604.403 

81,333 

313,236 



84 



BOSTON INSURANCE CO. 



MASSACHUSETTS JOINT-STOCK FIRE, MARINE AND 
FIRE-MARINE INSURANCE COMPANIES. 



AMERICAN INSURANCE COMPANY, BOSTON. 

Incorporated June 12, 1818. Commenced business June 18, 1818. 

Paid-up Capital, $300,000. 

FRANCIS PEABODY, President. HENRY S. BEAN, Secretary. 

Office, SO Kilby Street. 

[For further information concerning this Company see Index.] 



BOSTON INSURANCE COMPANY, BOSTON. 

Incorporated Dec. 23, 1873. Commenced business Jan. 20, 1874. 

Paid-up Capital, $1,000,000. 

RANSOM B. FULLER, President. THOMAS H. LORD, Secretary. 

Office, 187 Milk Street. 

Income. 

Net fire premiums, $870,360.95; marine, $1,356,664.34, 
Interest on mortgage loans, $53,690.99; collaterals, $8,266.19: 



,381.81; all other 



, $13,741.30, 



$2,227,025 29 



stocks and bonds, 
Rents, 

Profit on sale or maturity of ledger assets 
Taxes refunded, 

Total income, 
Ledger assets, Dec. 31, 1905, 

Total, 

Disbursements. 

Net amount paid for fire losses, $366,253.19; marine, $653,233.63, 

Interest and dividends to stockholders, . 

Commissions or brokerage, 

Salaries, fees, etc., of officers and employees, 

Rents, ...... 

Repairs and expenses on real estate, 

Real estate taxes, $353.63; other taxes and fees, $43,943.75, 

Advertising, printing and stationery, 

Legal expenses, 

Boards and patrols, 

Furniture and fixtures, 

Maps and surveys, 

Profit and loss, 



171,080 29 

1,526 00 

16,593 40 

6,860 13 

$2,423,085 11 

4,147,537 17 

$6,570,622 28 



,019,486 82 

120,000 00 

393,317 78 

152,790 39 

17,531 76 

648 87 

44,297 38 

11,552 48 

509 16 

14,659 69 

5,381 48 

1,837 72 

1,314 30 



BOSTON INSURANCE CO. 



85 



Reduction in book value of real estate, . 

All other disbursements, .... 

Total disbursements, .... 

Balance, ...... 

Ledger Assets. 

Real estate, $58,000; mortgages, $1,301,900, . 
Loans secured by collateral (schedule A), 
Stocks and bonds (schedule B), . 
Cash in banks and office, .... 

Agents' balances, ...... 

Bills receivable, not matured, 

Atlantic Mutual Insurance Co. scrip, 

Due from other companies for reinsurance,, 

Deposit with fire boards, .... 

Total ledger assets, ....... 

Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $9,504.42; stocks and bonds, $8,608 . 07 ; other 

assets, $400, . 

Market value of stocks and bonds over book value, . 



$505 87 
23,465 12 

$1,807,298 82 

$4,763,323 46 



$1,359,900 00 

91,600 00 

2,501,455 93 

379,127 01 

335,588 51 

69,414 29 

1,000 00 

25,037 72 

200 00 

$4,763,323 46 



Gross assets, . . . . . . . 

Assets not admitted. 
Agents' balances over three months due, . . $19,067 85 

Bills receivable, past due, ..... 5,453 01 

Special deposits less $3,856.50 liability thereon, . 17,242 50 
Deposit with fire boards, ..... 200 00 

Due from unauthorized companies for reinsurance, . 11,748 11 

Total unadmitted assets, .... 

Total admitted assets, ...... 

Liabilities. 

Unpaid losses, including $8,767.47 resisted, $347,457.08; less 
reinsurance, $30,086.16, ....... 

Unearned premiums on outstanding risks, .... 

Commissions and other charges due agents and brokers, 

Due for reinsurance, ........ 

Contingent salvage, ........ 



18,512 49 
297,588 95 

$5,079,424 90 



All liabilities, except capital and surplus, 
Surplus to policy holders, 
Paid-up capital, ..... 
Surplus over capital and general liabilities, 



$3,403,848 07 



Total liabilities, 



53,711 47 
$5,025,713 43 



$317,370 92 

1,258,110 20 

39,599 64 

3,807 10 

2,977 50 

51,621,865 36 

1,000,000 00 

2,403,848 07 

$5,025,713 43 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1905, 
Fire risks written during 1906, 

Total, 



Premiums. 

$142,488,350 00 $1,419,257 97 
144,630 722,00 1,376,121 78 

$287,119,072 00 $2,795,379 75 



86 



BOSTON INSURANCE CO. 



Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, 

Net amount in force, 

Marine risks outstanding Dec. 31, 1905, 
Marine risks written during 1906, . 

Total, . 
Risks expired and terminated, 

In force at end of year, . 

Amount reinsured, . . . 

Net amount in force, 



$110,035,338 00 

$177,083,734 00 
38,507,257 00 



Premiums. 

,088,105 51 

,707,274 24 
354,118 99 



$138,576,477 00 $1,353,155 25 



$22,072,788 00 
162,392,664 00 

$184,465,452 00 
155,590,804 00 

$28,874,648 00 
663,325 00 



$709,124 12 

1,632,334 11 

$2,341,458 23 

1,453,611 20 

$887,847 03 

22,964 89 



$28,211,323 00 $864,882 14 



Miscellaneous. 

Premiums received from organization of company, . 

Losses paid from organization of company, 

Fire losses incurred during the year, 

Marine and inland losses incurred during the year, . 

Cash dividends declared from organization of company, 

Dividends declared during the year (12 per cent.), 

Company's stock owned by directors, . . . 



$44,517,719 00 

28,288,891 00 

368,042 00 

709,753 00 

2,960,000 00 

120,000 00 

138,900 00 



Schedule A. Securities held as Collateral. 

Company's 
Market Value. 
$28,220 00 

18,750 00 
1,500 00 

46,056 80 
2,121 20 
2,000 00 J 
9,600 00 

10.950 00 1 
1,510 00 / 
1.000 00 

20,000 00 
4,500 00 



83 shares Boston Safe Deposit & Trust Co., 
375 " Eastern Steamship Co., . 
10 " Bangor & Aroostook R. R. Co., 
10 " Aroostook Construction Co., 
20 " Northern Telegraph Co. (Par $50), 
2,000 " Bangor Investment Co. (Par $1), 
60 " General Electric Co., 
50 " Bates Manufacturing Co., 
5 " First National Bank, Boston, Mass., 
4 " Union Insurance Co., Bangor, Me., 
Eastern Steamship Co. 5s, 1927, 
Mortgage, No. 71 Highland Street, Roxbury, Mass., 



Loaned 
Thereon. 

$15,000 00 
8,500 00 

35,000 00 

6,000 00 

9,000 00 

600 00 

15,000 00 

2,500 00 



$146,208 00 $91,600 00 



Schedule B. Stocks and Bonds owned by the Company. 



Railroad Stocks. 
350 shares Boston & Albany, . 
100 " Boston & Lowell, . 
270 " Chic, Milwaukee & St. Paul (com.), 
270 rights Chic, Milwaukee & St. Paul, . 
Subscrip. to 67 shares C, M. & St. P. com. st'k 

(10% pd.), 

Subscrip. to 135 shares C, M. & St. P. pref. st'k 
(10% pd.), 

75 shares Connecticut & Passumpsic (pref.), 
500 " Delaware & Hudson, 
250 " Fitchburg (preferred), 
50 " Manchester & Lawrence, 
1,130 " New York Central & Hudson, 
1,000 " New. York, New Haven & Hartford 

100 " Old Colony, .... 
1,600 " Pennsylvania, . 

60 " Wisconsin Central (preferred),. 
60 " Wisconsin Central (common), . 



Book Value. 

$72,624 27 

16,412 50 

29,312 70 



670 00 

1,350 00 

10,338 25 

93,890 62 

20,808 38 

12,582 50 

164,690 00 

192,442 78 

17,712 50 

99,071 88 

5,718 75 

2,093 48 



Rate. 
239^ 
231 
148f 
33i 

100 

100 

156| 

222 

133 

250 

131 

190£ 

198 

138f 

49 

25 



Market Value. 

$83,825 00 

23,100 00 

40,196 25 

9,045 00 

670 00 

1,350 00 

11,765 63 

111,000 00 

33,250 00 

12,500 00 

177,636 00 

190,500 00 

19,800 00 

110,700 00 

2,940 00 

1,500 00 



BOSTON INSURANCE CO. 



87 



Bank Stocks. 
100 shares Atlantic National, Boston, 
130 " Beverly National, . 
100 " Brookline National, 
182 " Commercial National, Boston, 
125 " Faneuil Hall National, Boston, 
300 " First National, Boston. . 

Equity in 100 shares First Nat., Salem (in liq.), 
125 shares Freeman's National, Boston, . 
100 " Mercantile National, Salem, 
400 " Merchants National, Boston, . 
100 " Merchants National, Worcester, 

' 100 " Merchants National, Salem, 
150 " National Bank of Republic, Boston, 
100 " National Exchange, Boston, 

17 " National Grand, Marblehead, . 
200 " National Shav/mut, Boston, 
50 " Naumkeag National, Salem, 
150 " New England National, Boston, 
300 " State National, Boston, . 

Equity in 50 shares Tremont National (in liq.), 
154 shares Webster- Atlas National, Boston, 

Miscellaneous Stocks. 

1,000 shares American Tel. & Tel. Co., 
275 " Edison Electric Illuminating Co., 
500 " Old Colony Insurance Co., Boston, 
408 " Pullman Co., 

5 " Underwriters' Salvage Co. of N. Y., 
State and Municipal Bonds. 

Boston, Mass., 4s, 1909, 

Boston, Mass., 4s, 1910, 

Boston, Mass., 4s, 1920, 

Boston, Mass., 4s, 1921, 

Boston, Mass., 4s, 1921, 

Georgia 4*s, 1915, 

Georgia 4*s, 1915, 

Georgia 3*s, 1918, 

Georgia 3*s, 1920. 

Georgia 3*s, 1928, 

Newton, Mass., 4s, 1920, 

Savannah, Ga., 5s, 1909, 

Railroad Bonds 

Albany & Susquehanna 3*s, 1946, . 

Atchison, Topeka & Santa F6 gen. mtge. 4s, 1995, 

Atchison, Topeka & Santa Fe adjustment 4s, 1995, 

Boston & Lowell 4s, 1932, 

Chicago, Burlington & Quincy 4s. 1922, 

Fitchburg 5s, 1908, . . 

Fitchburg 4s, 1925, .... 

Fitchburg 4s, 1927, .... 

Illinois Central (Louisville Division) 3*s, 1953, 

N. Y. Cen. & Hudson River (Lake Shore) 3*s, 1998 

N. Y., N. H. & H. convertible 3*s, 1956, 

Old Colony 4s, 1925, 

Oregon Short Line 6s, 1922, 

Oregon Short Line 5s, 1946, 

Pennsylvania convertible 3*s, 1912, 

Pennsylvania convertible 3*s, 1915, 

Southern 4s, 1951, . 

West Shore 4s, 2361, 

Wisconsin Central 4s, 1949, 

Miscellaneous Bonds. 
American Tel. & Tel. Co. notes, 6s, 1907, 
Clyde Steamship Co. 5s, 1934, . 
Eastern Steamship Co. 5s, 1927, 
Mallory Steamship Co. 5s, 1932, 
New England Tel. & Tel. Co. notes, 6s, 1907, 



Book Value. 
$15,593 00 
16,603 00 
10,000 00 
34,955 00 
17,209 25 
56,663 00 

7,793 13 
11,050 00 
12,285 37 
67,169 13 
15,000 00 

6,822 75 
19,391 12 
11,625 00 

2,040 00 
30,000 00 

6,790 00 
20,584 00 
39,886 08 

2,556 50 
21,108 50 

119,909 51 

62,952 22 

75,000 00 

35,411 25 

500 00 

14,712 49 

9,808 34 

50,565 00 

51,062 50 

102,750 00 

2,280 00 

3,420 

1,067 

3,232 

1,102 
25,500 00 
10,578 37 



00 
50 
50 
50 



10,164 80 

39,676 07 

21,931 36 

25,500 00 

5,000 00 

26,010 41 

51,125 00 

10,687 50 

23,750 00 

44,550 00 

37,500 00 

16,462 50 

10,000 00 

600 00 

10,000 00 

20,000 00 

2,510 22 

5,175 00 

11,718 33 

50,000 00 
144,399 12 

50,000 00 
100,000 00 

50,000 00 

$2,501,455 93 



Rate. 
143 
150 
200 
140 
160 
298 
25 
117 
103 
210 
160 
160 
164 
159 
115 
275 
151 
140 
149 

148 

133* 

227* 
150 
182 
100 

100 

100 

102f 

102| 

102f 

111 

111 

104$ 

105f 

109 

102f 

101* 

112 
100 

91f 
103* 

99* 
1001 

101* 
101* 

91* 

86} 

112 

102* 

121* 

114* 

98 ~ 

93 

96* 

103* 

88* 

100 

99 
100 

99 
100 



Market Value. 
$14,300 00 
19,500 00 
20,000 00 
25,480 00 
20,000 00 
89,400 00 

2,500 00 
14,625 00 
10,300 00 
84,000 00 
16,000 00 

8,000 00 
24,600 00 
15,900 00 

1,955 00 
55,000 00 

7,550 00 
21,000 00 
44,700 00 

22,792 00 

133,500 00 
62,562 50 

112,500 00 

74,256 00 

500 00 

15,000 00 

10,000 00 

51,312 50 

51,375 00 

102,750 00 

2,220 00 

3,330 00 

1,046 25 

3,161 25 

1,090 00 

25,656 25 

10,251 50 

11,200 00 
56,000 00 
27,525 00 
25,812 50 

4,993 75 
25,062 50 
50,750 00 
10,150 00 
22,812 50 
43,125 00 
42,000 00 
15,375 00 
12,150 00 
572 50 

9,800 00 
18,600 00 

1,930 00 

5,175 00 
10,620 00 

50,000 00 
148,500 00 
50,000 00 
99,000 00 
50,000 00 

$2,799,044 88 



88 



MERCANTILE FIRE AND MARINE INSURANCE CO. 



MERCANTILE FIRE AND MARINE INSURANCE COMPANY, BOSTON. 

Incorporated Feb. 11, 1823. Commenced business May, 1823. 
Paid-up Capital, $200,000.* 



GEO. T. CRAM, President. 



JAMES SIMPSON, Secretary. 



Office, 47 Kilby Street. 

Income. 
Gross fire premiums, ....... 

Interest on mortgage loans, $5,034 . 15 ; collaterals, $582 . 50 

stocks and bonds, $13,386.89; all other, $5,709.33, 
Profit and loss, ........ 

Commissions, ...'..... 

Borrowed money, . ... • . 

Assessment on capital stock, ...... 

Total income, ....... 

Ledger assets, Dec. 31, 1905, ...... 

Total, 

Disbursements. 
Net amount paid for fire losses, ..... 

Reinsurance and return premiums, . 

Interest and dividends to stockholders, .... 

Commissions or brokerage, ...... 

Salaries, fees, etc., of officers and employees, 

Rents, ......... 

Taxes and fees, . . . . . . . . 

Profit and loss, ........ 

All other disbursements, ...... 

Total disbursements, ...... 

Balance, ........ 

Ledger Assets. 
Mortgages, .... 
Stocks and bonds (schedule A), 
Cash in banks and office, 
Agents' balances, . 
Due from other companies, 

Total ledger assets, .... 

Non-Ledger Assets. 
Interest accrued : — 
On mortgages, $319 . 95 ; bonds, $1,064 . 98, 
Market value of stocks and bonds over book value, 

Gross assets, . . . 



$592,721 67 

24,712 87 
60,438 21 
162,515 93 
70,000 00 
79,164 64 



,553 32 
674,925 89 

,664,479 21 



$502,742 00 

705,058 09 

16,000 00 

106,744 43 

8,016 48 

1,094 25 

4,592 51 

5,003 84 

12,791 22 

1,362,042 82 

$302,436 39 



$54,300 00 
94,076 25 

100,994 43 
29,212 04 
23,853 67 

$302,436 39 



1,384 93 
7,037 50 

$310,858 82 



* Capital decreased during the year $200,000. 



MERCANTILE FIRE AND MARINE INSURANCE CO. 



89 



Assets not admitted. 
Due from unauthorized companies, ..... 

Total admitted assets, ....... 

Liabilities. 

Unpaid losses, including $7,420.88 resisted, $183,443.81; less 
reinsurance, $133,466.25, ....... 

Interest due or accrued, ....... 

Borrowed money, ......... 



1,890 70 



$303,968 12 



All liabilities, except capital and surplus, 
Paid-up capital, ..... 
Impairment of capital, .... 
Surplus to policy holders, 



$200,000 00 
17,213 75 



Total liabilities, 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1905, 
Fire risks written during 1906, 

Total, . . 

Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, 



$78,879,258 00 
45,402,058 00 



,977 56 
1,204 31 
70,000 00 

$121,181 87 



182,786 25 
$303,968 12 



Premiums. 

,823 82 
592,721 67 



$124,281,316 00 $1,559,545 49 
59,422,220 00 782,241 92 



$64,859,096 00 
64,859,096 00 



$777,303 57 
777,303 57 



Miscellaneous. 
Premiums received from organization of company, . 
Losses paid from organization of company, 
Fire losses incurred during the year, 
Cash dividends declared from organization of compaii}'', 
Stock dividends declared from organization of company, 
Dividends declared during the year (8 per cent.), 
Company's stock owned by directors, 



$13,573,016 00 

8,979,639 00 

526,483 00 

2,456,720 00 

100,000 00 

16,000 00 

33,450 00 



Schedule A. Stocks and Bonds owned by the Company. 



Bank Stocks. 
120 shares Union National, Boston, . 

Municipal Bonds. 
Cambridge, Mass., 4s, 1912, 

Railroad Bonds. 
Boston & Albany 4s, 1913, 
Boston & Lowell 4s, 1913, 
Boston Terminal 3^s, 1947, 
Chicago, Burlington & Quincy 3^s, 1949, 
Fitchburg 4s, 1907, .... 
New York Central & Hudson River 4s, 1934, 
New York, New Haven & Hartford 3^s, 1947, 



Book Value. 
$12,000 00 

5,000 00 

10,000 00 
5,000 00 

20,700 00 

10,000 00 
7,000 00 
7,052 50 

17,323 75 

$94,076 25 



Rate. 
178 

100^ 

101 

100i 
1051 

92 
100 

97f 

91 



Market Value. 
$21,360 00 

5,025 00 

10,100 00 
5,025 00 

21,100 00 
9,200 00 
7,000 00 
6,833 75 

15,470 00 

$101,113 75 



Since December 31 the impairment has been made good and a surplus of $19,626.85 was 
shown by an official examination by this department Jan. 22, 1907. 



90 



OLD COLONY INSURANCE CO. 



OLD COLONY INSURANCE COMPANY, BOSTON. 

Incorporated June 2, 1906. Commenced business June 7, 1906. 

Paid-up Capital, $400,000. 

RANSOM B. FULLER, President. CHARLES D. HODGES, Secretary. 

Office, 137 Milk Street. 



Income. 
Net fire premiums, ........ 

Interest on mortgage loans, $732.27 ; stocks and bonds, $2,831.94; 

all other, $4,140.94, 

Premium on capital stock, ....... 

Total income, . . . . 

Ledger assets on organization, ...... 

Total, 

Disbursements. 
Net amount paid for fire losses, ...... 

Commissions or brokerage, . . . . 

Salaries, fees, etc., of officers and employees, . . ' . 

Rents, .......... 

Taxes and fees, . . . . . . ... 

Advertising, printing and stationery, . . . • . 

Maps, ........... 

Legal expenses, ......... 

All other disbursements, ....... 

Total disbursements, ....... 

Balance, ......... 

Ledger Assets. 
Mortgages, . . . . 

Stocks and bonds (schedule A), 
Cash in banks and office, 
Agents' balances, . 
Reinsurance due on losses paid, 
Deposit with Philadelphia Board of Underwriters, 

Total ledger assets, ....... 

Non-Ledger Assets. 
Interest accrued : — 
On mortgages, $950.11; bonds, $3,159.59, . 

Gross assets, ......... 

Assets not admitted. 
Book value of stocks and bonds over market value . $6,331 10 
Deposit with Philadelphia Board of Underwriters, . 100 00 
Total unadmitted assets, .... — 

Total admitted assets, ....... 



$108,810 11 

7,705 15 
200,000 00 

$316,515 26 
400,000 00 

$716,515 26 



$6,571 22 

22,377 21 

9,052 09 

1,406 24 

1,546 19 

3,276 90 

744 50 

375 00 

2,408 38 

$47,757 73 

$668,757 53 



$108,500 00 

441,201 10 

85,973 87 

31,543 69 

1,438 87 

100 00 

$668,757 53 

4,109 70 
$672,867 23 

6,431 10 
$666,436 13 



SPRINGFIELD FIRE AND MARINE INSURANCE CO. 



91 



Liabilities. 

Unpaid losses, $7,258.82; less reinsurance, $20.33, . 
Unearned premiums on outstanding risks, 
Commissions and other charges due agents and brokers, 
Due for reinsurance; ...... 



All liabilities, except capital and surplus, 
Surplus to policy holders, 
Paid-up capital, ..... 
Surplus over capital and general liabilities, 



$594,710 48 



Total liabilities, 



Risks and Premiums. 



Fire risks written during 1906, 
Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, 

Net amount in force, 



$14,621,371 

2,537,757 



00 
00 



$7,238 49 

60,119 03 

3,903 03 

465 10 

$71,725 65 

400,000 00 
194,710 48 

$666,436 13 



Premiums. 

$143,922 38 
20,294 84 



$12,083,614 

1,748,493 



00 $123,627 54 
00 18,816 29 



$10,335,121 00 $104,811 25 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, 
Fire losses incurred during the year, 
Company's stock owned by directors, 



$143,922 00 

9,534 00 

13,810 00 

142,700 00 



Schedule A. Stocks and Bonds owned by the Company. 



Bank Stocks. 
100 shares Merchants National, Worcester, 

State and Municipal Bonds. 
Belmont, Mass., 4s, 1910, 
Belmont, Mass., 4s, 1911, 
Boston, Mass., 3^s, 1925, . 
Cambridge, Mass., 4s, 1910, 
Gloucester, Mass., 4s, 1908, 
Holyoke, Mass., 4s, 1907-36, 
Lawrence, Mass.. 4s, 1911, 
Lawrence, Mass., 4s, 1914, 
Lynn, Mass., 4s, 1916, 
Massachusetts 3^s, 1935, . 
Milton, Mass., 3^s, 1912, . 
Watertown, Mass., 4s, 1912-16, 

Railroad Bonds. 
New York, New Haven & Hartford 4s, 1956, 

Miscellaneous Bonds. 
American Tel. & Tel. Co. 5s, 1907, 



Book Value. 
$15,800 00 

3,015 00 

1,006 10 

99,250 00 

50,250 00 

10,000 00 

30,696 00 

9,101 25 

5,106 25 

25,412 50 

104,700 00 

985 00 

10,129 00 

50,750 00 

25,000 00 
$441,201 10 



Rate. 
160 

lOOf 
100f 
96f 
100 
100 
102| 
100f 
10H 

ioif 

lOOf 

99 
101* 

101* 

99* 



Market "Value. 
$16,000 00 

3,011 25 

1,006 25 

96,750 00 

50,000 00 

10,000 00 

30,862 50 

9,056 25 

5,075 00 

25,468 75 

100,875 00 

990 00 

10,150 00 

50,750 00 

24,875 00 
$434,870 00 



SPRINGFIELD FIRE AND MARINE INSURANCE COMPANY, 

SPRINGFIELD. 

Incorporated 1849. Commenced business 1851. 
Paid-up Capital, $2,000,000 



A. W. DAMON, President 

Net fire premiums, 



Income. 



W. J. MACKAY, Secretary. 

. $4,574,254 42 



92 



SPRINGFIELD FIRE AND MARINE INSURANCE CO. 



Interest on mortgage loans, $26,590.79; collaterals, $342.11; 

stocks and bonds, $169,167 . 57 ; deposits, $14,392 .51, . 
Rents, including company's own occupancy, 
Profit on sale or maturity of ledger assets, 



Total income, .... 

Ledger assets, Dec. 31, 1905, . 

Total, 

Disbursements 
Net amount paid for fire losses, 
Interest and dividends to stockholders, . 
Commissions or brokerage, 
Salaries, fees, etc., of officers and employees, 
Rents, including company's own occupancy, 
Real estate taxes, $6,132; other taxes and fees, $124,907.21, 
Loss on sale or maturity of ledger assets, 
Office and agency supplies, 
Maps, ....... 

Legal expenses, ..... 

Agents' balances, . 

Traveling expenses, .... 

All other disbursements, 

Total disbursements, 

Balance, ..... 

Ledger Assets. 

Real estate, $352,443.92; mortgages, $768,070, 
Loans secured by collateral (30 shares Eastern Oil Co., 22 shares 
Boston & Albany), ........ 

Stocks and bonds (schedule A), ... 

Cash in banks and office, ....... 

Agents' balances, ......... 



$210,492 98 

16,214 91 

421,583 28 

. $5,222,545 59 
. 6,403,302 83 

$11,625,848 42 



. $3,349,131 


14 


200,000 


00 


866,504 44 


199,120 


97 


10,000 


00 


131,039 


21 


12,608 


05 


50,234 


70 


12,639 


21 


6,517 


16 


4,018 


03 


188,937 


60 


172,700 


84 


. $5,203,451 


35 


. $6,422,397 07 



51,120,513 92 

6,000 00 

3,865,375 98 

586,262 99 

844,244 18 



Total ledger assets, ....... 

Non-Ledger Assets. 

Interest accrued : — 
On mortgages, $12,940.13; bonds, $16,493.75; collateral loans, 

$150, 

Market value of stocks and bonds over book value, . 

Gross assets, ......... 



i,422,397 07 



29,583 88 
478,441 27 

$6,930,422 22 



$18,359 01 
443 92 



Assets not admitted. 

Special deposits less $103,178.49 liability thereon, 
Book value of real estate over market value, . 

Total unadmitted assets, ... — 

Total admitted assets, ....... 

Liabilities. 
Unpaid losses, including $25,170.84 resisted, $392,645.79; less 
reinsurance, $60,118.18, ....... 



18,802 93 



1,911,619 29 



$332,527 61 



SPKINGFIELD FIRE AND MARINE INSURANCE CO. 



93 



Unearned premiums on outstanding risks, $3,432,608.85 
same on disallowed reinsurance, $4,957 . 62, . 



All liabilities, except capital and surplus, 
Surplus to policy holders, 
Paid-up capital, . . . 

Surplus over capital and general liabilities, 



plus 



,141,525 21 



Total liabilities, 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1905, 
Fire risks written during 1906, 

Total, . 
Risks expired and terminated 

In force at end of year, . 
Amount reinsured, 

Net amount in force, 



$551,944,557 00 
. 489,021,434 00 



$,437,566 47 

$,770,094 08 

2,000,000 00 

1,141,525 21 

^6,911,619 29 



Premiums. 

56,323,025 54 
5,956,466 54 



1,040,965,991 00 $12,279,492 08 
. 416,986,150 00 4,982,747 58 



$623,979,841 00 $7,296,744 50 
. 73,966,101 00 797,935 31 



$550,013,740 00 $6,498,809 19 



Miscellaneous. 

Premiums received from organization of company, . 

Losses paid from organization of company, 

Fire losses incurred during the year, 

Cash dividends declared from organization of company, 

Stock dividends declared from organization of company, 

Dividends declared during the year (10 per cent.), 

Company's stock owned by directors, 



,465,386 00 

39,478,835 00 

3,476,840 00 

5,154,542 00 

1,500,000 00 

200,000 00 

121,800 00 



Schedule A. Stocks and Bonds owned by the Company. 



Railroad Stocks. 

500 shares Atchison, Topeka & Santa Fe, pref., 

500 " Baltimore & Ohio, common, 

500 " Chic, Milwaukee & St. Paul, com., 
Subscrip. to 387 shares Chic, Mil. & St. Paul, com 

(10% pd.), 
1,050 shares Chic, Milwaukee & St. Paul, pref., 
1,550 rights Chic, Milwaukee & St. Paul, pref., 
Subscrip. to 775 shares Chic, Mil. & St. Paul, pref. 
(10% pd.), 

400 shares Connecticut River, . 

140 " Hampshire Street, 

800 " Holyoke Street, 
1,000 " Illinois Central, 
1,000 " Manhattan Street, 

500 " Northern Pacific, . 
4,800 " Pennsylvania, 

500 " Southern Pacific, common, 

500 " Southern, preferred, 
1,000 " Springfield Cos., preferred, 
1,000 " Union Pacific, common, . 
Bank Stocks. 
20 shares Adams National, North Adams, 

150 " Boylston National, Boston, 

250 " Chapin National, Springfield, . 

300 " Chicopee National, Springfield, 

300 " City National, Holyoke, 

100 " Eliot National, Boston, . 
60 " First National, Northampton, 

200 " Fourth National, New York, . 



Book Value. 

$49,899 58 

50,562 50 

60,469 72 

3,870 00 
141,475 00 



7,750 00 

98,800 00 

14,000 00 

132,385 00 

118,881 28 

157,187 50 

90,562 50 

296,879 14 

46,737 50 

47,200 00 

100,000 00 

114,254 40 

2,910 00 
21,238 00 
31,302 50 
41,694 00 
33,328 75 
10,496 75 

8,686 50 
23,880 75 



Rate. 

99 

119* 

148| 

100 
162f 
331 

100 
285 
120 
215 
1651. 
142f 
185£ 
138| 
92| 
94 
98 
180£ 

115 
100 
120 
155 
120 
200 
130 
212^ 



Market Value. 

$49,500 00 

59,750 00 

74,437 50 

3,870 00 

170,887 50 

51,925 00 

7,750 00 

114,000 00 

16,800 00 

172,000 00 

165,500 00 

142,750 00 

92,625 00 

332,100 00 

46,375 00 

47.000 00 

98,000 00 

180,250 00 

2,300 00 
15,000 00 
30,000 00 
46,500 00 
36,000 00 
20,000 00 

7,800 00 
42,500 00 



94 



SPRINGFIELD FIRE AND MARINE INSURANCE CO. 



62 shares Freeman's National, Boston, . 
100 " Holyoke National, Holyoke, . 
150 " Merchants' National, Boston, . 
200 " Merchants' National, Worcester, 

35 " Monson National, Monson, 
250 " National Bank of Commerce, Boston, 
300 " Nat'l Bank of Commerce, New York, 
163 " National Exchange, Boston, 
200 " Nat. Bk. of N. America, New York, 
300 " National Bank of Republic, Boston, 
522 " National Shawmut, Boston, 
400 " New England National, Boston, 
108 " Northampton Nat'l, Northampton, 
100 " Old Boston National, Boston, 
500 " Second National, Boston, 
460 " Third National, Springfield, . 
100 " Webster & Atlas National, Boston, 

Miscellaneous Stocks. 
200 shares American Express Co., . 
100 " Holyoke Water & Power Co., . 
400 " Maiden & Melrose Gas Light Co., 

1,000 " Massachusetts Gas Cos., preferred, 

1,050 " N. E. Investment & Sec. Co., pref., 
750 " Pullman's Palace Car Co., 
200 " Springfield Gas Light Co., 
State, County and Municipal Bonds. 

Georgia 4£s, 1915, . 

Port of Portland, Ore., 4s, 1933, 

Richmond, Va., 4s, 1938, . 

Valencia County, New Mexico, 5s, 1932, 
Railroad Bonds. 

Holyoke Street 5s, 1920, .... 

Holyoke Street 5s, 1923, .... 

New York, New Haven & Hartford 3^s, 1956, 
Miscellaneous Bonds. 

American Writing Paper Co. 5s, 1919, 

Central Union Telephone Co. 5s, 1919, 

Conn. Safe Dep. & Trust Co. 5% cert, (secured 
by deposit in trust of 500 shares Conn. & Pas- 
sumpsic Rivers R.R. stock), .... 

Torrington Co. 5s, 1918, 

Western United Gas & Electric Co. 5s, 1940-44, . 



Book Value. 
$6,746 75 
15,800 00 
20,083 00 
32,200 00 
5,596 00 
34,512 13 
48,380 13 
22,754 12 
28,212 76 
47,367 50 

126,427 00 
59,630 75 
19,762 00 
12,216 25 

107,945 00 
80,642 50 
13,056 00 

42,025 00 
35,055 00 
68,400 00 
86,000 00 
101,412 50 
66,160 35 
50,500 00 

11,425 00 
50,000 00 
53,375 00 
10,550 00 

8,000 00 

23,506 00 

685,433 87 

14,000 00 
49,750 00 



50,000 00 
25,000 00 
49,000 00 



Rate. 

117 

170 

210 

160 

123 

156 

181 

159 

270 

164 

275 

140 

200 

109 

225 

220 

148 

240 
350 
180 

85 

921 
182 
260 

111 
100 
100 
104f 

108f 
1101 
112 

87 
95 



100 

100 

99 



Market Value. 

$7,254 00 

17,000 00 

31,500 00 

32,000 00 

4,305 00 

39,000 00 

54,300 00 

25,917 00 

54,000 00 

49,200 00 

143,550 00 

56,000 00 

21,600 00 

10,900 00 

112,500 00 

101,200 00 

14,800 00 

48,000 00 
35,000 00 
72,000 00 
85,000 00 
97,125 00 
136,500 00 
52,000 00 

11,100 00 
50,000 00 
50,000 00 
10,437 50 

8,700 00 

25,908 75 

672,000 00 

17,400 00 
47,500 00 



50,000 00 
25,000 00 
49,500 00 



5,865,375 98 



1,343,817 25 



AGGREGATE . 



95 



AGGREGATE.* 



Capital Stock. 
Whole amount of capital actually paid up in cash, 


$3,600,000 


Assets. 
Admitted assets, ........ 


$12,907,737 


Liabilities. 
Liabilities, ......... 


$5,584,867 


Income. 
Fire premiums, ........ 

Net marine premiums, ....... 

Interest and dividends, ....... 

All other sources, ........ 


$6,146,147 

1,356,664 

413,991 

1,034,897 


Total income, . . . ... 


$8,951,699 


Disbursements. 
Net amount paid for fire losses, . 
Paid for marine losses, 
Dividends to stockholders, 
Brokerage and commissions, 
Rents, 

Salaries and pay of officers and employees, 
State and local taxes, 
Office, agency and incidental expenses, 
Reinsurance and return premiums, 








$4,224,697 
653,234 
336,000 
1,388,943 
30,032 
368,979 
181,475 
532,132 
705,058 


Total disbursements, ....... 


$8,420,550 


Miscellaneous. 
Cash dividends declared, 
Net fire risks outstanding, . 
Net marine risks outstanding, 
Fire losses incurred, .... 
Marine losses incurred, 








$336,000 

698,925,338 

28,211,323 

4,385,175 

709,753 



* Not including the American of Boston. 



96 ADIRONDACK FIRE INSURANCE CO. 



FIRE, MARINE AND FIRE-MARINE INSURANCE COMPANIES 

OF OTHER STATES. 



ADIRONDACK FIRE INSURANCE COMPANY, NEW YORK, N. Y. 

Incorporated April 13, 1906. Commenced business May 1, 1906. 

Paid-up Capital, $200,000. 
G. A. MITCHELL, President. R. H. McKelvey, Secretary. 

Home Office, 66 Broadway. 

Income. 

Net fire premiums, $124,170 03 

Interest on bonds, ........ 6,119 12 



Total income, . $130,289 15 

Ledger assets, May 1, 1906, . . . . . ... 300,142 46 



Total, 

Disbursements. 
Net amount paid for fire losses, 
Commissions or brokerage, .... 

Salaries, fees, etc., of officers and employees, 
Taxes and fees, . . . . . . 

Organization expenses, ..... 



430,431 


61 


$18,757 73 


7,264 


17 


25,619 


34 


1,188 


27 


679 


65 



Total disbursements, ....... $53,509 16 



Balance, . . . $376,922 45 

Ledger Assets. 

Bonds (schedule A), $306,750 00 

Cash in banks and office, . . . . . . 43,425 24 

Agents' balances, . . . ' . 26,747 21 



Non-Ledger Assets. 



Total ledger assets, 

Interest accrued on bonds, 

Gross assets, ...... 

Assets not admitted. 
Agents' balances over three months due, . 
Book value of bonds over market value, . 
Total unadmitted assets, 

Total admitted assets, . . . . . $371,541 23 



• 


$376,922 45 


• 


1,812 53 


• 


$378,734 98 


$100 00 
7,093 75 


7 10^ 7^ 







vETNA INSURANCE CO. 



97 



Liabilities. 

Unpaid losses, $4,626.28; less reinsurance, $15.40, 
Unearned premiums on outstanding risks, 

All liabilities, except capital and surplus, . 
Surplus to policy holders, .... 

Paid-up capital, ...... 

Surplus over capital and general liabilities, 



$300,977 03 



Total liabilities, 



Risks and Premiums. 



Fire risks written during 1906, 
Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, 

Net amount in force, 



59,557,146 
1,928,201 



$4,610 88 
65,953 32 

$70,564 20 

200,000 00 
100,977 03 

$371,541 23 



Premiums. 

00 $168,367 14 
00 28,604 36 



$7,628,945 
464,433 



00 $139,762 78 
00 8,227 70 



$7,164,512 00 $131,535 08 



Miscellaneous. 



Premiums received from organization of company, . . . 

Losses paid from organization of company, .... 
Fire losses incurred during the year, ..... 

Company's stock owned by directors, ..... 

Schedule A. Bonds owned by the Company. 

Railroad Bonds. Book Value. Rate. 

International Traction Co. 4s, 1949, . . . $20,000 00 79 

Municipal Bonds. 

New York, N. Y., 4s, 1955, . . . . 107,812 50 102£ 

New York, N. Y., 4s, 1956, .... 102,750 00 102i 

New York, N. Y., 4s, 1955, . . . . 25,437 50 102£ 

Miscellaneous Bonds. 

Lackawanna Steel Co. 5s, 1923, . . . 26,000 00 101^ 

Niagara Falls Power Co. 5s, 1932, . . . 24,750 00 99 



$306,750 00 



$168,367. 00 

" 20,687 00 

23,228 00 

139,200 00 



Market Value. 
$19,750 00 

102,125 00 

102,125 00 

25,531 25 

25,375 00 
24,750 00 

$299,656 25 



.ETNA INSURANCE COMPANY, HARTFORD, CONN. 

Incorporated June, 1819. Commenced business Aug. 17, 1819. 

Paid-up Capital, $4,000,000. 
WM. B. CLARK, President. WM. H. KING, Secretary. 

Home Office, 670 Main Street. 

Income. 

Net fire premiums, $6,480,270.21; marine, $416,924.78, . . $6,897,194 99 

Deposit premiums on perpetual risks, ..... 6,677 25 
Interest on mortgage loans, $636; stocks and bonds, $550,- 

741.33; all other, $19,789.52, 571,166 85 

Profit on sale or maturity of ledger assets, .... 11,45900 

Profits on reinsurance, . . . . . . . . 43,342 35 

Profit and loss, 298 71 



98 



.ETNA INSURANCE CO. 



Borrowed money, . 
From all other sources, . 

Total income, 
Ledger assets, Dec. 31, 1905, 

Total, . 



. $1,850,000 00 

1,295 00 

. $9,381,434 15 

. 14,237,240 06 

$23,618,674 21 



Disbursements. 



Net amount paid for fire losses,$5,661, 842.59; marine,$239, 182.72, 

Deposit premiums returned, . 

Interest and dividends to stockholders, . 

Commissions or brokerage, 

Salaries, fees, etc., of officers and employees, 

Repairs and expenses on real estate, 

Real estate taxes, $2,580; other taxes and fees, $164,126.64, 

Loss on sale or maturity of bonds, . 

Advertising, printing and stationery, 

Legal expenses, 

Adjustment expenses, 

Furniture and fixtures, . 

Expenses of inland department, 

Miscellaneous expenses of Western, Northwestern and Pacific 

department, 
Agency expenses, . 
Local board and bureau expenses, 
Borrowed money repaid, 
Profit and loss, 

Miscellaneous expenses of home office, 
Traveling expenses of special agents, 
All other disbursements, .... 

Total disbursements, .... 

Balance, ...... 

Ledger Assets. 

Real estate, $588,207.93; mortgages, $12,600, . 
Stocks and bonds (schedule A), 
Cash in banks and office, .... 

Agents' balances, . . . . 



55,901,025 31 

2,558 75 

772,000 00 

1,175,515 32 

411,485 97 

3,160 79 

166,706 64 

37,724 85 

58,252 65 

8,066 53 

19,232 35 

590 85 

8,204 82 

47,440 99 

137,761 04 

94,037 40 

1,000,000 00 

700 47 

43,710 88 

90,874 79 

3,007 70 

. $9,982,058 10 

$13,636,616 11 



Total ledger assets, .... 

Non-Ledger Assets. 
Interest accrued : — 
On mortgages, $196; other assets, $412.15, 
Market value of stocks and bonds over book value, 

Gross assets, ...... 

Assets not admitted. 

Agents' balances over three months due, . 
Special depositsless $271,174.29 liability thereon, 
Book value of real estate over market value, 
Total unadmitted assets, . 



),807 93 

. 11,509,562 95 

776,700 80 

749,544 43 

$13,636,616 11 



608 15 
. 1,930,231 08 

$15,567,455 34 



$18,497 05 
25,832 49 
88,207 93 



Total admitted assets, 



132,537 47 
$15,434,917 87 



JETNA INSURANCE CO. 



99 



Liabilities. 

Unpaid losses, $782,151.71; less reinsurance, $157,215.78, 

Unearned premiums on outstanding risks, 

Reclaimable on perpetual fire policies, 

Interest due or accrued, 

Borrowed money, ..... 



All liabilities, except capital and surplus, 
Surplus to policy holders, 
Paid-up capital, ..... 
Surplus over capital and general liabilities, 

Total liabilities, .... 



1,211,575 24 



$624,935 93 

5,650,107 84 

89,073 86 

9,225 00 

850,000 00 

. $7,223,342 63 



4,000,000 00 
. 4,211,575 24 

$15,434,917 87 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1905, . . $832,393,047 00 $10,466,752 07 

Fire risks written during 1906, . . 665,031,700 00 8,803,239 67 

Total, . . 

Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, 



,497,424,747 00$19,269 ; 991 74 
555,474,944 00 7,358,060 67 



$941,949,803 00 $11,911,931 07 
114,013,875 00 1,587,563 19 



Net amount in force, 

Perpetual risks in force (not included above), 

Marine risks outstanding Dec. 31, 1905, 
Marine risks written during 1906, . 

Total, . . 

Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, 

Net amount in force, 



$827,935,928 00 $10,324,367 88 

$3,953,828 00 $93,761 95 

$18,401,024 00 $344,749 11 

88,654,658 00 603,994 55 



$107,055,682 00 
89,480,742 00 

$17,574,940 00 
1,236,422 00 



$948,743 66 
620,546 28 

$328,197 38 
35,159 28 



$16,338,518 00 $293,038 10 



Miscellaneous. 

Premiums received from organization of company, . 

Losses paid from organization of company, 

Fire losses incurred during the year, 

Inland marine losses incurred during the year, . 

Cash dividends declared from organization of company, 

Stock dividends declared from organization of company, 

Dividends declared during the year (19.3 per cent.), 

Company's stock owned by directors, . . 



$205,904,465 00 

108,748,827 00 

5,803,066 00 

215,919 00 

29,945,365 00 

2,805,000 00 

772,000 00 

199,000 00 



Schedule A. Stocks and Bonds owned by the Company. 



Railroad Stocks. 
500 shares Albany & Susquehanna, 



300 
545 
233 

182 
850 



Allegheny & Western, 
Bald Eagle Valley, . 
Baltimore & Ohio, preferred, 
Baltimore & Ohio, common, 
Chic, Milwaukee & St. Paul, pref., 



Book Value. 

$46,662 50 
45,875 00 
49,560 00 
17,635 27 
18,187 94 

136,000 00 



Rate. 
245 
145 
240 

92^ 
119* 
162f 



Market Value. 

$122,500 00 
43,500 00 
65,400 00 
21,494 25 
21,749 00 
138,337 50 



100 



2ETNA INSURANCE CO. 



300 shares Chic, Milwaukee & St. Paul, com., 

1,150 rights C, Mil. & St. Paul, 
350 shares Chicago & Northwestern, preferred, 

205 " Chicago & Northwestern, common, 

750 " Clev., Cin., Chic. & St. Louis, pref., 

1,000 " Cleveland & Pittsburgh, . 

300 " Connecticut River, . 

300 " Dayton & Micliigan, preferred, 

300 " Delaware & Bound Brook, 

500 " Fort Wayne & Jackson, preferred, 

500 " Georgia R.R. and Banking Co., 

300 " Uhnois Central, 

181 " Illinois Southern, common, 

100 " Johet & Chicago, . 

450 " Kalamazoo, Allegan & Gr. Rapids, 

1,000 " Morris & Essex, 

1,437 " N. Y. Central & Hudson River, 

500 " New York & Harlem, 

250 " N. Y., Lackawanna & Western, 

2,888 " New York, New Haven & Hartford, 

875 " Oswego & Syracuse, 

1,500 " Pennsylvania, 

300 " Peoria & Bureau Vallev, . 

1,000 " Pittsburg, Fort Wayne" & Chicago, 

1,000 " Rensselaer & Saratoga, . 

250 " Rome, Watertown & Ogdensburg, 

140 " St. Joseph, S. Bend & South'n, pref, 

500 " St. Joseph, S. Bend & South'n, com 

290 " Utica, Chenango & Susque. Valley, 

400 " Valley (New York), 

Bank Stocks. 

200 shares iEtna National, Hartford, Conn., 

400 " Amer. Exchange Nl., N. Y., . 

200 ". American National, Hartford, Conn, 

400 " Bank of the Manhattan Co., N. Y., 

300 " Bank of N. Y. Nat. Banking Asso., 

100 " Central Trust Co., N. Y., 

400 " Charter Oak Nat'l, Hartford, Conn., 

200 " City, Hartford, Conn., . 

150 " Conn. R. Bkg. Co.. Hartford, Conn., 

350 " Farmers' & M. Nat., Hartford, Conn, 

250 " Farmers' & M. Nat., Phila, Pa., 

300 " First National, Hartford, Conn., 

75 " First National, N. Y., . 

300 " Hanover National, N. Y., 

1,000 " Hartford National, Hartford, Conn. 

200 " HoUand Trust, N. Y., . 

300 ". Importers' and Traders' Nat., N. Y. 

100 " International Banking Corp., N. Y., 

112 " Market and Fulton National, N. Y. 

345 " Mechanics' National, N. Y., 

120 " Merchants' Exchange Nat'l, N. Y., 

700 " Merchants' National, N. Y., 

100 " Metropohtan Trust, N. Y., 

625 " National Bank of Commerce, N. Y., 

500 " National City, N. Y„ 

550 " Nat'l Exchange, Hartford, Conn., 

100 " New Britain Nl., New Britain, Conn, 

150 " New York Life Ins. & Trust Co., 

200 " Peoples, N. Y., 

1,000 " Phoenix National, Hartford, Conn., 

550 " State, Hartford, Conn., . 

100 " Third Nat'l, N. Y. (in liquidation), 

100 " Union Trust, N. Y., 

100 " United States Trust, N. Y., 
Miscellaneous Stocks. 

Atlantic Mut. Ins. Co. scrip, 1900-05, 

400 shares American Telegraph & Cable Co., 

50 " Connecticut River Co., . 

3 " General Adjustment Bureau of N. Y., 

300 " Gold and Stock Telegraph Co., 



Book Value. 
$29,996 00 

57,412 50 
20,441 33 
73,881 25 
46,032 75 
28,016 66 
23,636 00 
54,000 00 
50,175 00 

120.710 00 
38,456 25 
22,500 00 

9,462 75 
55,750 00 
43,968 75 

152,561 35 
36,681 25 
33,333 33 

293,041 26 
92,545 50 
91,328 14 
55,755 93 

112,201 75 

173,575 00 
33,333 33 
13,940 00 
50,000 00 
45,950 00 
44,550 00 

21,408 50 
43,983 00 
10,500 00 
26,708 00 
36,766 55 
11,000 00 
51,832 25 
27,087 00 

9,300 00 
63,192 50 
28,488 00 
34,906 50 
20,571 00 
50,037 00 
140,359 00 
30,200 00 
30,000 00 
20,000 00 
14,143 00 
38,636 00 

8,792 50 
39,918 52 
11,000 00 
84,379 77 
66,889 00 
34,306 25 
10,000 00 
18,525 00 

5,544 00 

146.711 50 
63,779 00 
11,900 00 
10,000 00 
28,510 00 

39,217 50 

36,750 00 

2,500 00 

150 00 

36,000 00 



Rate. 
148| 
33* 
230 
198* 
110 
177 
285 
210 
206 
142 
261 
165* 

180 
143 
182 
131 
380 
127f 
190* 
230 
138| 
197 
173 
200 
127* 
100 
35 
155 
130 

225 
247 
140 
300 
315 

2,025 
134 
101 
190 
110 
145 
150 
715 
502* 
145 
51 
550 
135 
265 
245 
170 
160 
572* 
181 
265 
130 
165 

1,010 

300 

125 

150 

5 

1,340 

1,275 

100 
90 
100 
100 
110 



Market Value. 

$44,662 50 
38,525 00 
80,500 00 
40,641 25 
82,500 00 
88,500 00 
85.500 00 
31,500 00 
61,800 00 
71,000 00 

130,500 00 
49,650 00 

18,000 00 

64,350 00 

91,000 00 

188,247 00 

95,000 00 

31,843 75 

550,164 00 

100,625 00 

103,781 25 

59,100 00 

173,000 00 

200,000 00 

31,875 00 

14,000 00 

17,500 00 

44,950 00 

52,000 00 

45,000 00 
98,800 00 
14,000 00 
60,000 00 
94,500 00 

202,500 00 
53,600 00 
20,200 00 
8,550 00 
38,500 00 
36,250 00 
45,000 00 
53,625 00 

150,750 00 

145,000 00 
10,200 00 

165,000 00 
13,500 00 
29,680 00 
84,525 00 
10,200 00 
56,000 00 
57,250 00 

113,125 00 

132,500 00 
35,750 00 
16,500 00 

151,500 00 
15,000 00 

125,000 00 

82,500 00 

500 00 

134,000 00 

127,500 00 

38,430 00 

36,000 00 

5,000 00 

150 00 

33,000 00 



JETNA INSURANCE CO. 



101 



300 shares International Ocean Telegraph Co., 
1,000 " Northwest Telegraph Co., 

10 " Underwriters' Salvage Co. of N. Y., 
Government Bonds. 
United States 4s, 1925, .... 

State, County and Municipal Bonds. 
Albina, Oregon, 6s, 1921, . 
Americus, Ga., 6s, 1919 and 1920, 
Arizona Territory 5s, 1942, 
Bainbridge, Ga., 6s, 1911 to 1926, 
Chicago, 111., Sanitarv District 5s, 1908-11-] 
Cleveland, O., 4s, 1912, . 
Cleveland, 0., 4s, 1922, . 
Cleveland, O., 4s, 1925, . 
Dallas, Tex., 5s, 1920, 
Durham, N. C, 4*s, 1935, . 
Georgia 4^s, 1915, 
Greensborough, N. C, 6s, 1922, 
Greenville, Ala., 6s, 1907 or 1922, 
Hamilton, Ont., 4s, 1920, 
Jersey City, N. J., 5s, 1923, 
Lexington, Kv., 5s, 1918, 
Mecklenburg County, N. O, 6s, 1920 
Mississippi 6s, 1907, 
Montreal, Canada, 4s, 1942, 
Montreal, Canada, 4s, 1926, 
Montreal, Canada, 4s, 1917, 
New Mexico Territorv 5s, 1925, 
Ogden, Utah, 5s, 1912, 
Port of Portland, Ore., 5s, 1922, 
Railway, N. J., 4s, 1922, . 
Richmond, Va., 6s, 1907 and 1910, 
Richmond, Va., 4s, 1929 and 1938, 
Roanoke, Va., 4s, 1936, 
School District, No. 2, Enfield, Conn., 
Seattle, Wash., 5s, 1910, . 
Sioux Falls, S. D.. 5s, 1910, 
Spokane County, Wash., 4*s, 1923, 
Tacoma. Wash., 5s, 1913, 
Talbot County, Ga., 6s, 1907 and 1912 
Tennessee 3s, 1913. . 
Topeka, Kan., 5s, 1910, 
Urbana, O., 4*s, 1908, 
Westmount, Quebec, 3*s, 1938, 
Winnipeg, Man., 4s, 1909 and 1914, 
Winston, N. C, 5s, 1924, . 

Railroad Bonds. 
Alabama Central 6s, 1918, 
Baltimore & Ohio 4s, 1948, 
Buffalo, New York & Erie 7s, 1916, 
Central Branch 4s, 1919, . 
Central Ohio 4*s, 1930, . 
Central Pacific 3*s, 1929, . 
Central Pacific 1st ref. 4s, 1949, . 
Central of New Jersev 5s, 1987, 
Ches. & O. (Rich. & Alle. Div.) 1st mort. 4s, 1989 
Chicago, Burlington & Quincv 4s, 1922, 
Chic, Burlington & Quincy (111. Div.) 3*s, 1949, 
Chic, Burlington & Quincy (Neb. Ex.) 4s, 1927, 
Chicago & Erie 5s, 1982, .... 
Chicago, Hammond & Western 6s, 1927, 
Chic, Mil. & St. Paul (Hast. & Dak. Div.) 7s, 1910 
Chic, Mil. & St. Paul (Dubuque Div.) 6s, 1920, 
Chic, Mil. & St. Paul (So. Minn. Div.) 6s, 1910, 
Chicago, Milwaukee & St. Paul 4s, 1989, 
Chicago North Shore Street 6s, 1912, 
Chicago & Northwestern (Madison Ex.) 7s, 1911, 
Chicago & Northwestern 6s, 1929, 
Chicago & Northwestern 7s, 1915, 
Chicago & Northwestern 3*s, 1987, 
Chicago & Northwestern 5s, 1933, 



Book Value. 


Rate. 


Market Value. 


833,000 00 


117* 


§35,250 00 


50,992 93 


122 


01,000 00 


1,000 00 


100 


1,000 00 


113,718 85 


129f 


129,625 00 


27,750 00 


117 


29,250 00 


18,795 00 


Hlf 


17,860 00 


15,450 00 


103| 


15,543 75 


8,000 00 


108| 


8,690 00 


I, 53,348 75 


103* 


51.625 00 


52,095 00 


lOOf 


50,312 .50 


25,625 00 


lOlf 


25,437 50 


25,687 50 


102 


25,500 00 


43,673 10 


107 


46,010 00 


26,718 75 


103f 


25.937 50 


11,400 00 


111 


11,100 00 


24,480 00 


114 


27,360 00 


20,000 00 


100 


20,000 00 


48,185 00 


98* 


45,310 00 


26,304 79 


1111 


27,812 50 


52,846 83 


1071 


53,625 00 


75,815 00 


117 


84,240 00 


12,320 00 


100 


11,000 00 


54,250 00 


99* 


49,625 00 


8,254 43 


99 


5,940 00 


4,080 00 


99* 


3,965 00 


10,550 00 


100 


10,000 00 


18,270 00 


104* 


18,810 00 


54,152 78 


111 


55.500 00 


44,796 80 


96 


21,120 00 


20,226 75 


103£ 


13,938 75 


25.650 00 


100 


25.000 00 


30,000 00 


96f 


28,987 50 


4,000 00 


100 


4,000 00 


50,000 00 


102| 


51,187 50 


25,000 00 


101 


25,250 00 


51,250 00 


102* 


51,250 00 


30,550 00 


105 


31,500 00 


8,550 00 


lOlf 


8,110 00 


29,004 20 


96* 


22,195 00 


25,000 00 


lOlf 


25.343 75 


26,500 00 


100 


25.000 00 


50,375 00 


85* 


42,625 00 


36,235 40 


99f 


34,662 53 


25,000 00 


107 


26,750 00 


58,000 00 


115* 


57,625 00 


73,437 50 


100f 


75,562 50 


97,590 00 


120 


90,000 00 


31,450 00 


95 


35,150 00 


27,593 75 


107 


26,750 00 


840 00 


85* 


852 50 


25,000 00 


98* 


24,718 75 


66,812 50 


126 


63.000 00 


44,401 80 


100 


55.000 00 


25,343 75 


99* 


33,957 50 


5,250 00 


91f 


6,422 50 


21,500 00 


102 


25,500 00 


224,906 25 


116* 


215,525 00 


62,500 00 


124 


62,000 00 


, 60,750 00 


108 


54,000 00 


28,179 17 


121 


30,250 00 


55,677 50 


105* 


52.625 00 


10,000 00 


106* 


10,612 50 


26,500 00 


87 


21,750 00 


39,865 83 


110* 


33,150 00 


23,456 25 


111 


23,310 00 


68,593 75 


121 


60,500 00 


86,860 00 


96* 


82,990 00 


25,850 00 


112* 


24,750 00 



102 



JETNA INSURANCE CO. 



Book Value. Rate. Market Value. 

Chicago & Northwestern 5s, 1929, . . . $1,125 00 106 $1,060 00 

Chicago, Rock Island & Pacific 6s, 1917, . . 75,850 00 117 70,200 00 

Chicago, Rock Island & Pacific 4s, 1988, . . 103,500 00 99f 99,750 00 

Chicago & Western Indiana 4s, 1952, . . 101,000 00 97 97,000 00 

Chicago & Western Indiana 6s, 1932, . . 125,500 00 112 117,600 00 

Cicero and Proviso Street, Chicago, 5s, 1915, . 25,000 00 80 20,000 00 

Cincinnati, Dayton & Ironton 5s, 1941, . . 53,087 50 108f 54,375 00 

Cincinnati, Findlay & Fort Wayne 4s, 1923, . 49,200 00 93 46,500 00 

Cincinnati, Hamilton & Dayton 5s, 1942, . . 117,23167 106 114,480 00 

Cincinnati, Indianapolis & Western 4s, 1953, . 49,500 00 94 47,000 00 

Cleveland, Cincinnati, Chicago & St. Louis 4s, 1993, 199,250 00 101 202,000 00 

Cleveland, Columbus, Cin. & Ind'napolis 7s, 1914, 126,551 50 119 119,000 00 

Cleveland, Lorain & Wheeling 5s, 1933, . . 87,555 00 112| 84,375 00 

Columbus & Toledo 4s, 1955, . . . . 110,585 64 100 95,000 00 

Dayton & Michigan 5s, 1911, .... 21,100 00 100 20,000 00 

Delaware & Hudson Canal (Penn. Div.) 7s, 1917, . 31,970 00 127| 31,875 00 

Des Moines & Fort Dodge 4s, 1935, . . . 24,437 50 96 24,000 00 

Detroit 5s, 1912-15-21-24, .... 53,739 90 105^ 52,750 00 

Flint & Pere Marquette 5s, 1939, . . . 26,030 00 108 27,000 00 

Flint & Pere Marquette (Port Huron Div.) 5s, 1939, 59,262 50 108 59,400 00 

Galv'st'on, H'sb'g & S.Antonio (M.& P.Ex.) 5s, 1931, 54,000 00 109 54,500 00 

Georgia & Alabama 5s, 1945, .... 56,125 00 109 54,500 00 

Georgia R.R. & Banking Co. 6s, 1910, . . 28,734 75 105 26,250 00 

Hartford Street 4s, 1930, 51,500 00 102 51,000 00 

Hocking Vallev 4is, 1999, .... 78,716 25 104£ 78,375 00 

Illinois Central (Springfield Div.) 3£s, 1951, . 101,000 00 92 92,000 00 

Indianapolis & Vincennes 7s, 1908, . . . 92,637 50 102£ 82,000 00 

Iowa Central 4s, 1951, 45,750 00 84^ 42,125 00 

Iowa Central 5s, 1938, 56,125 00 112 56,000 00 

Keokuk & Des Moines 5s, 1923, . . . 45,942 50 106 53,000 00 

Lehigh Valley 4^s, 1940, . ... . . 188,641 25 108* 189,875 00 

Lehigh Valley Terminal 5s, 1941, . . . 164,105 00 117^ 166,850 00 

Louisville & Jeffersonville Bridge Co. 4s, 1945, . 49,250 00 98 49,000 00 

Louisville, New Alb'y & Chic.(C.&I.Div.) 6s, 1911, 32,987 50 107f 32,325 00 

Mahoning Coal 5s, 1934, 28,584 74 118f 35,625 00 

Middlesex Valley 5s, 1942, .... 28,75000 110 27,50000 

Midland of New Jersey 6s, 1910, . . . 33,762 50 103| 31,125 00 

Minneapolis & St. Louis (Iowa Ex.) 7s, 1909, . 58,375 00 106 53,000 00 

Minneapolis & St. Louis (Merriam June.) 7s, 1927, 82,702 50 138 77,280 00 

Minneapolis & St. Louis (Pacific Ex.) 6s, 1921, . 31,875 00 118^ 29,625 00 

Minneapolis Union 6s, 1922, .... 134,579 58 121 139,150 00 

Montana Central 6s, 1937, .... 68,500 00 132^ 66,250 00 

Morris & Essex 7s, 1914, 34,027 50 119| 29,875 00 

Morris & Essex 7s, 1915, 130,909 72 123 135,300 00 

New England 5s, 1945, 62,437 50 121^ 60,750 00 

New York, Lake Erie & Western 7s, 1920, . . 64,143 75 125| 62,687 50 

New York, New Haven & Hartford 3^s, 1956, . 108,300 00 112 121,296 00 

New York, Susquehanna & Western 5s, 1943, . 27,000 00 115 28,750 00 

New York, Susquehanna & Western 5s, 1937, . 65,690 00 113£ 64,552 50 

Norfolk & Western 6s, 1931, . . . . 59,251 83 129 64,500 00 

North Chicago Electric 6s, 1914, . . . 27,375 00 85 21,250 00 

North Chicago Street 5s, 1916, .... 25,875 00 85 21,250 00 

North. Pac.-Gt. Nor. joint (C.B.& Q.col.) 4s, 1921, 67,086 61 96£ 106,562 50 

Northwestern Union 7s, 1917, .... 33,311 72 125£ 31,37500 

Ohio & West Virginia 7s, 1910, . . . 79,463 70 108 75,600 00 

Oregon Short Line 6s, 1922, .... 74,987 50 121* 72,900 00 

Oswego R.R. Bridge Co. 6s, 1915, . . . 52,679 17 113f 56,750 00 

Penn. Steel equipment trust 3£s, 1907-10-11, . 72,886 85 97 72,750 00 

Pitts., Ft. Wayne & Chicago 1st mort. 7s, 1912, . 88,88137 115 86,250 00 

Pitts., Ft. Wayne & Chicago 2d mort. 7s, 1912, . 90,406 00 114 92,340 00 

Pitts., Ft. Wayne & Chicago 3d mort. 7s, 1912, . 47,600 00 114- 45,600 00 

Port Reading 5s, 1941, 53,000 00 112 56,000 00 

St. Paul, Minneapolis & Manitoba 6s, 1933, . 78,350 00 132 79,200 00 

St. Paul & Northern Pacific 6s, 1923, . . . 186,551 67 122 183,000 00 

St. Paul & Sioux City 6s, 1919, .... 28,790 00 119 29,750 00 

Southern 5s, 1994, 52,005 00 113f 56,875 00 

Southern (St. Louis Div.) 4s, 1951, . . . 49,875 00 94£ 47,250 00 

Terre Haute & Peoria 5s, 1942, . . . 25,805 54 100 25,000 00 

Toledo & Ohio Central 1st mortgage 5s, 1935, . 57,272 50 113 56,500 00 

Toledo & Ohio Central (Western Div.) 5s, 1935, . 37,232 95 112 39,200 00 

Toronto, Hamilton & Buffalo 4s, 1946, . . 98,087 50 96 96,000"00 

Vermont Valley 5s, 1910, 54,460 00 102 55,080*00 



AGRICULTURAL INSURANCE CO. 



103 



Wabash 1st mortgage 5s, 1939, 

West Chicago Street Tunnel 5s, 1909, 

West Shore "4s, 2361, 

Willmar & Sioux Falls 5s, 1938, 

Miscellaneous Bonds. 

Conn. Safe Dep. & Trust Co. 5% cert, (secured by 
deposit in trust of 500 shares Conn. & Pas- 
sumpsic Rivers R.R.), ..... 

Masonic Temple Corp., Wilmington, N.C., 6s, 1919, 

New York Dock Co. 4s, 1951, .... 

People's Gas Lt.& Coke Co., Chic. 5s, 1947, . 



Book Value. 


Rate. 


Market Value. 


$112,097 50 
50,875 00 
43,875 00 
56,318 75 


112£ 

92 

103£ 

116^ 


$112,500 00 
46,000 00 
51,750 00 
58,250 00 


50,312 50 
30,500 00 
55,000 00 
52,312 50 


100 

105 

92 

102| 

$ 


50,000 00 
31,500 00 
50,600 00 
51,250 00 


11,509,562 95 


13,439,794 03 



AGRICULTURAL INSURANCE COMPANY, WATERTOWN, N. Y. 

Incorporated 1853.* Commenced business Feb. 17, 1853. 
Paid-up Capital, $500,000. 
W. H. STEVENS, President. J. Q. ADAMS, Secretary 

Home Office, 23 Washington Street. 

Income. 
Net fire premiums, ....... 

Interest on mortgage loans, $28,700.02; collaterals, $25,910.96 

stocks and bonds, $54,386.75; all other, $4,347.84, 
Rents, ...... 

Profit on sale or maturity of ledger assets, 
Accounts previously charged off, 



Total income, 
Ledger assets, Dec. 31, 1905, . 

Total, 

Disbursements 
Net amount paid for fire losses, 
Interest and dividends to stockholders, . 
Commissions or brokerage, 
Salaries, fees, etc., of officers and employees, 
Repairs and expenses on real estate, 
Real estate taxes, $1,106.27; other taxes and fees, $54,953 
Loss on sale or maturity of ledger assets, 
Board taxes, .... 

Agents' accounts charged off*, . 
Agency expenses, .... 

Stationery and printing, 

Postage and exchange, . 

Maps, ...... 

All other disbursements, 

Total disbursements, 

Balance, . ... 

Ledger Assets. 

Real estate, $70,209.55; mortgages, $703,806.54, 
Loans secured by collateral (schedule A), 



,493,871 60 

113,345 57 

799 50 

88,024 87 

256 56 



.52, 



$1,696,298 10 
2,926,161 73 

$4,622,459 83 



$1,477,726 16 

50,000 00 

328,293 34 

99,029 12 

1,438 57 

56,059 79 

5,686 53 

15,938 94 

326 99 

34,580 90 

16,744 47 

10,431 22 

4,047 52 

27,241 16 

$2,127,544 00 

$2,494,915 83 



$774,016 09 
454,279 22 



* Organized as mutual, 1853; incorporated as stock, Jan. 10, 1863. 



104 AGRICULTURAL INSURANCE CO. 

Stocks and bonds (schedule B), $883,470 92 

Cash in banks and office, ....... 116,828 79 

Agents' balances, 266,320 81 



Total ledger assets, . . . ./•"'. . . $2,494,915 83 

Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $13,803.71; bonds, $7,112.91; collateral loans, 

$9,879.69; other assets, $3,534.08, ' 34,330 39 

Market value of stocks and bonds over book value, . . . 12,556 33 

Due from other companies for reinsurance, . ... . 44,438 38 



Gross assets, $2,586,240 93 

Assets not admitted. 

Agents' balances over three months due, . . $7,481 53 

Special deposits less $80,707.21 liability thereon, 14,219 29 

Excess of mortgage loans over appraisal by New 

York department, ..... 65,780 11 

Due from unauthorized companies, . . 5 24 

Total unadmitted assets, . . . 87,486 17 



Total admitted assets, . . . . . . . $2,498,754 76 

Liabilities. 

Unpaid losses, including $25,719 resisted, $162,984.17; less re- 
insurance, $34,564.74, $128,419 43 

Unearned premiums on outstanding risks, $1,443,653.67; plus 

same on disallowed reinsurance, $8,614.50, .... 1,452,268 17 

Due for reinsurance, ........ 26,194 51 



All liabilities, except capital and surplus, .... $1,606,882 11 
Surplus to policy holders, .... $891,872 65 

Paid-up capital, 500,000 00 

Surplus over capital and general liabilities, .... 391,872 65 



Total liabilities, $2,498,754 76 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1905, 
Fire risks written during 1906, 

Total, 

Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, 



Premiums. 

$294,880,800 00 $2,927,190 00 
204,465,500 00 2,178,567 00 



$499,346,300 00 $5,105,757 00 
181,311,300 00 1,907,067 00 



$318,035,000 00 $3,198,690 00 
38,624,000 00 449,581 00 



Net amount in force, .... $279,411,000 00 $2,749,109 00 

Miscellaneous. 
Premiums received from organization of company, . . $32,319,174 00 

Losses paid from organization of company, .... 16,827,955 00 
Fire losses incurred during the year, ..... 1,449,111 00 

Cash dividends declared from organization of company, . . 1,630,000 00 



AGRICULTURAL INSURANCE CO. 



105 



Stock dividends declared from organization of company, . 

Dividends declared during the year (10 per cent.), 

Company's stock owned by directors, ..... 

Schedule A. Securities held as Collateral. 

Company's 
Market Value. 



Real estate mortgages, . . . . 

Deeds of real estate, ....... 

5 shares Union Carriage & Gear Comp'y, Watertown, N. Y., 
100 " Brockway Company, Watertown, N. Y., 

50 " Union National Bank, Schenectady, N. Y., 
237 " Bagley & Sewall Company, Watertown, N. Y., 

45 " Harmon Machine Company, Watertown, N. Y., 

30 " West End Paper Company, Carthage, N. Y., 
Deed of real estate, ....... 

Real estate mortgage, ...... 

20 shares John H. Murphy Manfg. Company, Cohoes, N. Y 
Life policy, New York Life Insurance Company, 

80 shares Brown ville Paper Company, Brown ville, N. Y., 
200 " Knowlton Bros., Watertown, N. Y., . 
100 " St. Regis Paper Company, Deferiet, N. Y., pref., 

50 " Adams & Duford Company, Chaumont, N. Y., 
325 " Carthage Tissue Paper Mills, Carthage, N. Y., 
130 " Carthage Elec. Light & Power Co., Carthage, N. Y. 
500 " Carthage Sulphite Pulp Co., Carthage, N. Y., 
Champion Paper Company, Carthage, N. Y., 6s, 1924, . 

10 shares J. & J. Rogers Company, Ausable Forks, N. Y., 
Real estate mortgages, ...... 

14 shares Burlington, Cedar Rapids & Northern R.R., 
10 " Carthage National Bank, Carthage, N. Y., . 
10 " City National Bank, Watertown, N. Y., 

70 " National Union Bank, Watertown, N. Y., . 

150 " West End Paper Company, Carthage, N. Y., 

50 " Jefferson County Nat. Bank, Watertown, N. Y., 

15 " Watertown National Bank, Watertown, N. Y., 

49 " International Paper Company, preferred, 
Real estate mortgage, ...... 

50 shares West End Paper Company, Carthage, N. Y., 



Western Union Telegraph Company, 
Watertown R. E. & Bldg. Co., Watertown, N. Y, 
Hunting- Weekes Company, Watertown, N. Y., 
Harmon Machine Company, Watertown, N. Y., 
Watertown National Bank, Watertown, N. Y., 
St. Regis JPaper^ Comp'y. Deferiet, N. Y., pref., 



40 

20 
120 

50 
5 
300 
St. Lawrence Inter. Elec. R.R. & Land Co. 5s, 1932, 



250 

10,000 

10,000 

23,700 

4,500 

3,000 

6,000 

1,000 

2,000 

2,000 

16,000 

20,000 

10,000 

5,000 

32,500 

13,000 

50,000 

4,500 

5,500 

13,700 

1,400 

1,600 

1,000 

10,850 

15,000 

12,000 

3,000 

3,920 

9,000 

5,000 

3,320 

3,000 

30 000 

5,000 

1,000 

30,000 

30,000 



$221,928 40 

10,500 00 

00 

00 

00 

00 

00 

00 

00 

00 

00 

00 

00 

00 

00 

00 

00 

00 

00 

00 

00 

00 

00 

00 

00 

00 J 

00 

00 

00 

00 

00 

00 

00 

00 

00 

00 

00 

00 

00 



$400,000 00 
50,000 00 
78,800 00 



Loaned 

Thereon. 

$79,132 01 

135,250 75 

4,251 67 

2,500 00 

210 00 

8,000 00 

5,000 00 

10,000 00 

6,750 00 

6,000 00 

120 00 
10,500 00 

20,000 00 

2,500 00 

13,000 00 

6,000 00 

5,000 00 

4,000 00 

5,000 00 



20,600 00 

8,500 00 
10,000 00 

4,000 00 

18,000 00 

25,000 00 

3,700 00 

600 00 

20,664 79 

20,000 00 



$630,168 40 $454,279 22 



Schedule B. Stocks and Bonds owned by the Company. 



Railroad Stocks. 

300 shares Atchison, Topeka & Santa Fe, pref'd, 

250 " Cayuga & Susquehanna, 

250 " Chicago, Milwaukee & St. Paul, 

250 " Chic, Milwaukee & St. Paul, rights, 

100 " Hereford, 

14 " Illinois Central (leased lines), 

110 " Morris & Essex, 

26 " Morris & Essex Extension, 

476 " Nashville & Decatur, 

100 " New York, Lackawanna & Western, 

132 " Oswego & Svracuse, 

150 " Pitts., Fort Wayne & Chicago, . 

200 " Rome, Watertown & Ogdensburg, 

200 " Union Pacific, preferred, 

40 " Warren, ..... 

Bank Stocks. 
20 shares Carthage National, N. Y., 
Cleveland Savings & Loan Co., O., cert, of dep., 



Book Value. 

$30,575 00 
17,250 00 
44,875 00 

10.150 00 

1,489 25 

21,540 00 

2,782 00 

23.192 50 

13,650 00 

15,741 00 

27,750 00 

27,500 00 

17,025 33 

3,720 00 

2,285 00 
10,000 00 



Rate. 

99 
220 
148£ 

33i 

97 
103 
182 
108* 
192 
127f 
230 
173 
127$ 

94 
184 

165 
100 



Market Value. 

$29,700 00 

16,500 00 

37,218 75 

8,375 00 

9,700 00 

1,442 00 

20,020 00 

2,821 00 

22,848 00 

12,737 50 

15,180 00 

25,950 00 

25,500 00 

18,800 00 

3,680 00 

3,300 00 
10,000 00 



106 



ALBANY INSURANCE CO. 



10 shares 1st N. B. of the 1,000 Is., Alex. B., N. Y. 

26 " Jefferson Co. Nat'l, Watertown, N. Y., 
130 " N'l B'k & Loan Co., Watertown, N. Y., 

75 " Nat'l Herkimer Co., Little Falls, N. Y., 
304^ " National Union, Watertown, N. Y., . 
O. Mutual Sav. & Loan Co., Cleve., O., cert, of dep., 
150 shares Watertown National, N. Y., 

Miscellaneous Stocks. 
200 shares American Locomotive Co., preferred, 

3 " General Adjustment Bureau, N. Y., 
265 " Hungerf'd-Holbr'k Co., Water., N. Y. 
300 " International Paper Co.. preferred, 

5 " Underwriters Salvage Co., Chicago, 

5 " Underwriters Salvage Co., N. Y., 
70 " Watertown Carriage Co., N. Y., 

1 share Western Adjust. & Inspec. Co., Chicago 
State and Municipal Bonds. 
Georgia 4^s, 1915, . 
Portland, Ore., 5s, 1923, . 
Richmond, Va., 4s, 1921, . 
Richmond, Va., 4s, 1923, . 
Richmond, Va., 4s, 1927, . 

Railroad Bonds 
Atch., Top. & Santa Fe general mortgage 4s, 1995 
Erie (Pennsylvania collateral) 4s, 1951, 
Gal., Har. & San A., Tex. (Mex. & Pa. Ex.) 5s, 1931 
Georgia Railway & Electric Co. 5s, 1932, 
Lehigh & Hudson River 5s, 1917, 
Lehigh Valley, N. Y., 4-|s, 1940, 
Metropolitan Street, N. Y., 4s, 2002, . 
Missouri Pacific 5s, 1917, .... 
N. Y. Cen. & Hud. R. (Lake Shore coll.) 3^s, 1998 
Norfolk & Southern 5s, 1954, 
No. Pa.-Gt, North., joint (C, B. & Q. coll.) 4s, 1921 
Northern Pacific (St. P. & Duluth Div.) 4s, 1996, 
Portland, Ore., 5s, 1930, .... 
Reading Co. (Jersey Central collateral) 4s, 1951, 
St. Louis & San Francisco 4^s, 1908, . 
Union Pacific 4s, 1947, .... 

Miscellaneous Bonds. 
Consolidated Water Co. of Utica, N. Y., 5s, 1929, 
International Paper Co. 5s, 1935, 
Jefferson Power Co. of Black River, N. Y., 6s ; 1912, 
New York & Westchester Lighting Co. 4s, 2004, . 



Book Value. 
$1,000 00 

4,895 00 
14,500 00 
12,750 00 
38,093 50 

1,000 00 
17,045 00 

18,825 00 

150 00 

26,500 00 

24,950 00 

500 00 

500 00 

3,500 00 

150 00 

11,724 60 
62,000 00 
10,300 00 
15,150 00 
1,840 00 

10,187 51 
19,125 00 
21,650 00 
26,250 00 

5,000 00 
21,850 00 
19,665 56 
26,937 50 

9,562 50 
10,000 00 

9,412 64 
10,000 00 

9,900 00 
19,325 00 
24,062 50 

9,707 03 

10,250 00 
22,500 00 
40,000 00 
23,187 50 

,470 92 



Rate. 

200 

240 

180 

192 

150 

100 

200 

109| 
100 
100 
81 
100 
100 

100 

111 
113 

101i 
101i 
101f 

100 
89f 
109 
102 
100 

1084r 

82| 

103^ 

86i 

96 

96| 

97 

100 

95^ 

99^ 

102 

101 

90 

100 



Market Value . 

$2,000 00 

6,240 00 

23,400 00 

14,400 00 

45,675 00 

1,000 00 

30,000 00 

21,850 00 

150 00 

26,500 00 

24,300 00 

500 00 

500 00 

100 00 

11,100 00 
56,500 00 
10,112 50 
15,187 50 
2,027 50 

10,000 00 

17,950 00 

21,800 00 

25,500 00 

5,000 00 

21,700 00 

16,500 00 

25,875 00 

8,625 00 

9,600 00 

9,687 50 

9,700 00 

10,000 00 

19,100 00 

24,875 00 

10,200 00 

10,100 00 
22,500 00 
40,000 00 
22,000 00 

$896,027 25 



ALBANY INSURANCE COMPANY, ALBANY, N. Y. 

Incorporated March 8, 1811. Commenced business March 16, 1811. Re-organized June 1, 1881. 

Paid-up Capital, $250,000. 
JOHN E. McELROY, President. CHARLES H. HAHN, Secretary. 

Home Office, 93 State Street. 

Income. 

Net fire premiums, $288,378 98 

Interest on mortgage loans, $9,347.84; stocks and bonds, $18,- 

173.85; allother, $105, 27,626 69 

Rents, including company's own occupancy, .... 5,924 94 

Profit from agency of president and secretary, .... 4,654 34 



Total income, 
Ledger assets, Dec. 31, 1905, 



$326,584 95 
651,906 83 



Total, 



$978,491 78 



ALBANY INSURANCE CO. 



107 



Disbursements. 
Net amount paid for fire losses, 
Interest and dividends to stockholders, . 
Commissions or brokerage, .... 

Salaries, fees, etc., of officers and employees, 

Rents, including company's own occupancy, 

Repairs and expenses on real estate, 

Real estate taxes, $881.30; other taxes and fees, $11,282.65, 

Printing and stationery, .... 

Agency expenses, ...... 

Office furniture, ...... 

All other disbursements, .... 

Total disbursements, .... 

Balance, ...... 

Ledger Assets. 

Real estate, $75,000; mortgages, $189,750, . 

Stocks and bonds (schedule A), 

Cash in banks and office, ....... 

Agents' balances, ......... 

Total ledger assets, ....... 

Non-Ledger Assets. 
Interest due and accrued : — 
On mortgages, $930.79; stocks and bonds, $2,643.77, 
Rents due on company's property, ...... 

Market value of stocks and bonds over book value, . 

Due from agency of president and secretary, .... 

Gross assets, ......... 

Liabilities. 

Unpaid losses, including $1,796.98 resisted, $21,839.19; less re- 
insurance, $2,547.43, 

Unearned premiums on outstanding risks, .... 



All liabilities, except capital and surplus, 
Surplus to policy holders, 
Paid up capital, ..... 
Surplus over capital and general liabilities, 



$519,366 70 



Total liabilities, 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1905, 
Fire risks written during 1906, 

Total, 

Risks expired and terminated, 

In force attend of year, . 
Amount reinsured, 

Net amount in force, 



$35,202,141 00 
33,491,095 00 

$68,693,236 00 
25,042,543 00 

$43,650,693 00 
3,722,462 00 



$110,509 57 

22.500 00 

73.501 92 
13,674 15 

1,200 00 

2,246 08 

12,163 95 

1,193 16 

3,973 87 

315 00 

612 75 

$241,890 45 

$736,601 33 



$264,750 00 

428,033 17 

16,271 39 

27,546 77 

$736,601 33 



3,574 56 

938 42 

10,198 50 

2,197 87 

$753,510 68 



$19,291 76 
214,852 22 

$234,143 98 

250,000 00 
269,366 70 

$753,510 68 



Premiums. 

$343,822 51 
359,829 53 

$703,652 04 
268,699 59 

$434,952 45 
35,633 93 



$39,928,231 00 $399,318 52 



108 



ALBANY INSURANCE CO. 



Miscellaneous. 
Premiums received from reorganization of company, 
Losses paid from reorganization of company, . 
Fire losses incurred during the year, . 

Cash dividends declared from reorganization of company, , 
Stock dividends declared from reorganization of company, 
Dividends declared during the year (9 per cent.), 
Company's stock owned by directors, . 



$3,023,711 00 

1,559,258 00 

115,296 00 

527,500 00 

50,000 00 

22,500 00 

30,300 00 



Schedule A. Stocks and Bonds owned by the Company. 



Stocks. 
50 shares Detroit & Mackinac R.R., preferred, 
50 " N. Y. State Nat'l Bank, Albany, N. Y 
100 " American Tobacco Co., preferred, 
100 " Electrical Securities Corporation, pref, 

Railroad Bonds. 
Atlanta, Knoxville & Northern 5s, 1946, . 
Delaware & Hudson convertible 4s, 1916, . 
Detroit & Mackinac general mortgage 4s, 1995, 
Detroit & Mackinac Car trust 5s, 1909, 
Lake Shore & Michigan Southern 4s, 1928, 
Milwaukee Electric R.R. & Light Co. 4£s, 1931, 
New York Central & Hudson R. 4s, 1934, 
Northern Pacific 3s, 2047, 
Pennsylvania note 4^s, 1907, . 
St. Louis & San Francisco 4s, 1951, . 
Schenectady Consolidated 4£s, 1953, 
Schenectady 1st mortgage 4^s, 1941, 
Springfield & Eastern Street 5s, 1922, 
Texas Central 5s, 1923, . 
Union, N. Y., 5s, 1942, . 
United Traction, Albany & Troy, 4£s, 1919, 
United Traction, Albany & Troy, 4£s, 2004, 
Virginia & Southwestern 5s, 2003, 
Virginia & Southwestern trust note 5s, 1908, 
Wabash 1st mortgage 5s, 1939, 
Wabash (Detroit & Chicago Extension) 5s, 1941, 
Watervliet Turnpike & Railway 6s, 1919, 
Western New York & Pennsylvania 5s, 1937, 

Miscellaneous Bonds. 
American Tel. & Tel. Co. note 5s, 1907, . 
American Tube & Stamping Co. 5s, 1932, . 
Colorado Fuel & Iron Co. 5s, 1943, . 
Consumers Gas Co., Chicago, 5s, 1936, 
Electrical Securities Corporation 5s, 1934, 
Equitable Gas & Elec. Light Co., Utica, 5s, 1942 
Kings Co. Electric Light & Power Co. 6s, 1997, 
Laclede Gas Light Co., St. Lotiis, 5s, 1934, 
Montreal Light, Heat & Power Co. 4$s, 1932, 
N. Y. Gas, Elec. L't, Heat & Power Co. 5s, 1948, 
Peoples' Gas Light Co., Chicago, 6s, 1943, . 
Union Elec. Light & Power Co., St. Lo., 5s, 1932, 
United Elec. Light & Power Co., Bait., 4£s, 1929, 
U. S. Steel Corporation 2d mortgage 5s, 1963, 
Virginia Iron, Coal & Coke Co. 5s, 1949, . 



Book Value. 
$5,000 00 
14,654 00 
10,450 00 
9,100 00 

15,000 00 

5,500 00 

9,658 00 

6,666 67 

9,900 00 

10,050 00 

10,000 00 

3,554 25 

4,968 75 

24,000 00 

24,375 00 

1,050 00 

5,342 00 

20,000 00 

10,000 00 

15,140 00 

5,175 00 

25,632 00 

6,250 00 

25,000 00 

9,885 00 

10,485 00 

25,000 00 

4,993 75 
4,750 00 

10,150 00 
5,350 00 
5,125 00 
8,000 00 
5,950 00 
5,150 00 
5,125 00 
5,500 00 

15,922 50 
7,000 00 
9,500 00 
9,668 75 
4,012 50 

$428,033 17 



Rate. 
90 

300 
96£ 
90 

115 

107 

90 

100 

98 

98 

97f 

74 

100 

82 

102| 

105 

104 

101 

103 

102 

104 

112 

100 

112^ 

109* 

115 

115* 

99£ 

97 

98 

104 
98 

102 

114 

102* 

100 

103 

118 

100 
95 
96f 
95i 



Market Value. 

$4,500 00 

15,000 00 

9,650 00 

9,000 00 

17,250 00 

5,350 00 

9,000 00 

6.666 67 

9,800 00 

9,800 00 

9,762 50 

3,700 00 

5,000 00 

19,680 00 

25,687 50 

1,050 00 

5,200 00 

20,200 00 

10,300 00 

15,300 00 

5,200 00 

28,000 00 

6,250 00 

28,125 00 

10,950 00 

11,500 00 

28,812 50 

4,975 00 
4,850 00 
9,800 00 
5,200 00 
4,900 00 
8,160 00 
5,700 00 
5,125 00 
5,000 00 
5,150 00 
17,700 00 
7,000 00 
9,500 00 
9,675 00 
4,762 50 

$438,231 67 



THE ALLIANCE INSURANCE CO. OF PHILADELPHIA. 



109 



THE ALLIANCE INSURANCE COMPANY OF PHILADELPHIA, 

PHILADELPHIA, PA. 

Incorporated Dec. 5, 1904. Commenced business Jan. 1, 1905. 
Paid-up Capital, $500,000. 
CHARLES PLATT, President. HENRY W. FARNUM, Secretary. 

Home Office, 232 Walnut Street. 

Income. 

Net fire premiums, $513,574.64; marine, $100,788, 
Deposit premiums on perpetual risks, 
Interest on bonds, $21,874.72; all other, $4,301.04, 
Assessment on capital stock, .... 
Advanced by stockholders,* .... 
From all other sources, ..... 



Total income, 
Ledger assets, Dec. 31, 1905, . 

Total, 

Disbursements. 

Net amount paid for fire losses, $1,229,585.44; marine, $70,271.27, 

Deposit premiums returned, . 

Interest and dividends to stockholders, 

Commissions or brokerage, 

Salaries, fees, etc., of officers and employees, 

Rents, ..... 

Taxes and fees, .... 

Loss on sale or maturity of bonds, . 

Advertising, .... 

Legal expenses, .... 

All other disbursements, 

Total disbursements, 



Ledger Assets. 



Balance, 

Bonds (schedule A), 

Cash in banks and office, .... 

Agents' balances, ...... 

Bills receivable, ...... 

Total ledger assets, .... 

Non-Ledger Assets. 
Due from other companies, .... 
Assessment on stock in process of collection,. . 

Gross assets, . . .... 



$614,362 64 

3,641 98 

26,175 76 

539,437 92 

194,348 16 

156 99 

$1,378,123 45 
1,241,945 51 

$2,620,068 96 



$1,299,856 71 

1,776 38 

20,000 00 

137,567 48 

27,219 38 

2,491 98 

9,953 69 

4,469 13 

4,337 21 

77 53 

11,585 60 

$1,519,335 09 

$1,100,733 87 



$924,107 25 

111,201 13 

63,563 99 

1,861 50 

1,100,733 87 



14,600 00 
3,562 08 

$1,118,895 95 



* During 1906 the Insurance Commissioner of Pennsylvania required the company to make an 
assessment of $10.86 per share to make good an impairment caused by the San Francisco fire. 
In addition to this assessment, stockholders holding 46,944 shares voluntarily advanced $4.14 per 
share to the surplus, receiving therefor scrip certificates bearing 6 per cent, interest and redeem- 
able out of the net earnings of the company. 



110 



THE ALLIANCE INSURANCE CO. OF PHILADELPHIA. 



Assets not admitted. 

Agents' balances over three months due, . . $430 52 

Special deposits less $7,747.72 liability thereon, 1,639 78 

Book value of bonds over market value, . . 40,815 50 

Assessment on stock in process of collection, . 3,562 08 

Due from unauthorized companies, . . 14,600 00 

Total unadmitted assets, . . . $61,047 88 

Total admitted assets, $1,057,848 07 

Liabilities. 
Unpaid losses, including $807 resisted, $72,543; less reinsurance, 

$1,117, . . . . 

Unearned premiums on outstanding risks, $356,348.33; plus 

same on disallowed reinsurance, $372 . 38, 
Reclaimable on perpetual fire policies, ..... 



All liabilities, except capital and surplus, 
Surplus to policy holders, 
Paid-up capital, ..... 
Surplus over capital and general liabilities, 



$623,751 82 



Total liabilities, 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1905, 
Fire risks written during 1906, 

Total, 

Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, 



Net amount in force, 

Perpetual risks in force (not included above), 

Marine risks outstanding Dec. 31, 1905, . 
Marine risks written during 1906, . 

Total, 

Risks expired and terminated, 

In force at end of year, .... 



$29,906,484 00 
50,713,673 00 



,620,157 00 
34,879,280 00 

$45,740,877 00 
3,418,781 00 

$42,322,096 00 

$219,825 00 

$1,037,802 00 
12,496,604 00 

$13,534,406 00 
11,550,824 00 



$71,426 00 

356,720 71 
5,949 54 

$434,096 25 

500,000 00 
123,751 82 

$1,057,848 07 



Premiums. 

$353,378 71 
639,862 53 

$993,241 24 
397,737 58 

$595,503 66 
45,412 64 

$550,091 02 
$6,610 60 



,021 26 
108,953 80 

$150,975 06 
100,634 07 



$1,983,582 00 $50,340 99 



Miscellaneous. 

Premiums received from organization of company, . 

Losses paid from organization of company, 

Fire losses incurred during the year, 

Marine and inland losses incurred during the year, 

Cash dividends declared from organization of company, 

Dividends declared during the year (4 per cent.), 

Company's stock owned by directors, 



51,052,343 00 
1,397,698 00 
1,260,876 00 
64,106 00 
20,000 00 
20,000 00 
31,080 00 



AMERICAN INSURANCE CO. 



Ill 



Schedule A. Bonds owned by the Company. 



Government Bonds. 
Japan 6s, 1911, ..... 

Municipal Bonds. 
Atlanta, Ga., 3£s, 1931, .... 
New York, N. Y., 3£s, 1954, 
Philadelphia, Pa., 3£s, 1932, 
Philadelphia, Pa., 3£s, 1934, 

Railroad Bonds. 
Central Pacific 4s, 1954, .... 
Chesapeake & Ohio equipment notes, 4s, 1913, 
Chesapeake & Ohio equipment notes, 4s, 1914, 
Chicago & Eastern Illinois 4s, 1955, . 
Coal River 4s, 1945, .... 

Consolidated Traction Co. of N. J. 5s, 1933, 
Lake Shore & Michigan Southern 4s, 1928, 
Lehigh & Wilkes-Barre Coal Co. 5s, 1912, . 
New York Central & Hudson River 4s, 1934, 
Norfolk & Western 4s, 1944, 

Nor. & W. R'y and Pocahontas C. & C. Co. 4s, 1941 
Reading (Jersey Central collateral) 4s, 1951, 
Richmond-Washington collateral 4s, 1943, . 
Rio Grande Western 4s, 1949, . 
St. Louis, Memphis & Southeastern 4-^s, 1909, 
Terminal Association of St. Louis 4s, 1953, . 



Book Value. 


Rate. 


Market Value. 


$25,113 


25 


95£ 


$23,254 25 


10,000 


00 


93£ 


9,387 50 


205,250 


00 


91f 


182,750 00 


30,442 


50 


lOlf 


30,219 75 


175,108 


25 


101f 


173,280 25 


24,750 


00 


95^ 


23,875 00 


16,622 


60 


95 


16,150 00 


32,234 


40 


94i 


31,185 00 


19,100 


00 


93 


18,600 00 


14,475 


00 


95 


14,250 00 


27,197 


50 


105£ 


26,375 00 


50,062 


50 


98 


49,000 00 


14,385 


00 


99f 


13,965 00 


50,062 


50 


97f 


48,812 50 


24,250 


00 


96 


24,000 00 


L, 23,906 


25 


91i 


22,812 50 


49,578 


75 


95^ 


47,750 00 


10,350 


00 


102i 


10,250 00 


22,968 


75 


87 


21,750 00 


48,625 


00 


96i 


48,125 00 


49,625 


00 


95 


47,500 00 


$924,107 


25 


$883,291 75 



AMERICAN INSURANCE COMPANY, NEWARK, N. J. 

Incorporated Feb. 20, 1846. Commenced business April 1, 1846. 

Paid-up Capital, $600,000. 

E. O. DOREMUS, President. JAMES H. WORDEN, Secretary. 

Home Office, 70 Park Place. 



$2,687,740 59 



Income. 
Net fire premiums, . . 

Interest on mortgage loans, $69,711 .70; stocks and bonds, $125,- 

963.83; all other, $12,913.36, 208,588 89 

Rents, 12,071 15 

Profit on sale of real estate, ....... 1,797 30 



Total income, ...... 

Ledger assets, Dec. 31, 1905, ..... 

Total, 

Disbursements. 
Net amount paid for fire losses, .... 
Interest and dividends to stockholders, . 
Commissions or brokerage, ..... 
Salaries, fees, etc., of officers and employees, 
Repairs and expenses on real estate, 
Real estate taxes, $6,894.80; other taxes and fees, $79,739.72, 
Loss on sale of real estate, ..... 
Reduction in book value of real estate, . 
Freight and express, postage, telegraph and telephone, 
Stationery and agency supplies, .... 
Special agents and surveying, .... 



$2,910,197 93 
6,010,959 70 

$8,921,157 63 



$1,889,249 36 

107.910 48 

633,245 14 

136,863 68 

1,614 47 

86,634 52 

1,124 15 

1,021 83 

22,446 77 

26,570 73 

62,996 61 



112 



AMERICAN INSURANCE CO. 



Total admitted assets, 



Office furniture and fixtures, light, fuel, etc., for office building, 

Contingent commissions, 

National, State and local boards, 

Maps and corrections, . 

Collecting premium notes, 

Advertising, 

All other disbursements, 

Total disbursements, 

Balance, ...... 

Ledger Assets. 

Real estate, $505,800; mortgages, $884,230.75, 
Stocks and bonds (schedule A), 
Cash in banks and office, . . . 

Agents' balances, ...... 

Bills receivable, ...... 

Due from Traders Insurance Company of Chicago, 

Total ledger assets, ....... 

Non-Ledger Assets. 
Interest due and accrued : — 
On mortgages, $11,199.26; bonds, $44,394.90, . . 

Rents due on company's property, ...... 

Gross assets,* ........ 

Assets not admitted. 

Agents' balances over three months due, . . $1,349 58 
Bills receivable, past due, .... 58,748 90 
Special deposits less $22,074.91 liability thereon, 40,625 09 
Book value of stocks and bonds over market value, 7,752 67 
Due from Traders Insurance Co. of Chicago, . 770 01 
Total unadmitted assets, . . . 



$13,474 56 

20,379 63 

18,535 94 

7,942 94 

3,566 97 

2,724 35 

15,318 00 

$3,051,620 13 

$5,869,537 50 



U ,390,030 75 

3,410,506 42 

430,045 58 

339,723 01 

298,461 73 

770 01 

55,869,537 50 



55,594 16 
111 66 

1,925,243 32 



109,246 25 
$5,815,997 07 



Liabilities. 
,525 resisted, $492,021.48; less rein- 



Unpaid losses, including 

surance, $33,475.53, ... . 

Unearned premiums on outstanding risks, 
Dividends due stockholders, $24,665.59; policy holders, $154, 
Commissions and other charges due agents and brokers, 



All liabilities, except capital and surplus, 
Surplus to policy holders, 
Paid-up capital, . . . . . . 

Surplus over capital and general liabilities, 

Total liabilities, .... 



$2,053,165 91 



$458,545 95 

3,162,625 76 

24,819 59 

116,839 86 

53,762,831 16 

600,000 00 
1,453,165 91 

15,815,997 07 



* The company holds also instalment premium notes to the amount of $129,489.52, which do 
not enter into or form any part of the assets of the company, as no portion of them is earned. What- 
ever value is attached to them would necessarily be counterbalanced by the addition of an amount 
exactly equal to the reinsurance liability, the entire sum consisting of "unearned premiums." 



AMERICAN INSURANCE CO. 



113 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1905, 
Fire risks written during 1906, 

Total, 

Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, 

Net amount in force, 



$478,853,439 00 
316,776,602 00 

$795,630,041 00 
244,123,506 00 

$551,506,535 00 
33,873,308 00 



Premiums. 

55,215,806 76 
3,493,147 90 

58,708,954 66 
2,647,560 25 

56,061,394 41 
311,268 63 



$517,633,227 00 $5,750,125 78 



Miscellaneous. 
Premiums received from organization of company, . 
Losses paid from organization of company, 
Fire losses incurred during the year, 
Cash dividends declared from organization of company, 
Stock dividends declared from organization of company, 
Dividends declared during the year (17 per cent.), 
Company's stock owned by directors, 



$24,307,243 00 

11,636,537 00 

2,200,207 00 

2,865,940 00 

600,000 00 

102,000 00 

84,930 00 



Schedule A. Stocks and Bonds owned by the Company. 

Railroad Stocks. Book Value. Rate. Market Value. 

1,620 shares Morris & Essex, .... $159,832 39 182 $147,420 00 

1,000 " United N. J. R.R. & Canal Co., . 277,372 25 255 255,000 00 

Miscellaneous Stocks. 

3 shares Gen. Adjustment Bureau of N. Y., . 150 00 100 150 00 

5 " Underwriters' Salvage Co. of Chicago, 500 00 100 500 00 

5 " Underwriters' Salvage Co. of N. Y., . 500 00 100 500 00 

1 " Western Adjust. & Inspec. Co., Chic, 125 00 100 100 00 

Government Bonds. 

United States 4s, 1907, ..... 25,000 00 101 25,250 00 

United States 2s, 1930, 75,000 00 104£ 78,375 00 

Madison, N. J., Borough of, 4£s,' 1916, . . 17,000 00 102-} 17,382 50 

Railroad Bonds. 

American Dock & Improvement Co. 5s, 1921, . 325,275 71 109^ 320,835 00 

Central of New Jersey 5s, 1987, . . . 182,829 68 126 172,620 00 

Consolidated Traction 5s, 1933, . . . 133,025 43 105^ 128,710 00 

Easton & Amboy 5s, 1920, .... 210,697 02 lll^ 212,965 00 

Lehigh Valley Terminal 5s, 1941, . . . 249,138 10 117| 264,375 00 

Long Dock, Jersey City, 6s, 1935, . . . 337,589 04 128£ 339,240 00 

Midland of New Jersey 6s, 1910, . . . 118,739 01 103| 116,200 00 

Morris & Essex 7s, 1914, 13,075 00 119^ 13,145 00 

Morris & Essex 7s, 1915, 128,553 35 123 134,070 00 

Newark Passenger 5s, 1930, .... 141,949 87 111£ 139,375 00 

New York & Greenwood Lake 5s, 1946, . . 140,830 96 115 150,650 00 

N. Y., L. E. & W. Docks & Improve. Co. 6s, 1913, 196,868 80 111} 196,912 50 

N. Y., Susquehanna & W. Terminal 5s, 1943, . 139,522 09 115 138,000 00 

North Hudson County 5s, 1928, . . . 131,743 10 112 140,000 00 

Trenton Passenger 6s, 1923, . . . * . 2,387 40 115f 2,315 00 

Trenton Passenger 6s, 1925, .... 3,624 54 117 3,510 00 

Trenton Passenger 6s, 1926, . . . . 3,654 84 117£ 3,525 00 

Trenton Passenger 6s, 1927, .... 4,90531 118^ 4,72500 

Trenton Passenger 6s, 1928, .... 6,165 37 118f 5,931 25 

Trenton Passenger 6s, 1931, . . . - . 31,133 91 120 30,000 00 

United New Jersey R.R. & Canal 4s, 1929, . 52,109 00 106 J 53,125 00 

United New Jersey R.R. & Canal 4s, 1944, . 53,646 46 108 54,000 00 

West Jersey & Sea Shore 3^s, 1936, . . ^ 14,641 50 93} 13,987 50 

Miscellaneous Bonds. 

Newark Gas Co. 6s, 1944, . . . . 232,921 29 134 239,860 00 



5,410,506 42 



5,402,753 75 



114 



AMERICAN CENTRAL INSURANCE CO. 



AMERICAN CENTRAL INSURANCE COMPANY, ST. LOUIS, MO. 

Incorporated February, 1853. Commenced business February, 1853. 

Paid-up Capital, $2,000,000. 

GEORGE T. CRAM, President. JNO. H. ADAMS, Secretary. 

Home Office, 816 Olive Street. 

Income. 

Net fire premiums, $2,378,320 03 

Interest on mortgage loans, $412.49; collaterals, $8,202.85; 

stocks and bonds, $161,131.38; all other, $8,993.83, . . 178,740 55 

Profit on sale or maturity of bonds, . . . . . 1,177 89 

Stockholders' contribution to surplus, ..... 949,670 00 



Total income, $3,507,908 47 

Ledger assets, Dec. 31, 1905, plus increase of capital, $1,000,000, 4,660,000 95 



Total, ....... 

Disbursements. 
Net amount paid for fire losses, 
Interest and dividends to stockholders, . 
Commissions or brokerage, .... 

Salaries, fees, etc., of officers and employees, 
Rents, ....... 

Taxes and fees, . . . 

Loss on sale or maturity of bonds, . . * 

Advertising, ...... 

Postage, express, telegrams and exchange, 
All other disbursements, 

- Total disbursements, .... 

Balance, ...... 

Ledger Assets. 
Mortgages, ....... 

Loans secured by collateral (schedule A), 

Stocks and bonds (schedule B), 

Cash in banks and office, .... 

Agents' balances, . . . . 

Total ledger assets, . . . . 

Non-Ledger Assets. 
Market value of stocks and bonds over book value, . 

Gross assets, ....... 

Assets not admitted. 
Special deposits less $40,953.69 liability thereon, 



$8,167,909 42 

$2,545,333 71 

156,518 67 

414,982 52 

110,978 23 

13,000 08 

51,162 41 

11,424 11 

2,693 34 

16,243 40 

269,228 94 

$3,591,565 41 

$4,576,344 01 

$1,800 00 

646,250 00 

-3,160,975 64 

413,910 42 

353,407 95 

$4,576,344 01 

518,141 86 
$5,094,485 87 

30,896 31 



Total admitted assets, 



$5,063,589 56 



AMERICAN CENTRAL INSURANCE CO. 



115 



Liabilities. 

Unpaid losses, including $6,850 resisted, $317,526.60; less rein- 
surance, $75,492.87, . . 

Unearned premiums on outstanding risks, $1,846,455.90; plus 
same on disallowed reinsurance, $14,902.04, . 



All liabilities, except capital and surplus, 
Surplus to policy holders, 
Paid-up capital, ..... 
Surplus over capital and general liabilities, 

Total liabilities, 



52,960,197 89 



$242,033 73 

1,861,357 94 

52,103,391 67 

2,000,000 00 
960,197 89 

$5,063,589 56 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1905, . . $295,506,769 00 $3,571,018 50 

Fire risks written during 1906, . . . 281,185,099 00 3,402,537 47 



Total, . 
Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, 

Net amount in force, 



$576,691,868 00 
239,686,236 00 



56,973,555 97 
3,026,748 77 



$337,005,632 00 $3,946,807 20 
36,890,763 00 456,564 91 



$300,114,869 00 $3,490,242 29 



Miscellaneous . 
Premiums received from organization of company, . 
Losses paid from organization of company, 
Fire losses incurred during the year, 
Cash dividends declared from organization of company, 
Dividends declared during the year, 
Company's stock owned by directors, 



$32,994,076 00 

17,781,695 00 

2,599,321 00 

2,107,931 00 

120,000 00 

551,425 00 



Schedule A. Securities held as Collateral. 

Company's 

Market Value. 

$98,000 001 
30,000 00 I 
48,750 00 f 

124,200 00 J 
15,600 00 

106,800 00 
56,000 00 
29,100 00 
24,000 00 

163,100 00 J 
70,000 00 
16,100 00 
10,700 00 \ 
2,600 00 / 



700 shares Wagner Electric Manufacturing Co., . 
3,700 " Chicago Railway Equipment Co., 

150 " National Bank of Commerce, St. Louis, 
Tennessee Central Railroad genl. mtge. 5s, 

50 shares Third National Bank, St. Louis, 
1,200 " North American Co., N. J., 

400 " Wagner Electric Manufacturing Co., 

300 " St. Louis Portland Cement Co., preferred, 
Cumberland Coal & Coke Co., Jersey City, N. J., 6s, 1913, 
Tennessee Central Railroad genl. mtge. 5s, 

700 shares Broadway Real Estate Co., St. Louis, 
50 " Commonwealth Trust Co., St. Louis, 
Lincoln R. E. & Building Co., St. Louis, 6s, 1923, 
United Railways Co., 4s, 1934, .... 



Loaned 
Thereon. 



$265,000 00 
100,000 00 

200,000 00 

60,000 00 
10,000 00 

11,250 00 



$794,950 00 $646,250 00 



Schedule B. Stocks and Bonds owned by the Company. 



Railroad Stocks. 
300 shares United, St. Louis, preferred, 

Bank Stocks. 
100 shares Boatmen's, St. Louis, 
68 " Mechanics-American, St. Louis, 



Book Value. 
$24,275 00 

11,800 00 
21,115 50 



Rate. 

80 

249 
320 



Market Value. 
$24,000 00 

24,900 00 
21,760 00 



116 



AMERICAN CENTRAL INSURANCE CO. 



3,900 shares Nat'l Bank of Commerce, St. Louis, . 
250 " Third National, St. Louis, 
Miscellaneous Stocks. 

2 shares General Adjustment Bureau, N. Y., . 

500 " Har.-McK. D. G. Co., St. L., 1st pref., 

57 " Laclede G. L. Co., preferred, St. Lo., . 

5 " Underwriters' Salvage Co., Chicago, . 

1 " Western Adjt. & Inspec. Co., Chicago, 
Government Bonds. 

United States 2s, 1930, 

State and Municipal Bonds. 
Boston, Mass., 3*s, 1943, . 
Carthage, Mo., school district 4s, 1908-23, 
Fort Worth, Texas, 4s, 1941, . 
Georgia 4*s, 1915, . 
New Bedford, Mass., 4s, 1915, . 
Norborne, Mo., 6s, 1909, . 
Peirce City, Mo., 5s, 1917, 
Portland, Ore., 4s, 1928, . 
Providence, R. I., 3*s, 1933, 

Railroad Bonds. 
Boston Terminal 3*s, 1947, 
Central of Georgia Cons. 5s, 1945, 
Chesapeake & Ohio 4*s, 1992, . 
Chicago, Burlington & Quincy 4s, 1921, 
Chicago, Rock Island & Pacific 4s, 1934, 
Cleveland Terminal & Valley 4s, 1995, 
Columbia & St. Louis 4s, 1942, . 
Concord & Montreal 4s, 1920, . 
Fort Worth & Denver City 6s, 1921, . 
Fort Worth & Rio Grande 4s, 1928, . 
Illinois Cent. (St. Louis Div. & Term.) 3s, 1951, 
Kansas City, Fort Scott & Memphis 4s, 1936, 
Kansas City Southern 3s, 1950, 
Lake Shore & Michigan Southern 4s, 1928, 
Little Rock & Hot Springs Western 4s, 1939, 
Missouri Pacific 4s, 1945, . . - . 

Oregon Railway & Navigation Co. 4s, 1946, 
Pennsylvania convertible 3*s, 1915, . 
St. Clair, Madison & St. Louis Belt 4s, 1951, 
St. Louis, Council Bluffs & Omaha 6s, 1908, 
St. Louis, Iron Mountain & Southern 4s, 1929, 
St. Louis, Iron Mountain & Southern 5s, 1931, 
St. Louis, Memphis & Southeastern 4*s, 1909, 
St. Louis, Merchants Bridge Co. 6s, 1929, 
St. Louis & San Francisco 4s, 1951, 
St. Louis & Southwestern 4s, 1932, 
St. Louis & Suburban 5s, 1923, 
Southern Pacific 4s, 1955, 
Union Depot, St. Louis, 6s, 1918, 
United St. Louis 4s, 1934, 

Miscellaneous Bonds. 
American Telephone & Telegraph Co. 4s, 1929, 
Frisco Annex Realty Co. 5s, 1928, 
Kinloch Long District Telephone Co. 5s, 1929, 
Laclede Gas Light Co. 5s, 1919, 
Lincoln Real Estate & Build. Co., St. Lo., 6s, 1923 
Mo. Electric Light & Power Co. 6s, 1921, . 
Pontiac Building Co. 5s, 1922, . 
Union Electric Light & Power Co. 5s, 1909, 
Wright Building Co., St. Louis, 5s, 1931, . 



Book Value. 

$814,345 00 

76,250 00 

100 00 

60,000 00 

3,282 00 

500 00 

125 00 

211,750 00 

4,700 00 
55,000 00 
49,080 00 
11,725 00 
5,025 00 
3,500 00 
15,000 00 
53,000 00 
10,560 00 

21,000 00 
55,687 50 
53,343 75 
14,850 00 
22,625 00 

4,775 00 
28,000 00 
10,050 00 
40,231 25 
23,025 00 

8,800 00 
86,625 00 
17,875 00 

4,900 00 
•23,718 75 
47,640 62 

9,800 00 
92,437 50 
30,430 00 
18,000 00 
47,812 50 
26,875 00 
97,086 06 
85,950 00 
62,037 65 
39,132 17 
49,250 00 
23,843 75 
109,937 50 
48,261 25 

13,500 00 
55,000 00 
47,285 00 
67,021 20 
79,146 69 
98,640 00 
48,000 00 
23,750 00 
93,500 00 

$3,160,975 64 



Rate. Market Value. 
342 $1,333,800 00 
310 77,500 00 



100 
103 
95 
100 
100 

1041 

951 
99* 
91 

111 

101$ 

ioif 

106 

101* 
97* 

105* 

109 

103| 

96* 

90 

98 

93 
101* 
110 

87 

80* 

82 

71* 

98 

93 

89 

98* 

93" 

91* 
101f 

89 
113* 

96* 
112 

82 

77 

97 

94f 
113 

85 

90 
100 

86 
104* 
103 
114* 
lOOf 

98 

95 



100 00 

51,500 00 

5,415 00 

500 00 

100 00 

209,000 00 

4,756 25 
54,518 75 
45,500 00 
11,100 00 
5,087 50 
3,561 25 
15,900 00 
50,750 00 
10,725 00 

21,100 00 
54,500 00 
51,812 50 
14,531 25 
22,500 00 

4,900 00 
29,760 00 
10,125 00 
38,500 00 
21,750 00 

8,075 00 
82,000 00 
17,875 00 

4,900 00 
23,250 00 
44,500 00 

9,850 00 
93,000 00 
34,770 00 
18,247 50 
44,500 00 
28,375 00 
96,250 00 
95,200 00 
54,940 00 
37,730 00 
48,500 00 
23,687 50 
113,000 00 
46,750 00 

13,500 00 
55,000 00 
42,140 00 
75,240 00 
77,250 00 
100,760 00 
50,375 00 
24.500 00 
95,000 00 

$3,679,117 50 



UNDERWRITERS AT AMERICAN LLOYDS. 117 



UNDERWRITERS AT AMERICAN LLOYDS, NEW YORK, N. Y. 

Commenced business April 30, 1890. 
GEORGE A. STANTON, Attorney. 

Home Office, 45 Cedar Street. 

Income. 

Net fire premiums, $282,533 44 

Interest on bonds, ........ 25,911 28 

Deposited by two new subscribers, ...... 4,000 00 

Total income, $312,444 72 

Ledger assets, Dec. 31, 1905, 817,018 48 

Total, $1,129,463 20 

Disbursements. 

Net amount paid for fire losses, ...... $34,200 49 

Dividends to subscribers, . . . . . . . 47,052 63 

Commissions or brokerage, ....... 91,453 39 

Salaries, fees, etc., of officers and employees, . . ' . '4,925 00 

Taxes and fees, 6,426 99 



Total disbursements, $184,058 50 



Balance, $945,404 70 

Ledger Assets. 

Loans secured by collateral (schedule A), . . . . $30,000 00 

Bonds (schedule B), , 825,381 25 

Cash in banks, 48,331 02 

Agents' balances, . . . . . . . . 41,692 43 

Total ledger assets, . $945,404 70 

Non Ledger-Assets. 

Interest accrued on bonds, ....... 8,258 33 



Gross assets, ......... $953,663 03 

Assets not admitted. 
Book value of bonds over market value, ..... 71,737 50 



Total admitted assets, $881,925 53 

Liabilities. 

Unpaid losses, . . . $14,233 00 

Unearned premiums on outstanding risks, .... 150,913 89 

Due for return premiums, $4,711.25; reinsurance, $1,174.95, . 5,886 20 

Reserve for contingencies, ....... 100,000 00 



All liabilities, except subscribers' deposits and surplus, . $271,033 09 
Surplus to policy holders, 1 $610,892 44 

Subscribers' deposits paid up, ...... 108,000 00 

Surplus over subscribers' deposits and general liabilities, . . 502,892 44 



Total liabilities, $881,925 53 



118 



AMERICAN MUTUAL FIRE INSURANCE CO. 





Risks and Premiums. 
















Premiums. 


Fire risks outstanding Dec. 31, 1905, 


. $32,481,114 00 


$292,789 24 


Fire risks written during 1906, 


. 39,819,973 


00 


347,380 49 


Total, 


. $72,301,087 00 


$640,169 73 


Risks expired and terminated, 


. 38,655,184 


00 


336,870 85 


In force at end of year, .... 


. $33,645,903 00 


$303,298 88 


Amount reinsured, .... 


216,250 


00 


1,471 10 


Net amount in force, 


. $33,429,653 00 


$301,827 78 


Miscellaneous. 








Premiums received from organization of company, . 




. $3,556 


Losses paid from organization of company, 








1,240,735 00 


Fire losses incurred during the year, 






. 


45,877 00 


Cash dividends declared from organization of company 






483,341 00 


Dividends declared during the year, 






• 


47,053 00 


Schedule A. Securities held as Collateral. 








Company's 


Loaned 






Market Value 


Thereon. 


70 shares Merchants National Bank, N. Y. City, 




$5,600 00 ] 




50 " New York Nat'l Exchange, N. Y. City, 


10,250 00 




47 " National Park Bank, New York City* 




21,150 00 


► $30,000 00 


100 " Oriental Bank, New York City, 




6,875 00 




50 " Union Typewriter Co., 




4,400 00 






$48,275 00 


$30,000 00 


Schedule B. Bonds owned by the 


Company. 




State, County and Mimic 


ipal Bonds. 


Book Value. 


Rate. 


Market Value. 


Brooklyn, N. Y., 3fs, 1937, 




3555,500 


00 


93 


$46,500 00 


Essex Co., N. J., 4s, 1938, 




59,000 


00 


103f 


51,812 50 


Massachusetts 3-Js, 1935, . 




33,975 


00 


100£ 


30,262 50 


New York, N. Y., 3^s, 1954, 




137,687 


50 


91f 


123,356 25 


New York, N. Y., 3s, 1925, 




152,625 


00 


88f 


132,562 50 


New York, N. Y., 3Js, 1928, 




27,375 


00 


94* 


23,562 50 


New York, N. Y., 4s, 1956, 




51,000 


00 


102i 


51,062 50 


Railroad Bonds. 










Atch., Topeka & Santa Fe general mortg. 4s, 1995 


25,000 


00 


100 


25,000 00 


Baltimore & Ohio 4s, 1948, 


24,875 


00 


lOOf 


25.187 50 


Cleveland, Cincinnati, Chicago & St. Lo. 4s, 1993 


26,625 


00 


101 


25,250 00 


Metropolitan Street 5s, 1997, 


61,125 


00 


105$ 


52,812 50 


Pennsylvania Co. notes 4^s, 1907, 


49,750 


00 


100 


50,000 00 


Pittsburg, Cincinnati, Chicago & St. Lo. 4s, 1945 


25,156 


25 


100i 


25,125 00 


West Shore 4s, 2361, 


46,000 


00 


103^ 


41,400 00 


Miscellaneous Bonds. 










Westinghouse Electric Co. notes 5s, 1907, , 


49,687 


50 


99^ 


49,750 00 






$825,381 


25 


$753,643 75 



AMERICAN MUTUAL FIRE INSURANCE COMPANY, 
PROVIDENCE, R. I. 

Incorporated June 1, 1877. Commenced business June 1, 1877. 
JOHN R. FREEMAN, President. THEODORE P. BOGERT, Secretary. 

Office-, 10 Weybosset Street. 

Income. 
Net premiums, . . $312,119 79 



AMERICAN MUTUAL FIRE INSURANCE CO. 



119 



Interest on stocks and bonds, $12,747.60; all other, $1,227.81, 
Dividend, Lime Rock National Bank, in liquidation, 

Total income, 
Ledger assets, Dec. 31, 1905, ...... 

Total, 

Disbursements. 
Net amount paid for losses, 
Profits on terminated policies, 
Salaries, fees, etc., of officers and employees, 
Rents, ....... 

Taxes and fees, ..... 

Loss on sale or maturity of ledger assets, 
Inspections, ...... 

Total disbursements, ....... 

Balance, ......... 

Ledger Assets. 
Stocks and bonds (schedule A), 
Cash in bank, ......... 

Premiums in course of collection, . . . . . 

Total ledger assets, ....... 

Non-Ledger Assets. 
Interest accrued on bonds, ....... 

Market value of stocks and bonds over book value, . 

Gross assets, . . . . 

Liabilities. 
Unpaid losses, ......... 

Unearned premiums on outstanding risks, . 

Taxes accrued, 

All liabilities, except surplus, ...... 

Surplus, .......... 

Total liabilities, ........ 

Risks and Premiums. 

Amount. Cash Prem's. 

Risks outs'ding Dec. 31, 1905, $32,417,976 00 $265,517 79 
Risks written during 1906, . 40,572,419 00 325,724 38 



$13,975 41 

500 00 

$326,595 20 

331,509 50 

$658,104 70 



$12,586 07 
249,491 84 
4,839 93 
1,192 92 
5,383 09 
2,387 06 
4,822 85 

$280,703 76 



$377,400 94 


$346,060 00 

25,274 33 

6,066 61 


$377,400 94 


511 67 
2,950 88 


$380,863 49 


$524 54 

154,912 22 

5,518 88 



$160,955 64 
219,907 85 

$380,863 49 



Total, . . . $72,990,395 00 

Risks expired and terminated, 34,706,678 00 



$591,242 17 
281,417 73 



Conting't Prem's. 

$1,327,588 95 
1,628,621 90 

$2,956,210 85 
1,407,088 65 



In force at end of year, 



,283,717 00 $309,824 44 $1,549,122 20 



Miscellaneous. 
Losses incurred during the year, .... 
Profits or surplus returned during 1906, 93.02 per cent. 



.2,165 00 



120 



ASSURANCE COMPANY OF AMERICA. 



Schedule A. Stocks and Bonds owned by the Company. 

Railroad Stocks 
100 shares Atchison, Topeka & Santa Fe, prefer'd 
200 " Chicago, Great Western, 

23 " Chicago, Milwaukee & St. P., common 
123 rights Chicago, Milwaukee & St. P., common 
Subscription to C., M. & St. P. com. 1st instal. pd. 
Subscription to C, M. & St. P., pref. 1st instal. pd. 
100 shares Chicago, Mil. & St. Paul, preferred, 
100 
100 

60 

40 
200 
100 
130 
100 
100 
150 
500 
200 
100 
200 
105 



Cleve., Chic, Cin. & St. Lo., preferred 

Cleveland & Pittsburg, 

Illinois Central, 

Illinois Central leased lines, 

Manhattan, 

Minn., St. P. & S. Ste. Marie, preferred 

Morris & Essex, 

New York, New Haven & Hartford, 

Northern Pacific, 

Old Colony, .... 

Pennsylvania, .... 

Pittsburg, Bess. & Lake Erie, preferred 

Southern, preferred, 

Union Pacific, preferred, 

West End Street, 

Municipal Bonds. 
Boston, Mass., 4s, 1910, . 
Boston, Mass., 3£s, 1930, . 
Providence, R. I., 4s, 1925, 

Railroad Bonds. 
Denver City Tramway 5s, 1919, 
N. Y., New Haven & Hart, convertible 3|s, 1956, 



Book Value. 


Rate. 


Market Value. 


$10,000 00 


99 


$9,900 00 


17,600 00 


80 


16,000 00 


2,300 00 


14S£ 


3,424 13 




33^ 


4,120 50 


\ 300 00 


100 


300 00 


610 00 


100 


610 00 


18,400 00 


162| 


16,275 00 


11,500 00 


110 


11,000 00 


9,500 00 


177 


8,850 00 


8,000 00 


165^ 


9,930 00 


4,000 00 


103 


4,120 00 


31,300 00 


142| 


28,550 00 


15,800 00 


168 


16,800 00 


11,375 00 


182 


11,830 00 


18,250 00 


190^ 


19,050 00 


20,200 00 


185| 


18,525 00 


27,750 00 


198 


29,700 00 


31,875 00 


138f 


34,593 75 


15,400 00 


145 


14,500 00 


10,000 00 


94 


9,400 00 


19,600 00 


94 


18,800 00 


9,800 00 


184 


9,660 00 


10,000 00 


100 


10,000 00 


10,000 00 


96£ 


9,612 50 


20,500 00 


104i 


20,900 00 


8,000 00 


101 


8,080 00 


4,000 00 


112 


4,480 00 


$346,060 00 


$349,010 88 



ASSURANCE COMPANY OF AMERICA, NEW YORK, N. Y. 

Incorporated Feb. 25, 1897. Commenced business April 1, 1897. 

* Paid-up Capital, $200,000. 

R. BLEECKER RATHBONE, President. CHARLES S. CONKLIN, Secretary. 

Home Office, J+5 William Street. 

Income. 

Net fire premiums, $453,400 12 

Interest on bonds, $32,387.60; all other, $1,906.46, . . 34,294 06 

Profit on sale or maturity of ledger assets, .... 262 50 



Total income, ..... 

Ledger assets, Dec. 31, 1905, .... 

Total, 

Disbursements. 
Net amount paid for fire losses, 
Commissions or brokerage, .... 

Salaries, fees, etc., of officers and employees, 
Taxes and fees, ...... 

Loss on sale or maturity of ledger assets, 

All other disbursements, .... 

Total disbursements, .... 

Balance, ...... 



$487,956 68 
1,062,274 40 

$1,550,231 08 



$474,106 13 

140,811 40 

1,855 00 

20,468 64 

813 67 

17,592 43 

$655,647 27 



,583 81 



* June 28, 1906, the capital stock was reduced from $400,000 to $200,000. 



ASSURANCE COMPANY OP AMERICA. 



121 



Ledger Assets. 



Bonds (schedule A), 
Cash in bank, 
Agents' balances, . 

Total ledger assets, 



Non-Ledger Assets. 



Interest accrued on bonds, .... 

Gross assets, ...... 

Assets not admitted. 

Agents' balances over three months due, . 
Book value of bonds over market value, . 

Total unadmitted assets, . . . - 



$1,495 02 
89,173 00 



Total admitted assets, ........ 

Liabilities. 

Unpaid losses, including $23,236 resisted, $193,883.08; less re- 
insurance, $10,166, ........ 

Unearned premiums on outstanding risks, . 

Commissions and other charges due agents and brokers, 



All liabilities, except capital and surplus, 
Surplus to policy holders, 
Paid-up capital, ..... 
Surplus over capital and general liabilities, 



$294,281 85 



Total liabilities, 



$790,635 50 
41,930 11 
62,018 20 

$894,583 81 

3,229 17 

$897,812 98 



90,668 02 
$830,644 96 



$183,717 08 

345,578 76 

7,067 27 

$536,363 11 

200,000 00 
94,281 85 

$830,644 96 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1905, 
Fire risks written during 1906, 

Total, .... 

Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, 

Net amount in force, 



Premiums. 

,386,107 00 $708,566 86 
56,199,590 00 662,907 56 



$114,585,697 00 $1,371,474 42 
52,467,132 00 613,010 71 



,118,565 00 $758,463 71 
8,518,749 00 105,765 96 



$53,599,816 00 $652,697 75 



Miscellaneous. 
Premiums received from organization of company, . 
Losses paid from organization of company, 
Fire losses incurred during the year, 
Cash dividends declared from organization of company, 
Company's stock owned by directors, 



$5,793,335 00 

3,875,115 00 

614,002 00 

265,456 00 

96,250 00 



Schedule A. Bonds owned by the Company. 

Municipal. Bonds. Book Value. Rate. Market Value. 

New York, N. Y., 5s, 1906, . . . . $10,073 00 100 $10,000 00 

New York, N. Y., 3s, 1925, .... 101,250 00 88f 88,375 00 

New York, N. Y., 3£s, 1927, .... 110,400 00 94£ 94,500 00 



122 



ATLANTIC MUTUAL INSURANCE CO. 



New York, N. Y. 
New York, N. Y. 
New York, N. Y. 



3£s, 1928, 
3*s, 1940, 
3*8, 1952, 

Railroad Bonds. 
Atch., Top. & Santa Fe general mortgage 4s, 1995, 
Baltimore & Ohio (S. W. Division), 3£s, 1925, 
Chicago & Alton 3s, 1949, 
Denver & Rio Grande 4s, 1936, 
Lake Shore & Michigan Southern 4s, 1928, 
Lehigh & Wilkes-Barre Coal Co. 4*s, 1910, 
Manhattan 4s, 1990, .... 

Metropolitan Street 4s, 2002, 
Richmond & Danville 5s, 1927, 
St. Louis, Iron Mountain & Southern 4s, 1929, 
Scioto Valley & New England 4s, 1989, 



Book Value. 


Rate. 


Market Value. 


$25,437 


50 


94£ 


$23,562 50 


221,750 


00 


92f 


185,250 00 


106,160 


00 


91f 


91,625 00 


30,600 


00 


100 


30,000 00 


17,850 


00 


90£ 


18,100 00 


16,565 


00 


78£ 


15,700 00 


20,200 


00 


97f 


19,550 00 


19,750 


00 


98 


19,600 00 


10,137 


50 


99 


9,900 00 


31,450 


00 


looj 


30,150 00 


18,450 


00 


82£ 


16,500 00 


11,100 


00 


110* 


11,050 00 


19,162 


50 


89 


17,800 00 


20,300 


00 


99 


19,800 00 


$790,635 


50 


$701,462 50 



ATLANTIC MUTUAL INSURANCE COMPANY, NEW YORK, N. Y. 

Incorporated April 11, 1842. Commenced business July 1, 1842. 
A. A. RAVEN, President. G. STANTON FLOYD-JONES, Secretary. 

Home Office, 51 Wall Street. 

Income. 
Net marine premiums, . . . . . . . . $2,910,462 30 

Interest on collaterals, $1 ,225 . 66 ; stocks and bonds, $338,623 . 53 ; 

all other, $29,718.83, 369,568 02 

Rents, including company's own occupancy, .... 330,860 83 



Total income, 
Ledger assets, Dec. 31, 1905, . 

Total, . 



. $3,610,891 15 
. 13,136,589 60 

$16,747,480 75 



Disbursements 
Net amount paid for marine losses, 
Scrip redeemed in cash, 
Interest paid to scrip holders, 
Commissions or brokerage, 
Salaries, fees, etc., of officers and employees, 
Rents, including company's own occupancy, 
Repairs and expenses on real estate, 
Real estate taxes, $59,010.41; other taxes and 
Advertising, 
Stationery, 

Subscriptions to newspapers, etc., 
Salvage expense, . 
Commissary, 
Premiums on liability and plate glass insurance, 

Total disbursements, .... 

Balance, ...... 

Ledger Assets. 
Real estate, ....... 

Loans secured by collateral (schedule A), 



fees, $43,318.83 



. $1,022,019 


61 


. 1,255,000 


00 


460,000 


00 


87,932 


67 


314,863 


30 


50,000 


00 


. ' 96,348 


57 


102,329 24 


6,576 


80 


7,173 


89 


4,373 


78 


26,919 09 


11,110 


50 


843 


56 


. $3,445,491 


01 


$13,301,989 74 


. $4,374,426 04 


100,000 00 



ATLANTIC MUTUAL INSURANCE CO. 



123 



Stocks and bonds (schedule B), 
Cash in banks and office, 
Bills receivable, 

Deposited with foreign bankers, 
Scrip owned by company, 

Total ledger assets, 



Non-Ledger Assets. 
Market value of stocks and bonds over book value, 

Gross assets, ...... 

Assets not admitted. 
Company's scrip owned, .... 

Bills receivable, past due, .... 
Book value of real estate over market value, . . 
Total unadmitted assets, . . 

Total admitted assets, .... 

Liabilities. 

Unpaid losses, including $22,000 resisted, 
Unearned premiums on outstanding risks, 
Unpaid scrip ordered to be redeemed, 
Interest due or accrued, 
Due for return premiums, 
Surplus on redemption of scrip withheld as security, 
Reserve for depreciation in real estate, 
Outstanding certificates of profits, . 

All liabilities, except surplus, . 
Surplus, ..... 



56,003,038 10 

1,263,598 30 

1,273,574 76 

271,142 54 

16,210 00 

$13,301,989 74 



. 1,849,930 90 
$15,151,920 64 



$16,210 00 

81,599 88 

426 04 



98,235 92 



$15,053,684 72 



$2,256,014 00 

690,719 33 

213,151 48 

-48,103 47 

102,787 93 

21,243 13 

270,000 00 

7,548,420 00 

$11,150,439 34 
. 3,903,245 38 



Total liabilities, 



$15,053,684 72 



Marine risks outstanding Dec. 31, 1905, 
Marine risks written during 1906, . 

Total, .... 

Risks expired and terminated, 

In force at end of year, . . 

Amount reinsured, . . . 

Net amount in force. 



Risks and Premiums. 

. $127,661,651 00 



762,062,155 00 



Premiums. 

$581,762 85 
3,190,241 67 



,723,806 00 $3,772,004 52 
735,633,154 00 3,081,285 19 



$154,090,652 00 
25,785 00 



$690,719 33 
161 48 



$154,064,867 00 $690,557 85 



Miscellaneous. 
Premiums received from organization of company, . 
Losses paid from organization of company, 
Marine and inland losses incurred during the year, 
Scrip dividends declared from organization of company, 
Scrip dividends declared during the year, 



$227,313,529 00 
128,932,380 00 
. 2,577,616 00 
. 81,310,840 00 
. 1,187,000 00 



124 



ATLANTIC MUTUAL INSURANCE CO. 



Schedule A. Securities held as Collateral. 

Company's 
Market Value. 
. $97,800 00 
. 13,700 00 
. 17,800 00 

$129,300 00 



600 shares Chicago, Milwaukee & St. Paul, preferred, 
100 " Pennsylvania, ..... 
Atlantic Coast Line bonds, 4s, 1952, . 



Loaned 
Thereon. 

$100,000 00 



Schedule B. Stocks and Bonds owned by the Company. 



Railroad Stocks. 

1,600 shares Chicago & Northwestern, 
700 " Delaware & Hudson, 

1,800 " Delaware, Lackawanna & Western, 
250 " Great Northern, preferred, 
250 " Gt. North., I. O. Prop. (temp, certs.) 
400 " Morris & Essex, 

4,000 " New York Central & Hudson R., 
500 " New York, Lackawanna & Western, 
200 " Northern Pacific, . 

6,000 " Pennsylvania, 

Bank Stocks. 
900 shares American Exchange Nat'l, N. Y., 
500 " Bank of. America, N. Y., 
360 " Bank of the Manhattan Co., N. Y., 
942 "' Bank of N. Y. (Nat. B. Asso.), N. Y. 
333 " Market & Fulton Nat'l, N. Y., 
850 " Mechanics National, N. Y., 

1,403 " Merchants National, N. Y., 
805 " Metropolitan Trust Company, 
805 " N'l Bank of Commerce, N. Y., 
100 " U. S. Mortgage & Trust Co., . 

Miscellaneous Stocks. 
700 shares Consolidated Gas Co. of New York, . 
Government, State and Municipal Bonds. 
United States 4s, 1925, 
District of Columbia 3.65s, 1924, 
New York 3s, 1912, 
New York, N. Y., 6s, 1910, 
New York, N. Y., 3£s, 1916, 
New York, N. Y., 3^s, 1953, 
New York, N. Y., 5s, 1907, 
New York, N. Y., 4fs, 1907, 

Railroad Bonds. 
Atlantic Coast Line 4s, 1952, 
Brooklyn & Montauk 5s, 1938, . 
Chicago, B. & Q. (Illinois Division) 4s, 1949, 
Delaware & Hudson 4s, 1916, 
Lake Shore & Michigan Southern 4s, 1928, 
Lake Shore & Michigan Southern 4s, 1931, 
New York Central & Hudson River 4s, 1934, 
New York, Chicago & St. Louis 4s, 1937, . 
Northern Pacific-Great Northern 4s, 1921, . 
St. Paul, Minneapolis & Manitoba 4s, 1940, 
West Shore 4s. 2361 

Miscellaneous Bonds. 
Consolidated Gas Co. of New York 6s, 1909, 



Book Value. 

$226,193 63 

160,262 50 

104,233 00 

69,381 25 



34,475 

194,430 

61,687 

40,625 



00 
19 
50 
00 



374,606 25 

113,004 82 
61,765 49 
25,524 81 

154,805 98 
45,080 00 
82,369 10 
80,203 98 

294,558 63 

115,437 11 
26,420 01 

80,065 31 

558,843 00 
94,351 79 
220,750 00 
45,284 25 
634,920 00 
500,625 00 
250,167 50 
100,050 00 

55,550 00 

75,000 00 
100,812 50 

24,051 00 
198,125 00 

98,500 00 
143,483 75 

91,565 83 
145,622 50 

99,393 92 
203,312 50 

17,500 00 



Rate. 
198£ 
222 
515 
181 
79 
182 
131 
127| 
185i 
138| 

247 

525 

300 

315 

265 

245 

160 

572^ 

181 

475 

138 

129f 

116 

100 

105 
961 
9l| 

100 

100 

96 
106 
102| 
107 

98 

97£ 

97f 
lOlf 

96£ 
100 
103£ 

137 



Market Value. 

$317,200 00 

155,400 00 

463,500 00 

45,250 00 

19,750 00 

36,400 00 

524,000 00 

63,687 50 

37,050 00 

415,125 00 

222,300 00 
262,500 00 

54,000 00 
296,730 00 

88,245 00 
208,250 00 
112,240 00 
460,862 50 
145,705 00 

47,500 00 

96,600 00 

648,125 00 
232,000 00 
200,000 00 
36,750 00 
581,250 00 
457,500 00 
250,000 00 
100,000 00 

52,800 00 

79,500 00 
102,125 00 

25,680 00 
196,000 00 

97,500 00 
146,437 50 
101,750 00 
145,312 50 

96,969 00 
207,000 00 

23,975 00 



5,003,038 10 



$7,852,969 00 



THE BEN FKANKLIN INSURANCE CO. 



125 



THE BEN FRANKLIN INSURANCE COMPANY OF THE CITY OF 
ALLEGHENY, ALLEGHENY, PA. 

Incorporated Feb. 9, 1866. Commenced business June 26, 1866. 

Paid-up Capital, $200,000. 

SAMUEL McKNIGHT, President. WILLIAM A. FORD, Secretary. 

Home Office, 116 Ohio Street, West. 



Income. 
Net fire premiums, ....... 

Interest on mortgage loans, 131,747.06; all other, $297.01, 
Rents, . . . . . 

Total income, ...... 

Ledger assets, Dec. 31, 1905, ..... 



Total, 

Disbursements. 
Net amount paid for fire losses, .... 

Interest and dividends to stockholders, . 
Commissions or brokerage, . . . 

Salaries, fees, etc., of officers and employees, 
Rents, ........ 

Repairs and expenses on real estate, 

Real estate taxes, $79.64; other taxes and fees, $8,980.69 

Advertising, printing and stationery, 

Legal expenses, ... 

Profit and loss, ....... 

All other disbursements, ..... 

Total disbursements, . . 

Balance, . . . . 

Ledger Assets. 
Real estate, $4,000; mortgages, $597,555, 
Cash in banks and office, ..... 

Agents' balances, ....... 

Premiums in course of collection, .... 

Total ledger assets, ..... 

Non-Ledger Assets. 

Interest due and accrued on mortgages, . 

Rents due on company's property, .... 

Gross assets, ....... 

Assets not admitted. 
Agents' balances over three months due, 

Total admitted assets, ..... 



$371,177 20 

32,044 07 

336 00 



. $403,557 27 


601,886 86 


. $1,005,444 13 


. $155,016 39 


32,000 00 


103,259 65 


14,132 73 


2,100 00 


9 80 


l, . 9,060 33 


4,248 76 


56 05 


149 78 


. .11,165 79 


. $331,199 28 


. $674,244 85 


. $601,555 00 


20,743 00 


48,280 15 


3,666 70 


. $674,244 85 


9,701 29 


28 00 


. $683,974 14 


716 05 



$683,258 09 



126 



BLACKSTONE MUTUAL FIRE INSURANCE CO. 



Liabilities. 
Unpaid losses, including $2,516 resisted, $26,607.40; less rein- 
surance, $318.11, ........ 

Unearned premiums on outstanding risks, $297,966.04; plus 

same on disallowed reinsurance, $13,384.35, 
Salaries and other miscellaneous expenses, due or accrued, 
Commissions and other charges due agents and brokers, 
Due for return premiums, ....... 



All liabilities, except capital and surplus, 
Surplus to policy holders, 
Paid-up capital, . . . . 

Surplus over capital and general liabilities, 



$341,947 34 



Total liabilities, 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1905, 
Fire risks written during 1906, 

Total, 

Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, 

Net amount in force, 



,726,422 00 
39,501,496 00 

$78,227,918 00 
28,675,580 00 

$49,552,338 00 
3,210,613 00 



$26,289 29 

311,350 39 

3,060 13 

550 01 

60 93 

$341,310 75 

200,000 00 
141,947 34 

$683,258 09 



Premiums. 

$487,646 31 
473,037 99 

$960,684 30 
366,206 05 

$594,478 25 
37,493 91 



,341,725 00 $556,984 34 



Miscellaneous. 
Premiums received from organization of company, . 
Losses paid from organization of company, 
Fire losses incurred during the year, 
Cash dividends declared from organization of company, 
Stock dividends declared from organization of company, 
Dividends declared during the year (16 per cent.), 
Company's stock owned by directors, 



$2,936,036 00 

1,216,945 00 

144,401 00 

358,301 00 

40,000 00 

32,000 00 

76,350 00 



BLACKSTONE MUTUAL FIRE INSURANCE COMPANY, 
PROVIDENCE, R. I. 

Incorporated August, 1868. Commenced business August, 1868. 
WM. B. McBEE, President. JAMES H. SWEET, Secretary. 

Office, 10 Weybosset Street. 

Income. 

Net premiums, $701,907 06 

Interest on stocks and bonds, $27,665.92; all other, $5,370.33, . 33,036 25 

Profit on sale or maturity of ledger assets, .... 4,675 00 

Dividend, Lime Rock National Bank, in liquidation, . . 500 00 



Total income, 
Ledger assets, Dec. 31, 1905, 



^740,118 31 
720,749 22 



Total, 



,460,867 5.3 



BLACKSTONE MUTUAL FIRE INSURANCE CO. 127 



Disbursements. 
Net amount paid for losses, 
Profits on terminated policies, 



Salaries, fees, etc., of officers and employees, .... 12,967 68 



Rents, ..... 

Taxes and fees, .... 
Reduction in book value of ledger assets, 
Inspections, ..... 
All other disbursements, 

Total disbursements, 

Balance, . . . 



$32,459 56 
577,069 83 



1,870 08 
12,467 41 

7,185 11 
10,434 36 

2,359 56 

$656,813 59 
$804,053 94 



Ledger Assets. 

Stocks and bonds (schedule A), $689,125 00 

Cash in banks, . 104,785 76 

Premiums in course of collection, ...... 10,143 18 



^ Total ledger assets, . . . . . . , $804,053 94 

Non-Ledger Assets. 

Interest accrued on bonds, ....... 3,041 51 

Market value of stocks and bonds over book value, . . . 96,024 25 



Gross assets, . $903,119 70 

Liabilities. 

• Unpaid losses, . .. . . # $1,424 61 

Unearned premiums on outstanding risks, .... 349,192 88 

Taxes, 11,565 20 



All liabilities, except surplus, ...... $362,182 69 

Surplus, 540,937 01 



Total liabilities, . . $903,119 70 

Risks and Premiums. 

• Amount. Cash Prem's. Conting't Prem's. 

Risks outs'ding Dec. 31, 1905, $77,291,647 00 $618,642 33 $3,093,211 65 
Risks written during 1906, . 93,237,332 00 732,258 51 3,661,292 55 



Total, .... $170,528,979 00 $1,350,900 84 $6,754,504 20 
Risks expired and terminated, 82,096,336 00 652,515 08 3,262,575 40 



In force at end of year, . . $88,432,643 00 $698,385 76 $3,491,928 80 

Miscellaneous. 
Losses incurred during the year, ...... $27,470 00 

Profits or surplus returned during 1906, 92.75 per cent. 

Schedule A. Stocks and Bonds owned bythe Company. 

Railroad Stocks. Book Value. Rate. Market Value. 

601 shares Albany & Susquehanna, . . . $14,580 00 245 $14,700 00 

214 " Cayuga & Susquehanna, . . . 14,552 00 220 14,124 00 

200 " Chic, Mil. & St. Paul, common, . . 34,025 00 148£ 29,775 00 

200 rights Chic, Mil. & St. Paul, common, . • . - 33| 6,700 00 

Subscription Chic, Mil. & St. P., 1st inst. p'd, pref., 1,000 00 100 1,000 00 



128 



BRITISH AMERICAN INSURANCE CO. OF NEW YORK. 



Chic, Mil. & St. Paul, 1st instal. paid, common, 

324 shares Chicago & Northwestern, . 

200 " Cleve., Cin., Chic. & St. Lo., common, 

100 " Cleveland & Pittsburgh, common, 

100 " Erie & Pittsburgh, common, 

150 " Hereford, common, . 

360 " Illinois Central, common, . 

100 " Illinois Central (leased lines), 

110 " Mahoning Coal, preferred, 

250 " Manhattan Elevated, 

300 " Morris & Essex, 

200 " N. Y., Lackawanna & Western, 

944 " Pennsylvania, .... 

100 " Pitts., Bes. & Lake Erie, preferred, 

170 " Pitts., Ft. Wayne & Chicago, 

222 " Pitts., McKeesport & Youghiogheny, 

50 shares Rensselaer & Saratoga, 
200 " Rome, Watertown & Ogdensburg, 

50 " Upper Coos, . . 

Bank Stocks. 
200 shares Lime Rock National (Prov., R. I.), 

Miscellaneous Stocks. 
200 shares American Telephone & Tel. Co., 

50 " Gold & Stock Telegraph Co., 
100 " St. Louis Bridge Co., preferred, 

Government Bonds. 
United States 4s, 1925, 

State Bonds. 
Rhode Island 3*s, 1924, . 
Rhode Island 3s, 1936, 

Railroad Bonds. 
Chicago, Burlington & Quincy 3*s, 1949, 
Long Island guar. ref. 4s, 1949, 
North. Pac. & Gt. North. (C, B. & Q. col.) 4s, 1921, 
United Traction & Electric Co., Prov., 5s, 1933, . 



Book Value. 

$500 00 
32,400 00 
23,750 00 

9,750 00 

8,100 00 
15,000 00 
37,080 00 
10,750 00 

5,500 00 
35,000 00 
28,200 00 
25,800 00 
59,472 00 

5,000 00 
29,240 00 
15,446 00 

9,900 00 
20,000 00 

7,450 00 

1,500 00 

27,600 00 

6,250 00 

14,500 00 

16,000 00 

100,000 00 
15,000 00 

4,000 00 

9,900 00 

26,880 00 

25,000 00 



,125 00 



Rate. 
100 
198| 

901 
177 
156 

97 
165* 
103 
100 
142f 
182 
127| 
138| 
145 
173 
133 
200 
1271 
145 



133* 

110 

140 

129f 

104* 

971 

92 
99 
96£ 
108* 



Market Value . 

$500 00 

64,233 00 

18,175 00 

8,850 00 

7,800 00 
14,550 00 
59,580 00 
10,300 00 

5,500 00 
35,687 50 
27,300 00 
25,475 00 
65,313 00 

7,250 00 
29,410 00 
14,763 00 
10,000 00 
25,500 00 

7,250 00 



26,700 00 

5,500 00 

14,000 00 

20,740 00 

104,875 00 
14,643 75 

3,680 00 

9,900 00 

54,250 00 

27,125 00 

$785,149 25 



BRITISH AMERICAN INSURANCE COMPANY OF NEW YORK, 

NEW YORK, N. Y. 

Incorporated February, 1898. Commenced business February, 1898. 

Paid-up Capital, $200,000. 

E. J. KNOWLES, President. H. W. FRINK, Secretary. 

Rome Office, J+5 Cedar Street. 

Income. 

Net fire premiums, $369,970 14 

Interest on stocks and bonds, $17,692.25; all other, $35.89, . 17,728 14 

Profit on sale or maturity of ledger assets, .... 18,625 25 



Total income, ..... 

Ledger assets, Dec. 31, 1905, . 

Total, 

Disbursements. 
Net amount paid for fire losses, 
Interest and dividends to stockholders, . 
Commissions or brokerage, 
Salaries, fees, etc., of officers and employees, 
Rents, . . . . ... 

Taxes and fees, ..... 



$406,323 53 
551,086 34 

$957,409 87 



$316,411 95 

10,000 00 

90,870 85 

10,333 64 

2,225 00 

6,886 18 



BRITISH AMERICAN INSURANCE CO. OF NEW YORK. 



129 



Adjustment expenses, . 
Advertising, printing and stationery, 
Interest on loans, .... 

Inspection and supervision, 

Maps, ...... 

Postage, ..... 

Local board, .... 

All other disbursements, 

Total disbursements, 

Balance, .... 



Stocks and bonds (schedule A), 
Cash in banks and office, 
Agents' balances, . 



Ledger Assets. 



Total ledger assets, 



Non-Ledger Assets. 



Interest accrued on bonds, ....... 

Gross assets, . . . . 

Assets not admitted. 
Book value of stocks and bonds over market value, . 

Total admitted assets, ....... 

Liabilities. 

Unpaid losses, including $1,120 resisted, $93,422.78; less rein- 
surance, $34,344.46, 

Unearned premiums on outstanding risks, .... 

Due for reinsurance, . . 



All liabilities, except capital and surplus, 
Surplus to policy holders, 
Paid-up capital, ..... 
Surplus over capital and general liabilities, 



$216,421 46 



Total liabilities, 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1905, 
Fire risks written during 1906, 

Total, 

Risks expired and terminated, 

In force at end of year, . 
Amount reinsured. 

Net amount in force, .... 

Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, 



$47,130,994 00 
54,544,094 00 

$101,675,088 00 
56,989,617 00 

$44,685,471 00 
15,388,847 00 



£3,312 53 

2,849 72 
693 05 

4,608 48 
558 77 

1,819 46 

3,510 46 
424 76 



$454,504 85 
$502,905 02 



$388,633 50 
25,802 32 
88,469 20 

$502,905 02 



1,166 64 
$504,071 66 



23,658 50 
$480,413 16 



),078 32 
191,306 23 
13,607 15 

$263,991 70 

200,000 00 
16,421 46 

$480,413 16 



Premiums. 

$552,571 70 
655,131 22 

1,207,702 92 
694,976 62 

$512,726 30 
158 856 85 



$29,296,624 00 $353,869 45 



12,185,379 00 
1,399,768 00 



130 



BUFFALO COMMERCIAL INSURANCE CO. 



Fire losses incurred during the year, 
Cash dividends declared from organization of company, 
Dividends declared during the year (5 per cent.), 
Company's stock owned by directors, 



$356,837 00 

15,000 00 

10,000 00 

176,000 00 



Schedule A. Stocks and Bonds owned by the Company. 



Railroad Stocks. 
100 shares Atchison, Top. & Santa Fe, preferred, 
100 " Baltimore & Ohio, common, 
100 " Erie, 1st preferred, . 
200 " Illinois Central, 
500 " Pennsylvania, . 
100 " Union Pacific, common, 
100 " Union Pacific, preferred, 
Miscellaneous Stocks. 
100 shares Consolidated Gas Co., New York, 
150 " General Electric, 
150 rights General Electric, . ... 

200 shares The Mackay Co., preferred, 

1 share Western Adjustment Inspection Co., 
Municipal Bonds. 
New York, N. Y., 3^s, 1927, 
New York, N. Y., 3£s, 1940, 



Book Value. 

$10,187 50 

11,487 50 

8,500 00 

27,012 50 

31,593 75 

11,462 50 

9,787 50 

21,012 50 
26.750 25 

14,787 50 



109,250 00 
106,802 00 

$388,633 50 



Rate. 

99 
119* 

75 
165J 
138f 
180* 

94 

138 

160 

HI 

68* 
100 

94* 

92# 



Market Value. 
$9,900 00 
11,950 00 
7,500 00 
33,100 00 
34,593 75 
18,025 00 
9,400 00 

13,800 00 

24,000 00 

1,781 25 

13,700 00 

100 00 

94,500 00 
92,625 00 

$364,975 00 



BUFFALO COMMERCIAL INSURANCE COMPANY, BUFFALO, N. Y 

Incorporated April 15, 1896. Commenced business April 16, 1896. 

Paid-up Capital, $200,000. 

JOHN G. WICKSER, President. GEO. H. HOFHEINS, Secretary. 

Home Office, 4.55 Main Street. ' 

Income. 
Net fire premiums, ........ 

Interest on mortgage loans, $7,549.07; bonds, $9,601.74; all 

other, $2,106.96, 

Profit on sale of bonds, ........ 



$344,248 31 

19,257 77 
140 62 



Total income, .... 

Ledger assets, Dec. 31, 1905, . 

Total, 

Disbursements. 
Net amount paid for fire losses, 
Interest and dividends to stockholders, 
Commissions or brokerage, 
Salaries, fees, etc., of officers and employees, 
Rents, ...... 

Taxes and fees, .... 

Loss on sale or maturity of bonds, . 

Printing and stationery, 

Furniture and fixtures, .... 

All other disbursements, 

Total disbursements, 

Balance, ..... 



$363,646 70 
556,550 27 

$920,196 97 

$162,298 20 

16,000 00 

90,673 75 

12,894 19 

642 95 

7,565 26 

62 50 

1,560 99 

1,357 29 

12,268 19 

$305,323 32 

$614,873 65 



BUFFALO COMMERCIAL INSURANCE CO. 



131 



Ledger Assets. 
Mortgages, .......... 

Bonds (schedule A), 

Cash in banks, ......... 

Agents' balances, ......... 

Total ledger assets, ....... 

Non-Ledger Assets. 
Interest due and accrued : — 
On mortgages, $1,191.50; bonds, $2,137.11, . 

Gross assets, ......... 

Assets not admitted. 
Book value of bonds over market value, ..... 

Total admitted assets, ....... 

Liabilities. 
Unpaid losses, ......... 

Unearned premiums on outstanding risks, $259,566 .44; plus same 

on disallowed reinsurance, $1,301.87, . 
Reserve for contingencies, ....... 



All liabilities, except capital and surplus, 
Surplus to policy holders, 
Paid-up capital, ..... 
Surplus over capital and general liabilities, 



$319,080 73 



Total liabilities, 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1905, 
Fire risks written during 1906, 

Total, . . . 

Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, 

Net amount in force, 



$35,782,751 00 
34,574,993 00 

$70,357,744 00 
26,583,654' 00 

$43,774,090 00 
1,858,589 00 



$158,865 00 

326,870 84 

85,096 36 

44,041 45 

$614,873 65 



3,328 61 

$618,202 26 

8,089 59 
$610,112 67 



$25,163 63 

260,868 31 
5,000 00 

$291,031 94 

200,000 00 
119,080 73 

$610,112 67 



Premiums. 

$417,711 98 
416,974 63 

$834,686 61 
330,550 80 

$504,135 81 
18,402 46 



$41,915,501 00 $485,733 35 



Miscellaneous. 

Premiums received from organization of company, . 

Losses paid from organization of company, 

Fire losses incurred during the year, 

Cash dividends declared from organization of company, 

Dividends declared during the year (8) per cent., 

Company's stock owned by directors, 

Schedule A. Bonds owned by the Company. 

Municipal Bonds. Book Value. Rate. 

Buffalo, N. Y., 3|s, 1907, $10,000 00 99| 

5,000 00 99f 

10,000 00 99f 



Buffalo, N. Y., 3^s, 1908, 
Buffalo, N. Y., 3is, 1909, 



51,986,963 00 

1,014,863 00 

176,347 00 

75,000 00 

16,000 00 

64,500 00 



Market Value. 

$9,987 50 

4,987 50 

9,962 50 



132 



BUFFALO GERMAN INSURANCE CO, 



Buffalo, N. Y., 3£s, 1910, 
Buffalo, N. Y., 3£s, 1911, 
Buffalo, N. Y., 3£s, 1912, 
Buffalo, N. Y., 3£s, 1913, 
Buffalo, N. Y., 3£s, 1914, 
Buffalo, N. Y., 3£s, 1915, 
Buffalo, N. Y, 3|s, 1916, 
Buffalo, N. Y, 3^s, 1919, 
Buffalo, N. Y., 3^s, 1922, 
Buffalo, N. Y., 3^s, 1923, 
New York, N. Y., 3is, 1917, 
New York, N. Y., 3^s, 1928, 
New York, N. Y., 3^s, 1929, 
New York, N. Y., 3£s, 1954, 

Railroad Bonds 
Atlantic Coast Line 4s, 1952, 
Chicago, Mil., St. Paul 5s, 1921, 
Wabash 1st mortgage 5s, 1939, . 



Book Value. 

$65,000 00 

55,000 00 

5,000 00 
10,000 00 

5,000 00 

5,000 00 
10,000 00 

5,000 00 
10,000 00 
10,000 00 
25,000 00 
25,000 00 
10,000 00 
40,000 00 

9,566 67 

11,187 50 

1,116 67 

$326,870 84 



Rate. 
99i 
99i 
99 



98f 

98| 

98^ 

98 

97f 

97f 

96f 

94i 

94i 

91f 

96 
111* 
H2| 



Market Value. 
$64,675 00 

54,587 50 
4,950 00 
9,887 50 
4,937 50 
4,931 25 
9,850 00 
4,900 00 
9,775 00 
9,762 50 

24,187 50 

23,562 50 
9,412 50 

36,550 00 

9,600 00 

11,150 00 

1,125 00 

$318,781 25 



BUFFALO GERMAN INSURANCE COMPANY, BUFFALO, N. Y. 

Incorporated Feb. 15, 1867. Commenced business Feb. 16, 1867. 

Paid-up Capital, $200,000. 

OLIVER J. EGGERT, President. CHARLES A. GEORGER, Secretary. 

Home Office, 44? Main Street. 

Income. 

Net fire premiums, . $677,384 84 

Interest on mortgage loans, $23,036.64; collaterals, $283.31; 

bonds, $46,959.81; all other, $3,787.62, .... 74,06738 

Rents, including company's own occupancy, .... 24,427 38 

Brokerage, .......... 4,266 33 



Total income, .... 

Ledger assets, Dec. 31, 1905, . 

Total, . . 

Disbursements 
Net amount paid for fire losses, 
Interest and dividends to stockholders, . 
Commissions or brokerage, . . . 

Salaries, fees, etc., of officers and employees, 
Rents, including company's own occupancy, 
Repairs and expenses on real estate, 
Real estate taxes, $10,423.53; other taxes and 
Printing, 

Profit and loss, ..... 
Traveling expenses, .... 
All other disbursements, 

Total disbursements, 



Balance, 



Ledger Assets 



Real estate, $337,000; mortgages, $414,800, 
Loans secured by collateral (schedule A), 



),145 93 
2,399,847 64 



fees, 



. $3,179,993 57 


. $548,530 


15 


40,000 


00 


191,973 


87 


34,261 


07 


2,500 


00 


7,548 


65 


$14,764.34; 25,187 


87 


3,001 


79 


. . . 1,222 


70 


4,290 34 


23,136 07 


. $881,652 51 


. $2,298,341 


06 


. $751,800 00 


14,600 


00 



BUFFALO GERMAN INSURANCE CO. 



133 



Bonds (schedule B), 

Cash in banks and office, ....... 

Agents' balances, ......... 

Total ledger assets, ....... 

Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $4,385.93; bonds, $7,468.11; on collateral loans, 

$495, 

Rents due on company's property, ...... 



,317,166 67 

138,583 40 

76,190 99 

',298,341 06 



Gross assets,* ...... 

Assets not admitted. 
Book value of bonds over market value, . 

Total admitted assets, 



12,349 04 
652 50 

. $2,311,342 60 

49,545 84 



Liabilities. 

Unpaid losses, including $1,967.61 resisted, $58,802.55; less rein- 
surance, $11,752.50, ........ 

Unearned premiums on outstanding risks, $579,212 . 82 ; plus same 
on disallowed reinsurance, $4,861 . 50, . 



All liabilities, except capital and surplus, 
Surplus to policy holders, 
Paid-up capital, ..... 
Surplus over capital and general liabilities, 

Total liabilities, .... 



Fire risks outstanding Dec. 31, 1905, 
Fire risks written during 1906, 



12,261,796 76 

$47,050 05 

584,074 32 

$631,124 37 

200,000 00 
1,430,672 39 

. ... . $2,261,796 76 

Risks and Premiums. 

Premiums. 

$101,186,404 00 $1,039,591 57 
84,406,954 00 931,639 98 



,630,672 39 



Total, . . 

Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, 

Net amount in force, 



$185,593,358 00 $1,971,231 55 
63,354,847 00 709,387 09 



$122,238,511 00 $1,261,844 46 
15,175,257 00 166,804 00 



$107,063,254 00 $1,095,040 46 



Miscellaneous. 

Premiums received from organization of company, . 

Losses paid from organization of company, 

Fire losses incurred during the year, 

Cash dividends declared from organization of company, 

Dividends declared during the year (20 per cent.), 

Company's stock owned by directors, 



$13,076,382 00 

6,483,123 00 

572,320 00 

1,485,925 00 

40,000 00 

41,400 00 



Schedule A. Bonds owned by the Company. 

Municipal Bonds. Book Value. Rate. Market Value. 

Buffalo, N. Y., 3£s, 1907, .... $35,333 33 99| $35,289 16 



Buffalo, N. Y., 3^s, 1908, 
Buffalo, N. Y., 3^s, 1909, 



35,333 33 
130,333 33 



99f 
99# 



35,245 00 
129,844 58 



* Including $200,000 special reserve held under New York law. 



134 



CALEDONIAN-AMERICAN INSURANCE CO. 



















Book Value. 


Rate. 


Market Value. 


Buffalo, N. 


Y. 


3£s, 1910, . . . $75,333 33 


99J 


$74,956 66 


Buffalo 


N. 


Y. 


3^s 


1911, 








70,333 33 


991 


69,805 83 


Buffalo 


N. 


Y. 


3^s 


1912, 








125,333 33 


99 


124,080 00 


Buffalo 


N. 


Y. 


3|s 


1913, 








85,333 33 


98f 


84,373 33 


Buffalo 


N. 


Y. 


3*s 


1914, 








25,333 33 


98f 


25,016 66 


Buffalo 


N. 


Y. 


3^s 


1915, 








102,333 33 


98f 


100,926 25 


Buffalo 


N. 


Y. 


3^s 


1916, 








15,333 33 


98^ 


15,103 33 


Buffalo 


N. 


Y. 


3^s 


1917, 








15,333 33 


98f 


15,084 16 


Buffalo 


N. 


Y. 


3^s 


1918, 








15,333 33 


98i 


15,065 00 


Buffalo 


N. 


Y. 


3is 


1919, 








15,333 33 


98 


15,026 66 


Buffalo 


N. 


Y. 


3^s 


1920, 








15,333 33 


98 


15,026 66 


Buffalo 


N. 


Y. 


3is 


1921, 








15,333 33 


971 


15,007 50 


Buffalo 


N. 


Y. 


3^s 


1922, 








10,833 33 


97f 


10,589 58 


Buffalo 


N. 


Y. 


3is 


1923, 








3,333 33 


97f 


3,254 16 


Buffalo 


N. 


Y. 


3£s 


1924, 








3,333 33 


97i 


3,250 00 


Buffalo 


N. 


Y. 


3is 


1925, 








3,333 33 


97f 


3,245 83 


Buffalo 


N. 


Y. 


Sis 


1926, 








3,333 34 


97i 


3,241 67 


Buffalo 


N. 


Y. 


Sis 


1927, 








3,333 34 


97| 


3,241 67 


Buffalo 


N. 


Y. 


3^s 


1928, 








3,333 34 


97i 


3,237 51 


Buffalo 


N. 


Y. 


3^s 


1929, 








3,333 38 


97 


3,233 38 


New York, 


N. 


Y., 3^s, 1928, 








25,000 00 


94i 


23,562 50 


New York, 


N. 


Y., 3^s, 1929, 








40,000 00 


94| 


37,650 00 


New York, 


N. 


Y., 3£s, 1951, 








50,000 00 


91f 


45,812 50 


New York, 


N. 


Y., 3^s, 1952, 








55,000 00 


91| 


50,393 75 


New York, 


N. 


Y., 3*s, 1953, 








30,000 00 


91! 


27,450 00 


New York, 


N. 


Y., 3^s, 1954, 








306,000 00 


91f 


279,607 50 










$1,317,166 67 


$1,267,620 83 



CALEDONIAN-AMERICAN INSURANCE COMPANY, NEW YORK, N. Y. 

Incorporated Dec. 24, 1897. Commenced business March 24, 1898. 

Paid-up Capital, $200,000. 
CHARLES H. POST, President. B. G. STARK, Secretary. 

Home Office, 50 Pine Street. 

Income. 

Net fire premiums, $11,629 21 

Interest on stocks and bonds, ...... 10,608 33 

Profit on sale of ledger assets, . . . . . . 411 19 



Total income, ..... 

Ledger assets, Dec. 31, 1905, .... 

Total, 

• Disbursements. 
Net amount paid for fire losses, 
Commissions or brokerage, .... 

Salaries, fees, etc., of officers and employees, 
Rents, ....... 

Taxes and fees, ...... 

Postage, express and telegrams, 

Traveling expenses, ..... 

All other disbursements, .... 

Total disbursements, .... 

Balance, ...... 



Stocks and bonds (schedule A), 
Cash in banks, 



Ledger Assets. 



$22,648 73 
308,281 61 

$330,930 34 



$71,388 83 

2,876 22 

678 14 

37 06 

404 50 

103 17 

46 30 

434 17 

$75,968 39 

$254,961 95 



$228,668 78 
6,117 91 



CALEDONIAN-AMERICAN INSURANCE CO. 



135 



Agents' balances, ...... 

Due from other companies, .... 

Total ledger assets, .... 

Non-Ledger Assets. 
Interest due and accrued on bonds, 

Gross assets, ...... 

Assets not admitted. 

Agents' balances over three months due, . 

Due from unauthorized companies, 

Book value of stocks and bonds over market value, 

Total unadmitted assets, . . . — 

Total admitted assets, . . . . 

Liabilities. 

Unpaid losses, including $4,000 resisted, $96,213.48; less rein- 
surance, $74,606.61, ........ 

Unearned premiums on outstanding risks, .... 

Due for reinsurance, 



53,957 42 

1 53 

5,431 28 



$20,161 23 
14 03 

$254,961 95 

1,362 50 
$256,324 45 



9,390 23 



$246,934 22 



$21,606 87 
9,604 12 
4,930 12 



All liabilities, except capital and surplus, 
Surplus to policy holders, 
Paid-up capital, ..... 
Surplus over capital and general liabilities, 



$210,793 11 



Total liabilities, 



Fire risks outstanding Dec. 31, 1905, 
Fire risks written during 1906, 



141 11 



200,000 00 
10,793 11 

$246,934 22 



Risks and Premiums. 

Premiums. 

$12,734,623 00 $146,568 85 
8,771,488 00 97,568 08 



Total, . 
Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, 

Net amount in force, 



$21,506,111 00 $244,136 93 
10,269,973 00 122,225 39 



$11,236,138 00 $121,911 54 
9,479,641 00 102,687 77 



,756,497 00 $19,223 77 



Miscellaneous. 
Premiums received from organization of company, . 
Losses paid from organization of company, 
Fire losses incurred during the year, 
Cash dividends declared from organization of company, 
Company's stock owned by directors, 



$381,892 00 

358,227 00 

84,377 00 

46,000 00 

4,500 00 



Schedule A. Stocks and Bonds owned by the Company. 

Railroad Stocks. Book Value. Rate. Market Value. 

200 shares Pittsburg, Bessemer & Lake Erie, : $7,283 90 67 $6,700 00 

Municipal Bonds. 

New York, N. Y., 3s, 1908, . . . . 200,000 00 98£ 197,000 00 



136 



CALUMET INSURANCE CO. OF ILLINOIS. 



Railroad Bonds. 
Brooklyn, Queens Co. & Sub. 1st mort. 5s, 1941, 
New York, Ontario & Western 4s, 1992, 

Steinway 6s, 1922, 

Miscellaneous Bonds. 
The Tenth & Twenty-Third St. Ferry Co. 5s, 1919, 



Book Value. 
5,481 25 
5,097 38 
5,718 75 

5,087 50 

$228,668 78 



Rate. 
101 
100 
109f 

80 



Market Value. 
5,050 00 
5,000 00 
5,487 50 

4,000 00 
$223,237 50 



',157 27 

4,380 26 

22,366 21 

1,518 75 

370,000 00 



CALUMET INSURANCE COMPANY OF ILLINOIS, CHICAGO, ILL. 

Incorporated Jan. 21, 1905. Commenced business March 22, 1905. 

Paid-up Capital, $200,000. 

W. IRVING OSBORNE, President. A. W. HAIGHT, Secretary. 

Home Office, 153 La Salle Street. 

Income. 
Net fire premiums, ...... 

Interest on mortgage loans, $4,280.26; collaterals, $100, 
Interest on stocks and bonds, $21,087.25; all other, $1,278.96, 
Profit on sale or maturity of bonds, 
Received from stockholders, ..... 



Total income, ..... 

Ledger assets, Dec. 31, 1905, .... 

Total, . . 

Disbursements. 
Net amount paid for fire losses. 
Commissions or brokerage, .... 
Salaries, fees, etc., of officers and employees, 
Rents, 

Taxes and fees, 

Loss on sale or maturity of ledger assets, 
Board expense, 
Printing and stationery, 
Legal expense, 
Exchange and telegrams, 
Furniture and fixtures, . 
Maps, .... 
Postage, 
Advertising, 
Traveling expenses, 
Fire patrols, 
All other disbursements, 

Total disbursements, 

Balance, 

Ledger Assets. 
Mortgages, ........ 

Stocks (1 share Western Inspection & Adjustment Co.), 
Cash in banks and office, ..... 

Agents' balances, . . . 

Deposit with Philadelphia Underwriters' Ass'n, 



$495,422 49 


609,349 


16 


$1,104,771 


65 


$590,247 08 


24,658 


99 


41,040 


92 


3,849 25 


8,091 


48 


8,635 


68 


1,873 


00 


1,722 


79 


2,300 


00 


852 


16 


562 


80 


2,925 


84 


2,102 


02 


1,129 


01 


17,155 


19 


1,153 


73 


3,722 


08 


$712,022 02 



$392,749 63 



$6,000 00 

140 00 

369,099 10 

15,606 64 

100 00 



CALUMET INSURANCE CO. OF ILLINOIS. 



137 



Due from other companies, .... 
All other ledger assets, ..... 

Total ledger assets, .... 

Non-Ledger Assets. 
Interest accrued on mortgages, 

Gross assets, ...... 

Assets not admitted. 

Agents' balances over three months due, 
Book value of stock over market value, . 
Due from unauthorized companies, 
Deposit with Philadelphia Underwriters' Ass'n, 
Total unadmitted assets, . 



54,423 70 
40 00 

1,537 18 
100 00 



Total admitted assets, ...... 

Liabilities. 

Unpaid losses, $109,998.80; less reinsurance, $17,867.59, . 
Unearned premiums on outstanding risks, 
Salaries and other miscellaneous expenses, due or accrued, 
Reinsurance, ....... 

Miscellaneous, ....... 



All liabilities, except capital and surplus, 
Surplus to policy holders, 
Paid-up capital, ..... 
Surplus over capital and general liabilities, 



$213,481 04 



Total liabilities, 



Fire risks outstanding Dec. 31, 1905, 
Fire risks written during 1906, 



$1,803 67 
22 

$392,749 63 

250 00 
$392,999 63 



6,100 88 



$386,898 75 



$92,129 21 
70,435 83 

107 95 
10,136 69 

608 03 

$173,417 71 

200,000 00 
13,481 04 

$386,898 75 



Risks and Premiums. 

Premiums. 

. $20,264,569 00 $275,207 99 
. 27,934,218 00 375,011 95 



Total, . 
Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, 

Net amount in force, 



,198,787 00 $650,219 94 
29,168,926 00 396,626 80 



$19,029,861 00 $253,593 14 
10,168,149 00 130,251 55 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, 
Fire losses incurred during the year, 
Company's stock owned by directors, 



1,861,712 00 $123,341 59 



$369,946 00 

624,732 00 

641,089 00 

87,600 00 



138 



CAMDEN FIRE INSURANCE ASSOCIATION. 



CAMDEN FIRE INSURANCE ASSOCIATION, CAMDEN N. J. 

Incorporated March, 1841. Commenced business April, 1841. 

Paid-up Capital, $400,000. 

EDMUND E. READ, Jr., President. JOSEPH K. SHARP, Secretary. 

Home Office, 4^4 Federal Street. 

Income. 
Net fire premiums, ....... 

Deposit premiums on perpetual risks, .... 

Interest on mortgage loans, $20,597.43; collaterals, $5,118.79 

stocks and bonds, $38,120.25; all other, $1,195.10, 
Rents, . . . . ... 

Profit on sale or maturity of ledger assets, 

Transfer fees, ........ 



Total income, ..... 

Ledger assets, Dec. 31, 1905, . . 

Total, 

Disbursements. 
Net amount paid for fire losses, 
Deposit premiums returned, .... 
Interest and dividends to stockholders, . 
Commissions or brokerage, .... 
Salaries, fees, etc., of officers and employees, 
Repairs and expenses on real estate, 

Real estate taxes, $595.67; other taxes and fees, $14,122.68, 
Loss on sale or maturity of ledger assets, 
Agents' balances charged off, .... 
Adjustment expenses. 

Underwriters' boards, ..... 
All other disbursements, .... 

Total disbursements, . . 

Balance, ...... 

Ledger Assets. 

Real estate, $54,749.50; mortgages, $387,850.27, 

Loans secured by collateral (schedule A), 

Stocks and bonds (schedule B), 

Cash in banks and office, . . . 

Agents' balances, . . . . . 

Deposit with Philadelphia Underwriters' Association, 

Total ledger assets, 

Non-Ledger Assets. 
Interest due and accrued : — 
On mortgages, $4,222.88; bonds, $2,913.32; collateral loans, 
$168.90; other assets, $702.15, 

Gross assets, ......... 



. $1,059,432 


91 


1,996 


08 


65,031 


57 


565 


10 


6,663 


08 


29 


00 


. $1,133,717 74 


. 1,597,541 


31 


. $2,731,259 05 


. $765,919 


17 


974 


11 


39,983 


00 


286,773 


68 


30,864 00 


395 


98 


14,718 35 


4,115 


62 


12 


18 


4,506 


95 


7,902 


33 


18,137 


55 


. $1,174,302 92 


. $1,556,956 


13 


. $442,599 77 


127,000 


00 


814,939 


89 


30,606 


19 


141,710 28 


100 


00 


. $1,556,956 


13 



8,007 25 



$1,564,963 38 



CAMDEN FIRE INSURANCE ASSOCIATION. 



139 



Assets not admitted. 

Agents' balances over three months due, . $1,738 33 

Book value of real estate over market value, . 5,749 50 

Book value ofst'ks and bonds over market value, 10,159 89 

Deposit with Philadelphia Underwriters' Ass'n, 100 00 

Total unadmitted assets, . . . 



$17,747 72 



Total admitted assets, ...... 

Liabilities. 

Unpaid losses, $143,750; less reinsurance, $12,963.88, 

Unearned premiums on outstanding risks, 

Reclaimable on perpetual fire policies, . 

Dividends due stockholders, ...... 

Salaries and other miscellaneous expenses, due or accrued, 
Due for reinsurance, ....... 



All liabilities, except capital and surplus, 
Surplus to policy holders, 
Paid-up capital, ..... 
Surplus over capital and general liabilities, 

Total liabilities, .... 



,334 61 



$1,547,215 


66 


$130,786 

807,651 

24,424 


12 
52 
45 


227 


80 


578 


88 


212 


28 


$963,881 


05 


400,000 
183,334 


00 
61 



,547,215 66 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1905, . . $97,884,650 00 $1,213,660 88 



Fire risks written during 1906, 

Total, 
Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, 

\ 

Net amount in force, 



109,862,657 00 1,409,276 05 



$207,747,307 00 
80,268,220 00 



52,622,936 93 
1,044,658 50 



$127,479,087 00 $1,578,278 43 
8,371,427 00 117,059 78 



$119,107,660 00 $1,461,218 65 



Perpetual risks in force (not inclu'd above), $1,179,266 00 $27,138 28 



Miscellaneous. 
Premiums received from organization of company, . 
Losses paid from organization of company, 
Fire losses incurred during the year, 
Cash dividends declared from organization of company, 
Stock dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), 
Company's stock owned by directors, 

Schedule A. Securities held as Collateral 



100 shares Camden Horse R.R. Co., . 
300 " American Railways Co., 
100 " American Tobacco Co., preferred, 
30 " Burlington, N. J., Trust Co., 
49 " Camden and Suburban R.R. Co.. 
100 " United Gas Improvement Co., . 
Minneapolis & St. Louis R.R. 5s, 1911, 
100 shares Philadelphia Traction Co., 



Company's 

Market Value. 

$14,000 00 

15,000 00 

9,700 00 

7,500 00 

686 00 

9,000 00 

12,740 00 

9,700 00 



£4,316,896 00 

2,034,314 00 

831,692 00 

409,903 00 

52,865 00 

40,000 00 

76,455 00 



Loaned 

Thereon. 

$4,000 00 



50,000 00 



140 



CAMDEN FIRE INSURANCE ASSOCIATION. 



40 shares United Gas Improvement Co., . 
200 " Lehigh Valley R.R. Co., .... 
200 " Lehigh Coal and Navigation Co., 
100 " Electric Co. of America, .... 
100 "r Philadelphia Electric Co., .... 
Consolidated Traction Co., bond, .... 

United Railways Investment Co. of San Francisco, bond, 
Lehigh Valley R.R. Co., bond, 

10 shares Securitv Trust Co., 
205 " Central Trust Co., 
100 " Central Trust Co., 
200 " Central Trust Co., 



Company's 
Market Value. 
$3,600 00 ' 
15,600 00 
20,200 00 

1,100 00 
800 00 

1,060 00 
18,000 00 

1,230 00 

2,150 00 
16,400 00 

8,000 00 
16,000 00 



Loaned 
Thereon. 



$50,000 00 



1,000 00 

12,000 00 

5,000 00 

5,000 00 



$182,466 00 $127,000 00 



Schedule B. Stocks and Bonds owned by the Company. 



Railroad Stocks. 
410 shares Camden Horse, 

100 " Phila., Germantown & Norristown, 
200 " United N. J. R.R. & Canal Co., 
500 " West Jersey & Seashore, . 
Bank Stocks. 
16 shares Girard Trust Co., Phila., 
Miscellaneous Stocks. 
3 shares General Adjustment Bureau, N. Y., 
20 " Morris Canal & Banking Co., pref., 
300 " Philadelphia & Camden Ferry Co., 

County and Municipal Bonds. 
Bridgeton, N. J., 4s, 1927, 
Camden, N. J., 4s, 1907-11, 
Camden County, N. J., 4s, 1944, 
Collingswood, N. J., 4s, 1910-1959, 
Duluth, Minn., 5s, 1926, . 
Gloucester City, N. J., 4s, 1915, 
Jersey City, N. J., 4s, 1932, 
Ocean City, N. J., 4$s, 1920, 
Ocean City, N. J., 4s, 1932, 

Railroad Bonds. 
Atlantic City 4s, 1951, 
Atlantic City 5s, 1919, 

Bridgeton & Millville Traction Co., 5s, 1930 
Camden Horse 5s, 1912, 
Camden & Suburban 5s, 1910-11, 
Camden & Suburban 5s, 1946, . 
Choctaw & Memphis 5s, 1949, . 
Choctaw, Oklahoma & Gulf 5s, 1952, 
Citizens' Street, Muncie, Ind., 6s, 1927, 
Consolidated Traction, N. J., 5s, 1933, 
Erie Car Trust 4$s, 1907-08, 
Iron Mountain Car Trust 5s, 1909-11, 
Jersey City, Hoboken, Paterson 4s, 1949, 
Newark Passenger 5s, 1930, 
Norfolk & Western, Pocahontas 4s, 1941, 
Paterson 6s, 1931, .... 
Seaboard Air Line equipment 5s, 1909-13, 
South Jersey Gas, Elec. & Trac. 5s, 1953, 
St. Louis & San Francisco equip. 5s, 1908, 
West Jersey & Seashore 3$s, 1936, 
Wisconsin Central 4s, 1949, 

Miscellaneous Bonds. 
Hudson County Gas Co. 5s, 1949, 
Newark Consolidated Gas Co. 5s, 1948, 
Paterson & Passaic Gas & Elec. Co. 5s, 1949, 
Trenton Gas & Elec. Co. 5s, 1949, 



Book Value. 
$57,589 99 
16,900 00 
52,705 14 
28,239 75 

7,973 37 

150 00 

3.500 00 

38,225 00 

5,343 33 

6,164 26 

107,500 00 

25,000 00 

5,800 00 
50,166 67 

5,100 00 
38,330 96 

7,098 85 

24,983 33 

3,397 50 

10,584 44 

16,106 94 

10,000 00 

16,040 

1,972 

4,538 

3,216 

54,862 

10,075 00 

15,374 89 

24,128 33 

40,644 45 

2,902 50 

8,917 00 

25,340 97 

20,754 16 

9,712 50 

9,729 31 

2,712 50 

11,068 06 
10,830 55 
10,594 44 
10,665 28 

$814,939 89 



00 
50 
75 
67 
50 



Rate. 

560 

314 

255 

120 

790 

100 
170 
290 

981 
100 
104 

96 
lllf 
100 
100 
102+ 

96| 

96 
108i 

100 

102$ 

100 

110 

114+ 

1081 

108 

105$ 

99 
100 

71 

111* 
91£ 

118 

100 
99 

100 
93i 
88$ 

104 
106 
102 
107 



Market Value. 

$56,000 00 

15,700 00 

51,000 00 

30,000 00 

12,640 00 

150 00 

3,400 00 

43,500 00 

4,912 50 

5,500 00 

104,000 00 

24,000 00 

5,568 75 
50,000 00 

5,000 00 
38,950 00 

6,728 75 

24,000 00 

3,247 50 

10,000 00 

15,375 00 

10,000 00 

16,500 00 

2,290 00 

5,425 00 

3,240 00 

52,750 00 

9,900 00 

15,000 00 

21,300 00 

39,025 00 

2,737 50 

8,260 00 

25,000 00 

19,800 00 

10,000 00 

9,325 00 

2,655 00 

10,400 00 
10,600 00 
10,200 00 
10,700 00 

$804,780 00 



THE CAPITAL FIRE INSURANCE CO. 



141 



THE CAPITAL FIRE INSURANCE COMPANY OF CONCORD, N. H., 

CONCORD, N. H. 

Incorporated March 10, 1886. Commenced business March 19, 1886. 
Paid-up Capital, $200,000. 
LYMAN JACKMAN, President. RUFUS N. ELWELL, Secretary. 

Home Office, 2 South Main Street. 

Income. 

Net fire premiums, $399,255 14 

Interest on mortgage loans, $5,058.35; collaterals, $1,641.21; 

stocks and bonds, $13,272.29; all other, $2,279.59, . . 22,251 44 

Rents, 5,198 92 

Profit on sale or maturity of ledger assets, .... 1,949 13 



Total income, . . 

Ledger assets, Dec. 31, 1905, .... 

Total, . 

Disbursements. 
Net amount paid for fire losses, 
Interest and dividends to stockholders, . 
Commissions or brokerage, 
Salaries, fees, etc., of officers and employees, 
Rents, ...... 

Repairs and expenses on real estate, 

Real estate taxes, $1,222.63; other taxes and fees, $10,125.26, 

Adjustment and other expenses, 

Advertising, printing and stationery, 

Legal expenses, ..... 

Loss on sale or maturity of stocks and bonds, 
Reduction in book value of bonds, . 
Furniture, ...... 

Accrued interest on securities purchased, 

Total disbursements, 

Balance, ..... 

Ledger Assets. 

Heal estate, $84,960.67; mortgages, $96,937.55, 

Loans secured by collateral (schedule A), 

Stocks, bonds, etc. (schedule B), . 

Cash in banks and office, 

Agents' balances, ..... 

Loan on personal security, 

Total ledger assets, . . 

Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $1,522.06; bonds, $1,817.44; collateral loans, 

$64.07; other assets, $594, 

Rents due and accrued on company's property, 



$428,654 63 
579,627 04 

1,008,281 67 



$178,481 51 

10,000 00 

94,606 94 

24,601 98 

700 08 

1,234 71 

11,347 89 

11,096 12 

2,649 51 

142 52 

1,214 30 

3,000 00 

25 00 

1,653 23 

$340,753 79 

$667,527 88 



$181,898 22 

33,200 00 

348,093 99 

53,324 29 

50,011 38 

1,000 00 

$667,527 88 



3,997 57 
438 50 



142 



THE CAPITAL FIRE INSURANCE CO. 



Market value of real estate over book value, 
Market value of stocks and bonds over book value, 
Due from Royal Insurance Company, 



56,039 33 

1,082 01 

171 21 



Gross assets, . 

Loans on personal security, 
Total admitted assets, 



Assets not admitted. 



$679,256 50 

1,000 00 

1678,256 50 



Liabilities. 

Unpaid losses, including $2,000 resisted, $45,775.44; less rein- 
surance, $763 . 72, 
Unearned premiums on outstanding risks, .... 

Salaries and other miscellaneous expenses, due or accrued, 



All liabilities, except capital and surplus, . 
Surplus to policy holders, .... 

Paid-up capital, ...... 

Surplus over capital and general liabilities, 

Total liabilities, ..... 



$310,436 23 



>,011 72 
314,503 67 
8,304 88 

$367,820 27 

200,000 00 
110,436 23 

$678,256 50 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1905, . . $47,577,705 00 $552,238 00 

Fire risks written during 1906, . . . 40,248,636 00 519,551 72 

Total, 

Risks expired and terminated, 

In force at end of year, .... 
Amount reinsured, .... 

Net amount in force, 



$87,826,341 00 $1,071,789 72 
35,729,895 00 427,021 09 



$52,096,446 00 $644,768 63 
3,600,414 00 50,688 30 



$48,496,032 00 $594,080 33 



Miscellaneous. 

Premiums received from organization of company, . 

Losses paid from organization of company, 

Fire losses incurred during the year, 

Cash dividends declared from organization of company, 

Dividends declared during the year (5 per cent.), 

Company's stock owned by directors, 



Schedule A. Securities held as Collateral. 



$4,460,358 00 

2,002,941 00 

195,963 00 

139,614 00 

10,000 00 

96,400 00 



10 shares National Bank, Lebanon, N. H., 

10 " Iowa Loan & Trust Co., 
100 " Page Belting Co., .... 
150 " Providence Building Co., . 

50 " Boylston National Bank, Boston, Mass., 
Chicago, Rock Island & Pacific R.R. 4s, 1934, 

10 shares United States Steel Co. (preferred), 
Illinois Central R.R. (St. Louis Div.) 3£s, 1951, . 
Georgetown, Rowley & Ipswich St. Ry. 5s, 1920, 
Des Moines, Iowa Falls & Northern R.R. 5s, 1931, 



Company's 

Market Value 

$1,250 00 

1,350 00 

7,500 00 

9,000 00 

5,000 00 ) 

2,820 00 

1,040 00 

465 00 

1,030 00 

2,000 00 



Loaned 
Thereon. 

$1,700 00 

3,500 00 
8,000 00 



10,000 00 



THE CAPITAL FIRE INSURANCE CO. 



143 



Somerset R.R.^Co. 4s, 1955, .... 
Wisconsin Central R.R., (Superior & Duluth Div.) 4s, 
St. Paul & Des Moines R.R. Co. 5s, . 



Company's 

Market Value. 

$5,880 00 

4,325 00 

2,000 00 



Loaned 
Thereon. 
$5,000 00 

5,000 00 



$43,660 00 $33,200 00 



Schedule B. Stocks, Bonds, etc., 

Railroad Stocks. 
45 shares Atchison, Top. & Santa Fe, preferred, . 
30 " Chic. Junct. & Union Stock Yd., pref., 
60 " Concord & Montreal, 
50 " Illinois Central, 
10 " Manhattan Elevated, 
20 " Massachusetts Electric, preferred, 
140 " Pennsylvania, .... 
Bank Stocks. 

15 shares Mechanicks National, Concord, N. H., 
10 " National, Lebanon, N. H., 
52 " Nat. State Capital, Concord, N. H., 

Miscellaneous Stocks. 
10 shares Amer. Agricultural Chem. Co., pref., 
20 " American Locomotive Co., preferred, 
10 " American Tel. & Tel. Co., . 
50 " American Woolen Co., preferred, 

16 " Amoskeag Manufacturing Co., 
8 " Concord Axle Co., 

10 " Concord Electric Co., preferred, 

10 " Concord Electric Co., common, 

87 " Concord Real Estate Co., . 

10 " Denver Gas & Electric Co., 

20 " Federal Sugar Ref. Co., preferred, 

12 " General Electric Co., 

20 " Mackay Companies, preferred, 

10 " Mackay Companies, common, 

22 " Mergenthaler Linotype Co., 

30 " Missouri & Kansas Telephone Co., 

2 " Nashua Manufacturing Co., 
25 " Page Belting Co., 
25 " Prescott Piano Co., preferred, 
41 " Pullman Palace Car Co., . 
10 " Swift & Co., . 
50 " Temple Iron Co., 
60 " United Shoe Machinery Co., pref., 
10 " United States Steel Corp.. preferred, 
1 " Western Adjust. & Inspection Co., 
5 " Western Tel. & Tel. Co., preferred, 
20 " Western Union Telegraph Co., . 
Government Bonds. 

Japan 4*s, 1925, ..... 
Municipal Bonds. 

Concord, N. H., 3*s, 1913, 

Concord, N. H., 3*s, 1915, 

Concord, N. H., 3*s, 1917, 

Montrose, Col., 4s, 1910, . 

New York, N. Y., 3*s, 1954, 

New York, N. Y., 4s. 1936, 

New York, N. Y., 3*s, 1953. 

Union School Dist. (Concord, N. H.) dem. note 5s, 

Railroad Bonds. 
Atchison, Top. & Santa F£ gen. mort. 4s, 1995, 
Atchison, Top. & Santa Fe adjust. 4s, 1995, 
Chicago, Cincinnati & Louisville 4*s, 1953, - 
Interboro Rapid Transit Co., time note, 4s, 1908 
Massachusetts Electric Co., time note, 4*s, 1910, 
New York Central & Hudson River 4s, 1934, 
N. Y., New Haven & Hart., time note, 5s, 1908, 
Northern Pac.-Great Northern joint 4s, 1921, 
Pennsylvania, time note, 4*s, 1907, . 
Pere Marquette 4s, 1943, .... 



OWNED BY THE COMPANY. 



Book Value. 

$4,537 50 

3,537 50 

9,033 30 

7,262 50 

1,396 25 

1,455 00 

9,205 00 

2,250 00 

1,200 00 

12,212 50 

832 50 
1,970 00 
1,262 50 
4,297 
2,715 

896 
1,200 
1,068 



63 
00 
00 
00 
50 



50 
00 
00 
93 
75 
00 



8,700 00 

1,702 50 

1,836 25 

1,432 50 
710 00 

3,890 00 

3,075 00 

1,162 

1.250 

2,500 

3,069 

1,023 

5,025 

1,913 75 
997 50 
140 00 
498 13 

1,787 50 

9,162 50 

1,000 00 

9,000 00 

1,000 00 

800 00 

24,625 00 

40,800 00 

19,582 50 

6,000 00 

1,957 50 

2,842 50 
4,900 00 
4,912 50 
4,850 00 
2.970 00 
5^00 00 
7,705 00 
4,975 00 
1,900 00 



Rate. 

99 
120 
187f 
165* 
142f 

67 
138| 

150 
125 

230 

90 
109| 
133* 
101 
240 
112 
115 
100 

75 

70 

75 
160 

68* 

70* 
199 

57 
136 
120 

75 
182 
109| 
100 
112+ 
104| 
100 

80 

84 

90 

99 
99 
99 
98 
91| 

lOlf 
91* 

100 

100 
91f 
90 
97* 
97" 
97| 

100 
96| 

100 
90 



Market Value. 
$4,455 00 
3,600 00 
11,265 00 
8,275 00 
1,427 50 
1,340 00 
9,686 25 

2,250 00 

1,250 00 

11,960 00 



00 
00 
00 
00 
00 
00 
00 
00 



00 
00 
00 
00 
00 
00 
00 
00 
00 



900 
2,185 
1,335 
5,050 
3,840 

896 
1,150 
1,000 
6,525 00 

700 00 
1,500 
1,920 
1,370 

705 
4,378 
1,710 
1,360 
1,500 
1,875 
7,462 00 
1,097 50 
5,000 00 
1,687 50 
1,043 75 

100 00 

400 00 
1,680 00 

9,000 00 

990 00 

8,910 00 

990 00 

784 00 

22,843 75 

40,750 00 

19,215 00 

6,000 00 



00 
50 
00 
00 
00 



2,000 
2,752 
4,500 
4,875 
4,850 
2,928 75 
5,000 00 
7,750 00 
5,000 00 
1,800 00 



144 THE CENTRAL MANUFACTURERS* MUTUAL INSURANCE CO. 



St. Louis & San Francisco 4s, 1951, . 
Somerset 1st mortgage 4s, 1955, 
Somerset, time note, 6s, 1907, . 
Southern Indiana 4s, 1951, 
Wisconsin Central (S. & D. Div.) 4s, 1936, 

Miscellaneous Bonds, etc. 
American Tel. & Tel. Co. 4s, 1929, 
American Locomotive Co., time note, 5s, 1908, 
Central Loan & Debenture Co. 6s, 1891-99, 
City Water Co., Merrill, Wis., 6s, 1907, 
Denver Consolidated Gas & Elec. Co. 5s, 1949, 
Eastman Car Co. 5s, 1909, 
Elkhart Gas Co. 5s, 1924, 
Federal Sugar Co., time note, 5s, 1907, 
Metropolitan Steamship Co. 5s, 1930, 
Nebraska Loan & Trust Co. 6s, 1899, 
New Hampshire Trust Co. 4s, 1904, . 
New York & Penn. Tel. & Tel. Co. 4s, 1929, 
Southern N. E. Telephone Co., time note, 6s, 1907 
United States Steel Corporation 5s, 1963, . 
Western Union Telegraph Co. 4^s, 1950, 
Winfield Water Co., Winfield, Kan., 4s, 1904, 
Wood Worsted Mills, time note, 4^s, 1910, . 



Book Value. 

$1,775 00 

960 00 

5,000 00 

4,625 00 

4,325 00 



00 
25 
00 
00 
00 



1,930 
8,849 
1,825 
5,000 
7,190 

5,000 00 

2,970 00 

5,000 00 

5,100 00 

150 00 

1,150 00 

2,745 00 

5,000 00 

4,756 25 

7,315 00 

1,500 00 

4,900 00 

$348,093 99 



Rate. 

82 

97 
100 

92 

86£ 

90 

100 

8 

96 

92i 
100 

98 
100 
101 

70 

10 

90 
100 

96f 

99i 

50 

94 



Market Value. 

$1,640 00 

970 00 

5,000 00 

4,600 00 

4,325 00 

1,800700 

9,000; 00 

146^00 
4,800 00 
7,380 00 
5,000 00 
2,940 00 
5,000 00 
5,050 00 
105 00 
900 00 
2,700 00 
5,000 00 
4,837 50 
6,965 00 
1,500 00 
4,700 00 

$349,176 00 



THE CENTRAL MANUFACTURERS ' MUTUAL INSURANCE COMPANY, 

VAN WERT, OHIO. 

Incorporated April 7, 1876. Commenced business Oct. 2, 1876. 
H. V. OLNEY, President. F. W. PURMORT, Secretary. 

Office, 122 West Main Street. 
Income. 



Net premiums, 

Interest on mortgage loans, 

other, $862.56, . 
Rents, . . 

Total income, 
Ledger assets, Dec. 31, 1905, 

Total, . 



r ,435.54; bonds, $1,263.94; all 



Disbursements. 



Net amount paid for losses, .... 

Profits on terminated policies, 

Commissions or brokerage, .... 

Salaries, fees, etc., of officers and employees, 
Rents, ....... 

Real estate taxes, $409.19; other taxes and fees, 
Inspections, ...... 

Premium on bond purchased, 

Postage and telegraph, ..... 

Adjusting, . . . . 

Stationery and supplies, .... 

All other disbursements, .... 

Total disbursements, .... 

Balance, ...... 



t,922.63, 



$343,998 95 

9,562 04 
552 66 

$354,113 65 
246,673 35 

$600,787 00 



$159,893 43 

59,683 33 

27,072 93 

17,355 79 

187 50 

5,331 82 

14,040 25 

3,913 00 

1,419 11 

1,246 42 

1,492 09 

9,697 92 

$301,333 59 

$299,453 41 



THE CENTRAL MANUFACTURERS' MUTUAL INSURANCE CO. 145 



Ledger Assets. 
Real estate, $42,000; mortgages, $118,680, . 
Bonds (schedule A), 
Cash in banks and office, ....... 

Agents' balances, ......... 

Total ledger assets, ........ 

Non-Ledger Assets. 
Interest accrued : — 
On mortgages, $2,451 . 12 ; bonds, $376 .11, 
Market value of bonds over book value, ..... 

Gross assets, . ... 

Liabilities. 

Unpaid losses, including $532 resisted, ..... 
Unearned premiums on outstanding risks, .... 

All liabilities, except surplus, ...... 

Surplus, .......... 

Total liabilities, ........ 

Risks and Premiums. 

Amount. Cash Prem's. 

Risks outs'nd'g Dec. 31, 1905, $15,143,228 00 $279,371 05 
Risks written during 1906, . 23,090,052 00 397,383 43 



$160,680 00 
91,880 00 
11,729 85 
35,163 56 

$299,453 41 



$2,827 23 
5,981 71 

$308,262 35 



$16,506 69 
166,782 12 

$183,288 81 
124,973 54 

$308,262 35 



Conting't Prem's. 

$1,022,115 77 
1,396,207 90 



Total, .... $38,233,280 00 
Risks expired and terminated, 19,319,269 00 



$676,754 48 $2,418,323 67 
345,782 32 1,261,638 46 



In force at end of year, 



$18,914,011 00 $330,972 16 $1,156,685 21 



Miscellaneous. 
Losses incurred during the year, 
Profits or surplus returned during 1906, 25 per cent. 

Schedule A. Bonds owned by the Company. 

Government Bonds. Book Value. Rate. 

United States 2s, 1930, $50,000 00 104^ 

United States reg. 3s, 1918, .... 400 00 lOlf 

United States coupon 3s, 1918, . ... . 1,400 00 102^ 
Municipal Bonds. 

Barnesville, O., 5s, 1918, 1,000 00 109f 

Barnesville, O., 5s, 1919, 1,000 00 HOf 

Barnesville, O., 5s, 1920, 1,000 00 llli 

Barnesville, O., 5s, 1935, 2,000 00 116f 

Barnesville, O., 5s, 1937, 1,000 00 117f 

Barnesville, O., 5s, 1938, 1,000 00 117f 

Barnesville, O., 5s, 1939, . . . 1,000 00 118 

Barnesville, O., 5s, 1940, 1,000 00 118i 

Barnesville, O., 5s, 1941, 1,000 00 118^ 

Barnesville, O., 5s, 1942, 1,000 00 118| 

Barnesville, O., 5s, 1943, 1,000 00 119 

Barnesville, O., 5s, 1944, 500 00 119^ 

Harrison Township, O., 4s, 1920, . . . 3,000 00 100 

Harrison Township, O., 4s, 1921, . . . 2,000 00 100 

Harrison Township, O., 4s, 1911, . . . 1,000 00 100 



$169,136 00 



Market Value. 

$52,250 00 

407 00 

1,435 00 



1,097 50 
1,106 25 
1,111 25 
2,335 00 
1,173 75 
1,176 25 
1,180 00 
1,182 50 
1,185 00 
1,187 50 
1,190 00 
596 25 
3,000 00 
2,000 00 
1,000 00 



146 



CITIZENS INSURANCE CO. 



Ohio City, O v 5s, 1907, . 
Pleasant Township, O., 6s, 1906, 
Van Wert, O., 5s, 1907, 
Van Wert, O., 5s, 1908, 
Van Wert, O., 5s, 1909, 
Wellsville, O., 4£s, 1925, 
Wellsville, O., 4£s, 1926, 
Wellsville, O., 4£s, 1927, 
Wellsville, O., 4£s, 1928, 
Wellsville, O., 4£s, 1929, 
Wellsville, O., 4£s, 1929, 
Wellsville, O., 4£s, 1930, 
Wellsville, O., 4£s, 1931, 



Book Value. 


Rate. 


Market Value. 


$600 


00 


100 


$600 00 


2,100 


00 


100 


2,100 00 


1,080 


00 


100 


1,080 00 


650 


00 


100i 


653 25 


650 


00 


101f 


658 94 


2,500 


00 


109 


2,725 00 


1,500 


00 


109| 


1,640 63 


2,500 


00 


109f 


2,743 75 


2,500 


00 


110 


2,750 00 


1,000 


00 


not 


1,103 75 


1,500 


00 


110| 


1,655 63 


2,500 


00 


not 


2,765 63 


2,500 


00 


110| 


2,771 88 


$91,880 


00 


$97,861 71 



CITIZENS' INSURANCE COMPANY OF MISSOURI, ST. LOUIS, MO. 

Incorporated February, 1837. Commenced business February, 1837. 

Paid-up Capital, $200,000. 

SOL. E. WAGGONER, President. JOHN H. CARR, Secretary. 

Home Office, Century Building. 

Income. 

Net fire premiums, $467,459.43; marine, $73.76, 

Interest on mortgage loans, $11,937.99; bonds, $13,780; all 

other, $2,516.44, .... 

From stockholders for credit of surplus, . 



Total income, .... 

Ledger assets, Dec. 31, 1905, . 

Total, 

Disbursements 
Net amount paid for fire losses, 
Commissions or brokerage, . 
Salaries, fees, etc., of officers and employees, 
Rents, ...... 

Real estates taxes, $1 .90; other taxes and fees 
Loss expense, ..... 

Advertising, printing and stationery, 
Legal expenses, ..... 

Postage, express, telegrams and telephone, 
Traveling expenses, 
All other disbursements, 

Total disbursements, 

Balance, 

Ledger Assets 

Real estate, $400; mortgages, $217,900, . 
Bonds (schedule A), . . . 

Cash in banks and office, 
Agents' balances, ... 



$17,267.39, 



$467,533 19 

28,234 43 
35,000 00 



$530,767 62 
803,767 06 

1,334,534 68 

$458,794 94 
81,955 98 
39,177 36 

2,249 57 
17,269 29 

4,043 90 

2,694 60 
248 90 

4,294 05 
12,094 49 
15,615 82 

$638,438 90 

$696,095 78 



$218,300 00 

302,521 25 

76,767 98 

98,506 55 



Total ledger assets, 



$696,095 78 



CITIZENS INSURANCE CO. 



147 



Non-Ledger Assets. 
Interest accrued : — 
On mortgages, $2,787; bonds, $3,485, 

Gross assets, ......... 

Assets not admitted. 
Book value of bonds over market value, ..... 

Total admitted assets, ....... 

Liabilities. 

Unpaid losses, including $13,319.27 resisted, $179,985.82; less 
reinsurance, $137,037.35, ....... 

Unearned premiums on outstanding risks, $355,509 . 54 ; plus same 
on disallowed reinsurance, $1,181 .39, . . . . . 



i,272 00 



All liabilities, except capital and surplus, 
Surplus to policy holders, 
Paid-up capital, ..... 
Surplus over capital and general liabilities, 



$300,107 13 



Total liabilities, 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1905, 
Fire risks written during 1906, 

Total, . 
Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, 

Net amount in force, 

Marine risks written during 1906, 
Risks expired and terminated, 



$190,451,789 00 
157,248,343 00 



$702,367 78 

2,621 25 
$699,746 53 

$42,948 47 

356,690 93 

$399,639 40 

200,000 00 
100,107 13 

$699,746 53 

Premiums. 

$2,570,171 41 
2,208,357 55 



$347,700,132 00 $4,778,528 96 
154,664,753 00 2,157,211 57 



$193,035,379 00 $2,621,317 39 
142,094,216 00 1,939,936 39 



$50,941,163 00 $681,381 00 



$52,168 00 
$52,168 00 



Miscellaneous. 
Losses paid from organization of company, 
Fire losses incurred during the year, 
Cash dividends declared from organization of company, 
Stock dividends declared from organization of company, 
Company's stock owned by directors, 



Schedule A. Bonds owned 

Railroad Bonds. 
Atlantic Coast Line 4s, 1952, 
Brooklyn Union Elevated 4s and 5s, 1950, 
Chesapeake & Ohio 5s, 1939, 
Elgin, Joliet & Eastern 5s ; 1941, 
International & Great Northern 6s, 1919, 
Iowa Central 5s, 1938, 
Mo. Pacific 6s, 1920, 
Southern Pacific 4s, 1955, 



by the Company. 

Rate. 

96 
104i 
116 
115 
115 
112 
119^ 

94f 



Book Value. 
$24,000 00 
50,500 00 
47,500 00 
28,500 00 
57,765 00 
28,656 25 
17,475 00 
48,125 00 

$302,521 25 



$245 87 
$245 87 



>,525,758 00 
469,600 00 
985,798 00 
165,000 00 
199,800 00 



Market Value. 
$24,000 00 
52,250 00 
46,400 00 
28,750 00 
55,200 00 
28,000 00 
17,925 00 
47,375 00 

$299,900 00 



148 



CITY OF NEW YORK INSURANCE CO. 



CITY OF NEW YORK INSURANCE COMPANY, NEW YORK, N. Y. 

Incorporated April, 1905. Commenced business April 12, 1905. 

Paid-up Capital, $200,000. 

MAJOR A. WHITE, President. J. CARROLL FRENCH, Secretary. 

Home Office, 1+2 Cedar Street. 

Income. 
Net fire premiums, 



Interest on stocks and bonds, $19,541.67; all other, $722.81, 
Profit on sale or maturity of stocks and bonds, 

Total, 

Ledger assets, Dec. 31, 1905, ...... 



Total, 

Disbursements. 
Net amount paid for fire losses, 
Commissions or brokerage, .... 

Salaries, fees, etc., of officers and employees, 
Rents, ....... 

Taxes and fees, ...... 

Legal expenses, ...... 

Advertising, printing, stationery and subscriptions, 
Agency expenses, ...... 

Furniture and fixtures, . ■. . . 

Maps and surveys, ..... 

Postage, express, etc., ..... 

Traveling expenses, ..... 

Local board, ...... 

All other disbursements, .... 

Total disbursements, .... 

Balance, ...... 



Ledger Assets. 



Stocks and bonds (schedule A), 
Cash in banks and office, 
Agents' balances, . 



Total ledger assets, 



Non-Ledger Assets. 



Interest accrued on bonds, .... 

Gross assets, ...... 

Assets not admitted. 
Book value of stocks and bonds over market value, 

Total admitted assets, . . . . 



$317,835 47 
20,264 48 
8,678 35 

$346,778 30 
606,297 75 

$953,076 05 



905 62 

69,271 35 

29,173 71 

1,756 30 

4,985 48 

268 70 

3,973 05 

23 75 

869 44 

6,317 92 

1,758 53 

556 05 

4,938 43 

8,945 12 

$219,743 45 

$733,332 60 



$643,725 13 
29,418 88 
60,188 59 

$733,332 60 

3,000 00 
$736,332 60 

40,237 63 

$696,094 97 



CITY OF NEW YORK INSURANCE CO. 



149 



Liabilities. 

Unpaid losses, $24,889; less reinsurance, $5,056, 
Unearned premiums on outstanding risks, 
Due for reinsurance, ..... 

All liabilities, except capital and surplus, . 
Surplus to policy holders, 
Paid-up capital, ...... 

Surplus over capital and general liabilities, 



$451,698 04 



$19,833 00 

206,841 68 

17,722 25 

$244,396 93 

200,000 00 
251,698 04 



Total liabilities, 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1905, 
Fire risks written during 1906, 

Total, . . . 

Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, 

Net amount in force, 



$20,502,618 
56,317,896 



$49,007,233 
13,479,351 



,094 97 



Premiums. 

00 $190,745 41 
00 499,960 19 



$76,820,514 
27,813,281 



00 $690,705 60 
00 250,252 19 



00 $440,453 41 
00 100,541 26 



$35,527,882 00 $339,912 15 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, 
Fire losses incurred during the year, 
Company's stock owned by directors, 



$479,502 00 

102,456 00 

96,935 00 

48,800 00 



Schedule A. Stocks and Bonds owned by the Company. 



Railroad Stocks. 
400 shares Baltimore & Ohio, 



100 
200 
100 
100 
200 
100 
400 
100 
400 
100 



Delaware & Hudson, 

Erie, 1st preferred, . 

Great Northern, preferred, 

Gt. Northern Iron Ore temp, cert 

Louisville & Nashville, 

Manhattan, 

New York Central & Hudson R 

Northern Pacific, 

Southern Pacific, 

Union Pacific, . 



Miscellaneous Stocks. 
200 shares Brooklyn Union Gas Company, 
250 " Consolidated Gas Company, 
300 " Mackay Companies, preferred, 

State and Municipal Bonds. 
New York 3s, 1912, . ' . 

New York, N. Y., 3^s, 1955,. . 



Book Value. 

$45,002 88 
18,412 50 
16,312 50 
28,975 00 

29,075 00 
16,662 50 
52,003 50 
20,537 50 
36.600 00 
14,387 50 

39,225 00 
46,331 25 
22,575 00 

206,500 00 
51,125 00 

$643,725 13 



Rate. 
119^ 
222 

75 
181 

79 
143i 
142| 
131 
185J 

92f 
180| 

114 

138 



100 
91f 



Market Value. 
$47,800 00 
22,200 00 
15,000 00 
18,100 00 
7,900 00 
28,625 00 
14,275 00 
52,400 00 
18,525 00 
37,100 00 
18,025 00 

22,800 00 
34,500 00 
20,550 00 

200,000 00 
45,687 50 

$603,487 50 



150 THE COLONIAL ASSURANCE CO. 



THE COLONIAL ASSURANCE COMPANY OF THE CITY OF NEW 

YORK, NEW YORK, N. Y. 

Incorporated June 15, 1896. Commenced business July 15, 1896. 

Paid-up Capital, $200,000. 

LEO H. WISE, President. E. E. HALL, Secretary. 

Home Office, Jj.5 Cedar Street. 

Income. 

Net fire premiums, $655,060 40 

Interest on bonds, 23,382 48 



Total income, $678,442 88 

Ledger assets, Dec. 31, 1905, . . . .... 682,166 68 



Total, . $1,360,609 56 

Disbursements. 

Net amount paid for fire losses, ...... $311,392 04 

Interest and dividends to stockholders, . . . . . ' 12,000 00 

Commissions or brokerage, ....... 222,703 79 

Salaries, fees, etc., of officers and employees, .... 3,355 00 

Taxes and fees, . . . 21,777 50 

Reduction in book value of securities, ..... 17,375 00 



Total disbursements, $588,603 33 



Balance, $772,006 23 

Ledger Assets. 

Bonds (schedule A), $619,625 00 

Cash in bank and offices, ....... 15,459 98 

Agents' balances, ......... 136,921 25 



Total ledger assets, $772,006 23 

Non-Ledger Assets. 
Interest accrued on bonds, ....... 2,812 50 



Gross assets, $774,818 73 

Assets not admitted. 

Agents' balances over three months due, . . . $1,412 78 

Book value of bonds over market value, . . . 7,031 25 

Total unadmitted assets, . . . 8,444 03 



Total admitted assets, $766,374 70 

Liabilities. 

Unpaid losses, $68,799; less reinsurance, $3,235.02, . . . $65,563 98 
Unearned premiums on outstanding risks, $400,511.98; plus 

same on disallowed reinsurance, $6,552.51, .... 407,064 49 

Due for return premiums, $29,738.08; reinsurance, $17,435.95, . 47,174 03 

All liabilities, except capital and surplus, .... $519,802 50 



COLUMBIA INSURANCE CO. 



151 



Surplus to policy holders, 

Paid-up capital, ..... 

Surplus over capital and general liabilities, 



$246,572 20 



Total liabilities, 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1905, 
Fire risks written during 1906, 

Total, . 
Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, 

Net amount in force, 



,712,445 00 
63,890,379 00 



$200,000 00 
46,572 20 

$766,374 70 



Premiums. 

$595,748 51 
879,167 36 



$106,602,824 00 $1,474,915 87 
49,244,418 00 687,705 47 



$57,358,406 00 
3,818,099 00 



$787,210 40 
56,526 98 



$53,540,307 00 $730,683 42 



Miscellaneous. 
Premiums received from organization of company, . 
Losses paid from organization of company, 
Fire losses incurred during the year, 
Cash dividends declared from organization of company, 
Dividends declared during the year (6 per cent.), 
Company's stock owned by directors, 



Schedule A. Bonds owned 

Government Bonds. 
United States (Philippine Is.) 4s, 1934, 
United States (Philippine Is.) 4s, 1935, 

Municipal Bonds. 
Brooklyn, N. Y., 3^s, 1937, 
New York, N. Y., 3£s, 1915, 
New York, N. Y., 2^s, 1929, 
New York, N. Y., 3|s, 1954, 
New York, N. Y., 4s, 1956, 



$4,104,701 00 

2,698,283 00 

336,175 00 

66,000 00 

12,000 00 

96,450 00 



by the Company 

Book Value. Rate. 

$138,750 00 109 

109,000 00 109 



23,375 00 
98,000 00 
80,000 00 
94,000 00 
76,500 00 



93 

96f 

79Jr 

91f 

1021 



$619,625 00 



Market Value. 

$136,250 00 

109,000 00 

23,250 00 
96,625 00 
79,500 00 
91,375 00 
76,593 75 

$612,593 75 



COLUMBIA INSURANCE COMPANY, JERSEY CITY, N. J. 

Incorporated March 21, 1901. Commenced business March 21, 1901. 

Paid-up Capital, $400,000. 

GEO. F. CRANE, President. A. HADLEY, Secretary. 

Home Office, 15 Exchange Place. 

Income. 

Net marine premiums, ........ $209,941 60 

Interest on stocks and bonds, $18,590; all other, $859.94, . 19,449 94 

Assessment on capital stock, ....... 50,000 00 



Total income, ..... 

Ledger assets, Dec. 31, 1905, .... 

Total, 

Disbursements. 
Net amount paid for marine losses, 
Commissions or brokerage, , 



$279,391 54 
558,214 48 

$837,606 02 



,817 73 
111,636 75 



152 



COLUMBIA INSURANCE CO. 



Salaries, fees, etc., of officers and employees, 
Rents, ...... 

Taxes and fees, ..... 

Advertising and stationery, 

Furniture, 

Postage, express and telegrams, 

Traveling expenses, .... 

Underwriters' boards, .... 

All other disbursements, 

Total disbursements, 

Balance, ..... 



Bonds (schedule A), 
Cash in banks, 
Agents' balances, . 

Total ledger assets, 



Ledger Assets. 



Non-Ledger Assets. 



Interest accrued on bonds, 

Gross assets, . . . . 

Assets not admitted. 

Agents' balances over three months due, 
Book value of bonds over market value, . 
Total unadmitted assets, 

Total admitted assets, .... 

Liabilities. 

Unpaid losses, including $1,594.89 resisted, $45,609.08; less 

reinsurance, $10,668.18, 
Unearned premiums on outstanding risks, 

All liabilities, except capital and surplus, 
Surplus to policy holders, 
Paid-up capital, ..... 
Surplus over capital and general liabilities, 



Total liabilities, 



Marine risks outstanding Dec. 31, 1905, 
Marine risks written during 1906, . 



. 


$9,050 50 

741 15 

3,011 99 

1,142 26 

246 68 

150 01 
278 10 

151 19 
4,700 79 


. 


$213,927 15 


. 


$623,678 87 

$554,095 75 
53,531 12 
16,052 00 




$623,678 87 
5,058 31 


$90 78 
42,211 37 


$628,737 18 
42,302 15 




09.08; less 


$586,435 03 

$34,940 90 
102,667 45 


$448,826 68 


$137,608 35 

400,000 00 

48,826 68 


. 


$586,435 03 



Risks and Premiums. 

Premiums. 

$21,145,545 00 $212,867 06 
55,628,550 00 608,851 28 



Total, . 
Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, 

Net amount in force, 



$76,774,095 00 $821,718 34 
56,463,755 00 347,686 11 



$20,310,340 00 $474,032 23 
15,954,194 00 268,697 34 



[,356,146 00 $205,334 89 



COMMERCE INSURANCE CO. 



153 



Miscellaneous. 

Premiums received from organization of company, . 
Losses paid from organization of company, 
Inland marine losses incurred during the year, . 
Company's stock owned by directors, 

Schedule A. Bonds owned by the Company 

Municipal Bonds. Book Value. 

Binghamton, N. Y., 3£s, 1937, . . . . $53,812 50 

Buffalo, N. Y., 3£s, 1917-22, .... 62,925 00 

Jersey City, N. J., 5s, 1916, .... 116,375 00 

New York, N. Y., 3£s, 1940, . . . . 6,442 50 

New York, N. Y., 3fs, 1940, .... 2,14750 

New York, N. Y., 3£s, 1942, . . . . 112,598 75 

New York, N. Y., 3£s, 1920, . . . . 53,250 00 

New York, N. Y., 3*s, 1920, .... 13,171 88 

Railroad Bonds. 

Central of New Jersey 5s, 1987, . . . 1,250 00 

Chicago & Northwestern 3£s, 1987, . . . 13,790 00 

Lehigh Valley 4£s, 1940, 10,750 00 

National of Mexico 4^s, 1926, . . . . 12,000 00 

New York Central 3$s, 1997, .... 9,600 00 

Northern Pacific 4s, 1997, .... 25.500 00 

No. Pac. & Gt. North. (C, B. & Q. coll.) 4s, 1921, . 18,100 00 

Oregon Short Line 4s, 1929, .... 23,907 62 

St. Louis, Iron Mountain & Southern 4s, 1933, . 18,475 00 

$554,095 75 



Rate. 

96f 

98 
107 

92f 

92$ 

92| 

96 

96 

126 
96i 

1084 

103 
93£ 

102 
961 
93i 
92 



,201,552 00 

595,984 00 

94,538 00 

700 00 



Market Value. 

$48,187 50 

58,800 00 

107,000 00 

5,557 50 

1,852 50 

96,531 88 

48,000 00 

12,000 00 

1,260 00 
13,510 00 
10,850 00 
12,360 00 

9,325 00 
25,500 00 
19,375 00 
23,375 00 
18,400 00 

$511,884 38 



COMMERCE INSURANCE COMPANY, ALBANY, N. Y. 

Incorporated June 1, 1859. Commenced business June 1, 1859. 

Paid-up Capital, $200,000. 

GARRET A. VAN ALLEN, President. ADDISON J. HINMAN, Secretary. 

Home Office, 57 State Street. 

Income. 

Net fire premiums, • . $252,470 71 

Interest on mortgage loans, $1,873 . 60 ; collaterals, $41 . 43 ; stocks 

and bonds, $12,558.95; all other, $806.73, .... 15,28071 

Rents, including company's own occupancy, .... 9,473 71 

Profit on sale or maturity of ledger assets, .... 11,700 26 



Total income, .... 

Ledger assets, Dec. 31, 1905, . 

Total, 

Disbursements 
Net amount paid for fire losses, 
Interest and dividends to stockholders, . 
Commissions or brokerage, 
Salaries, fees, etc., of officers and employees, 
Rents, including company's own occupancy, 
Repairs and expenses on real estate, - . 
Real estate taxes, $2,006; other taxes and fees, 
Premiums on stocks and bonds purchased, 
Agents' balances charged off, . 
Advertising, printing and stationery, 



$10,400.45 



$288,925 39 
491,804 34 

$780,729 73 



$90,740 88 

16,000 00 

60,855 70 

15,366 78 

1,600 00 

3,421 37 

12,406 45 

18,476 16 

72 60 

3,555 43 



154 



COMMERCE INSURANCE CO. 



Maps, ........ 

Postage and express, ..... 

Traveling expenses, 

Total disbursements, .... 

Balance, ...... 

Ledger Assets. 

Real estate, $75,000; mortgages, $23,100, 
Stocks and bonds (schedule A), 
Cash in banks and office, .... 

Agents' balances, ...... 

Total ledger assets, . . . - . 

Non-Ledger Assets. 
Interest accrued : — 
On bonds, $2,580 . 21 ; other assets, $783 .73, 
Rents accrued on company's property, 
Market value of stocks and bonds over book value, 

Gross assets, ...... 

Liabilities. 

Unpaid losses, including $1,300 resisted, . 
Unearned premiums on outstanding risks, 
Due for reinsurance, ..... 

All liabilities, except capital and surplus, . 
Surplus to policy holders, .... 
Paid-up capital, . . . 

Surplus over capital and general liabilities, 



$372,955 02 



Total liabilities, 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1905, 
Fire risks written during 1906, 

Total, . . . . . 

Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, 

Net amount in force, 



,592,107 00 
26,787,125 00 

$55,379,232 00 
21,533,552 00 

$33,845,680 00 
1,734,059 00 



^1,527 54 
1,744 35 
2,090 16 



$227,857 42 
$552,872 31 



;,ioo 00 

378,600 00 
45,319 87 
30,852 44 

$552,872 31 



3,363 94 

786 66 

15,637 97 

$572,660 88 



$16,270 00 

182,993 88 

441 98 

$199,705 86 

200,000 00 
172,955 02 

$572,660 88 



Premiums. 

$307,303 86 
302,825 84 

$610,129 70 
251,581 76 

$358,547 94 
17,484 49 



$32,111,621 00 $341,063 45 



Miscellaneous. 

Premiums received from organization of company, . 

Losses paid from organization of company, 

Fire losses incurred during the year, 

Cash dividends declared from organization of company, 

Dividends declared during the year (8 per cent.), 

Company's stock owned by directors, 



^7,026,327 00 

4,279,658 00 

94,200 00 

1,016,000 00 

16,000 00 

80,900 00 



THE COMMERCIAL UNION FIRE INSURANCE CO. 



155 



Schedule A. Stocks and Bonds 

Railroad Stocks. 
100 shares Rome, Watertown & Ogdensburg, 

Bank Stocks. 
100 shares First National, Albany, N. Y., . 
50 " National Bank, Cohoes, N. Y., . 
50 " Nat'l Commercial, Albany, N. Y., 
Miscellaneous Stocks. 
3 shares General Adjustment Bureau, 
5 " Underwriters Salvage Co., N. Y., 
5 " Underwriters Salvage Co., Chicago, 
1 " Western Adjust. & Inspection Co., 
500 " Western Union Telegraph Co., . 

Counh/ and Municipal Bonds. 
Albany, N. Y., 3fo 1907-08, 
Albany, N. Y., 3|s, 1907-24, 
Albany, N. Y.. 3|s, 1913, . 
Albany, N. Y., 3*s, 1913-14, 
Albany, N. Y., 3*s, 1907-10, 
Albany, N. Y., 4s, 1909, . 
Albany, N. Y., 4s, 1907-08, 
Albany Co., N. Y., 3£s, 1911-22, 
Brooklyn, N. Y., 3*s, 1936, 
New York, N. Y., 3-|s, 1915, 
New York, N. Y.. 3£s, 1928, 
New York, N. Y., 3£s, 1930, 
New York, N. Y., 3$s, 1953, 
New York, N. Y., 3£s, 1954, 
New York, N. Y., 3|s, 1918, 
New York, N. Y., 3£s, 1915, 
New York, N. Y., 4s, 1955, 

Railroad Bonds. 
Central Pacific 4s, 1954, . 
United Traction, Albany, N. Y., 4£s, 1919, 



OWNED BY THE COMPANY. 

Book Value. Rate. Market Value. 
$10,000 00 127* $12,750 00 



10,000 00 
5,000 00 
5,000 00 

150 00 
500 00 
500 00 
100 00 
45,000 00 

13,000 00 
9,000 00 
19,725 00 
11,500 00 
12,300 00 
31,975 00 
16,800 00 
10,000 00 
10,000 00 
4,250 00 
50,000 00 
10,000 00 
30,000 00 
20,000 00 
10,000 00 
10,000 00 
10,000f00 

9,800 00 
14,000 00 

$378,600 00 



160 
194 
400 

100 
100 
100 
100 

84 

99£ 
98^ 
98f 
98f 
99 

100 

100 

100 
93| 
96f 
94| 
94 

91* 
91f 
96* 
96f 
102| 

95i 
102 



16,000 00 

9,700 00 

20,000 00 

150 00 

500 00 

500 00 

100 00 

42,000 00 

12,935 00 

8,831 25 

19,453 78 

11,341 88 

12,177 00 

31,975 00 

16,800 00 

10,000 00 

9,312 50 

4,106 56 

47,125 00 

9,400 00 

27,450 00 

18,275 00 

9,650 00 

9,662 50 

10,212 50 

9,550 00 
14,280 00 

$394,237 97 



THE COMMERCIAL UNION FIRE INSURANCE COMPANY OF NEW 

YORK, NEW YORK, N. Y. 

Incorporated Oct. 30, 1890. Commenced business April 1, 1891. 

Paid-up Capital, $200,000. 

A. H. WRAY, President. C. J. HOLMAN, Vice-President and Secretary. 

Home Office, 58 William Street. 
Income. 



,082.40; all other, $23.37, 



Net fire premiums, 

Interest on stocks and bonds, 

Profit on sale of stock, . 

Total income, 
Ledger assets, Dec. 31, 1905, 



Total, 

Disbursements. 
Net amount paid for fire losses, 
Interest and dividends to stockholders, . 
Commissions or brokerage, . . . 

Salaries, fees, etc., of officers and employees, 
Taxes and fees, ..... 



,055 23 
18,105 77 
1,686 50 

$307,847 50 
553,912 24 



,759 74 



$186,838 33 

14,000 00 

65,195 40 

3,867 33 

6,257 56 



156 



THE COMMERCIAL UNION FIRE INSURANCE CO. 



National and local boards, 

Advertising, printing, stationery and exchange, 

Postage, express and telegrams, 

Reduction in book value of securities, 

All other disbursements, . 

Total disbursements, . 

Balance, ...... 



Stocks and bonds (schedule A), 
Cash in banks and office, 
Agents' balances, . 
Due from other companies, 



Ledger Assets. 



Non-Ledger Assets. 



Total ledger assets, 

Interest accrued on bonds, 
Gross assets, . 



Assets not admitted. 

Agents' balances over three months due, 
Book value of stocks and bonds over market value, 
Total unadmitted assets, 

Total admitted assets, .... 



53,144 66 
1,434 03 



Liabilities. 

Unpaid losses, including $1,450 resisted, $70,030; less reinsur- 
ance, $6,786, ......... 

Unearned premiums on outstanding risks, .... 

Commissions and other charges due agents and brokers, 
Due for return premiums, $330.61; reinsurance, $9,021.72, 
Reserve for contingencies, ....... 



All liabilities, except capital and surplus, 
Surplus to policy holders, 
Paid-up capital, ..... 
Surplus over capital and general liabilities, 

Total liabilities, .... 



$274,302 04 



$3,458 18 

920 81 

913 40 

2,476 25 

1,149 57 

$285,076 83 

$576,682 91 



$485,739 28 

15,544 79 

75,291 10 

107 74 

$576,682 91 

2,487 50 
$579,170 41 



4,578 69 
$574,591 72 



5,244 00 

210,434 12 

7,259 23 

9,352 33 

10,000 00 

$300,289 68 

200,000 00 
74,302 04 

$574,591 72 



Risks and Premiums. 

Premiums . 

Fire risks outstanding Dec. 31, 1905, . . $36,424,714 00 , $424,835 24 

Fire risks written during 1906, . . . 39,549,771 00 465,439 22 

Total, . . 

Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, 

Net amount in force, 



$75,974,485 00 $890,274 46 
32,959,535 00 380,154 27 



$43,014,950 00 $510,120 19 
9,851,829 00 115,998 91 



,163,121 00 $394,121 28 



THE COMMONWEALTH INSURANCE CO. 



157 



Miscellaneous. 

Premiums received from organization of company, . 

Losses paid from organization of company, 

Fire losses incurred during the year, 

Cash dividends declared from organization of company, 

Dividends declared during the year (7 per cent.), 

Company's stock owned by directors, 



$1,833,300 00 

989,435 00 

223,732 00 

113,000 00 

14,000 00 

6,500 00 



Schedule A. Stocks and Bonds owned by the Company. 



Railroad Stocks. 
25 shares C, M. & St. P., common (10% pd.), 
50 " C, M. & St. P., preferred (10% pd.), 

100 " C, Mil. & St. Paul, preferred, . 

100 rights Chicago, Milwaukee & St. Paul, . 

100 rights Manhattan Elevated, 

127 " Second Avenue, N. Y., 

100 " Southern, preferred, 

300 " Union Pacific, preferred, . 

Government Bonds. 
Japan 6s, 1911, ..... 

United States 4s, 1925, .... 

Municipal Bonds. 
New York, N. Y., 3s, 1909, 
New York, N. Y., 3^s, 1915, 
New York, N. Y., 4fs, 1908, 

Railroad Bonds. 
Atch.-, Top. & Santa Fe general mortg. 4s, 1995, 
Missouri Pacific 5s, 1920, . 
St. Lo. Southwestern 1st mortgage 4s, 1989, . 
St. Louis & San Francisco 4^s, 1908, . 

Southern 5s, 1994, 

Miscellaneous Bonds. 
Michigan Lake Superior Power Co. 5s, 1949, 
Western Union Telegraph Co. 4^s, 1950, 



Book Value. 

$250 00 

500 00 

14,426 00 

12,862 50 

26,340 00 

9,312 50 

28,987 50 

9,537 50 
22,915 25 

200.960 00 
13,571 00 
20,162 00 

10,081 25 
20,801 00 
38,497 78 
14,746 25 
8,520 00 

7,250 00 
26,018 75 

$485,739 28 



Rate. 

100 

100 

162f 

331 

142f 

197 

94 

94 

95^ 
129f 

98 
96f 
100 

100 

1041 

95* 

99*. 

113f 

50 
99^ 



Market Value. 

$250 00 

500 00 

16,275 00 

3,350 00 

14,275 00 

25,019 00 

9,400 00 

28,200 00 

9,550 00 
25,925 00 

196,000 00 
12,561 25 
20,000 00 

10,000 00 
20,900 00 
38,200 00 
14,925 00 
9,100 00 

5,000 00 
24,875 00 

$484,305 25 



THE COMMONWEALTH INSURANCE COMPANY OF NEW YORK, 

NEW YORK, N. Y. 

Incorporated Aug. 23, 1886. Commenced business Sept. 15, 1886. 

Paid-up Capital, $500,000. 

CHARLES S. BARTOW, President. JOHN M. DAGGETT, Secretary. 

Home Office, 67 William Street. 

Income. 
Net fire premiums, . . . . . . . . 

Interest on mortgage loans, $10,982.43; stocks and bonds, 

$50,434.43, 

Profit on sale of ledger assets, ...... 

Increase in book value of securities, ..... 



$400,792 41 

61,416 86 
42,387 00 
50,640 32 



Total income, ..... 

Ledger assets, Dec. 31, 1905, . . 

Total, 

Disbursements. 
Net amount paid for fire losses, 
Interest and dividends to stockholders, . 



$555,236 59 
1,438,611 64 

51,993,848 23 



$167,975 48 
50,000 00 



158 



THE COMMONWEALTH INSURANCE CO. 



Commissions or brokerage, 

Salaries, fees, etc., of officers and employees, 

Rents, ...... 

Taxes and fees, ..... 

Loss on sale or maturity of ledger assets, 
Reduction in book value of securities, 
Cash paid for redemption of scrip, . 
Interest paid to scrip holders, . 
All other disbursements, 

Total disbursements, . . . . 

Balance, . . . . . . 

Ledger Assets. 
Mortgages, . . . . ... 

Stocks and bonds (schedule A), 

Cash in banks and office, ...... 

Agents' balances, ........ 

Total ledger assets, 

Non-Ledger Assets. 

Interest accrued on mortgages, . . . 

Market value of stocks and bonds over book value, . 

Gross assets, ........ 

Liabilities. 
Unpaid losses, including $411.21 resisted, $53,994.91; less rein- 
surance, $1,002.08, . . 

Unearned premiums on outstanding risks, . 

Salaries and other miscellaneous expenses, due or accrued, 

Investment reserve carried by the company, . 

Contingency reserve carried by the company, . 

Special reserve carried by the company, . . . . . 



All liabilities, except capital and surplus, 
Surplus to policy holders, 
Paid-up capital, ..... 
Surplus over capital and general liabilities, 



,066,797 25 



Total liabilities, 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1905, 
Fire risks written during 1906, 

Total, . . . 

Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, 

Net amount in force, 



$47,460,846 00 
49,561,916 00 

$97,022,762 00 
45,488,634 00 

$51,534,128 00 
622,511 00 



,569 67 

36,272 56 

4,317 00 

13,937 69 

10 00 

42,377 00 

337 00 

127 60 

13,820 15 

$394,744 15 

$1,599,104 08 

$397,500 00 

1,116,806 25 

46,466 22 

38,331 61 

$1,599,104 08 



5,854 65 
2,510 75 

$1,607,469 48 



$52,992 83 

276,995 09 

3,500 00 

50,640 32 

99,958 64 

56,585 35 

$540,672 23 

500,000 00 
566,797 25 

1,607,469 48 



Premiums. 

,279 57 
482,039 42 



,318 99 
436,257 38 

$529,061 61 
3,667 15 



,911,617 00 $525,394 46 



THE CONCORDIA FIRE INSURANCE CO. 



159 



Miscellaneous. 
Premiums received from organization of company, . 
Losses paid from organization of company, 
Fire losses incurred during the year, 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), 
Company's stock owned by directors, 



54,739,853 00 

2,456,483 00 

197,478 00 

521,000 00 

50,000 00 

283,500 00 



Schedule A. Stocks and Bonds owned by the Company. 



Railroad Stocks. 
1,000 shares Brooklyn City, 
100 " Chicago, Mil. & St. P., preferred, 
300 " Chicago & Northwestern, common, 
200 " Chicago & Northwestern, preferred, 
100 " Chicago, St. P., Minn. & Om., pref., 
500 " Hocking Valley, preferred, 

50 " Kan. City, St. Lo. & Chic, preferred 
300 " Manhattan, . . . . 

200 " New York Central & Hudson R., 
220 " New York, New Haven & Hart., 
100 " Rome, Watertown & Ogdensburg, 
Bank Stocks. 
13 shares Bank of America. N. Y., 
17 " Bank of The Manhattan Co., N. Y., 
105 " Corn Exchange, N. Y., . 
50 " German American, N. Y., 
50 " Merchants National, N. Y., 
32 " National Bank of Commerce, N. Y., 
25 " National Park, N. Y., . 
50 " N. Y. Produce Exchange, N. Y., 
25 " N. Y. Security & Trust Co., N. Y.. 
Miscellaneous Stocks. 
175 shares American Surety Co., 
120 " Am. Sugar Refining Co., preferred, 
200 " American Telegraph & Cable Co., 
500 " American Telephone & Tel. Co., 
500 " Consolidated Gas Co., N. Y., . 
100 " The Pullman Co., . 

Government Bonds. 
United States coupon 3s, 1918, . 

Municipal Bonds. 
New York, N. Y., 5s, 1907, . 

New York, N. Y., 3£s, 1954, . 
New York, N. Y., 3£s, 1920, . 
New York, N. Y., 3hs, 1916, . 
Railroad Bonds. 
Missouri, Kansas & Texas 1st mortgage 4s ; 1990, . 

Miscellaneous Bonds. 
Brooklyn Union Gas Co. 6s, 1909, 



Book Value. 
$22,000 00 
16,300 00 
58,950 00 
44,000 00 
17,500 00 
45,750 00 
7,250 00 
42,600 00 
26,150 00 
41,250 00 
12,650 00 

6,825 00 
2,550 00 

32,287 50 
5,625 00 
4,000 00 
5,760 00 

11,125 00 
8,500 00 

18,500 00 

16,625 00 
15,480 00 
17,000 00 
67,500 00 
68,875 00 
18,000 00 

2,063 75 

250,000 00 

158,950 00 

38,400 00 

29,100 00 

2,940 00 

2,300 00 
$1,116,806 25 



Rate. 
225 
162f 
198* 
230 
181 
93£ 
150 
142f 
131 
190i 
127^ 

525 
300 
308 
150 
160 
181 
445 
170 
725 

190 
130 
90 
133| 
138 
182 

102| 

100 
91| 
96 
96* 

97i 

110 



Market Value. 
$22,500 00 
16,275 00 
59,475 00 
46,000 00 
18,100 00 
46,750 00 
7,500 00 
42,825 00 
26,200 00 
41,910 00 
12,750 00 

6,825 00' 
2,550 00 

32,340 00 
5,625 00 
4,000 00 
5,792 00 

11,125 00 
8,500 00 

18,125 00 

16,625 00 
15,600 00 
18,000 00 
66,750 00 
69,000 00 
18,200 00 

2,050 00 

250,000 00 

155,337 50 

38,400 00 

29,062 50 

2,925 00 

2,200 00 
1,119,317 00 



THE CONCORDIA FIRE INSURANCE COMPANY OF MILWAUKEE, 

MILWAUKEE, WIS. 

Incorporated March 7, 1870. Commenced business March 22, 1870. 

Paid-up Capital, $300,000. 

GEO. BRUMDER, President. FRANK DAMKOEHLER, Secretary. 

Home Office, 207 Germania Building. 

Income. 

Net fire premiums, $842,231 04 

Interest on mortgage loans, $28,719.85; bonds, $14,294.13, . 43,013 98 



160 



THE CONCORDIA FIRE INSURANCE CO. 



Rents, ......... 

Premium on increase in capital, . . 

From all other sources, ....... 

Total income, ....... 

Ledger assets, Dec. 31, 1905, plus $100,000 increase of capital, 

Total, ...... 

Disbursements. 
Net amount paid for fire losses, 
Interest and dividends to stockholders, . 
Commissions or brokerage, .... 

Salaries, fees, etc., of officers and employees, 
Rents, ....... 

Repairs and expenses on real estate, , . 

Real estate taxes, $206 . 37 ; other taxes and fees, $30,464 . 85, 

Uncollected premiums charged off, . 

Loss on maturity of bonds, .... 

Interest on loans, . . . . . 

Adjustment expenses, . 

Postage, printing, stationery and supplies, 

Legal expenses, . 

Furniture and fixtures, ..... 

Maps and corrections, ..... 

Traveling expenses, ..... 

All other disbursements, .... 

Total disbursements, . . . 

Balance, . . . 

Ledger Assets. 

Real estate, $7,176.63; mortgages, $621,699.32, 
Bonds (schedule A), 

Cash in banks and office, .... 

Deposit in savings bank, .... 

Agents' balances, ...... 

Total ledger assets, 

Non-Ledger Assets. 
Interest due and accrued : — 
On mortgages, $5,477.69; bonds, $9,169.43, . 
Due from other companies, .... 



Gross assets, 



$472 50 

50,000 00 

. 10 00 

$935,727 52 
1,241,827 35 

$2,177,554 87 



$555,269 06 

8,000 00 

252,268 32 

41,491 50 

3,112 50 

149 46 

30,671 22 

1,365 44 

161 48 

623 61 

6,320 63 

14,340 74 

1,286 40 

1,262 50 

1,146 33 

6,439 62 

17,735 29 

$941,644 10 

$1,235,910 77 



$628,875 95 

387,223 63 

17,560 00 

22,076 85 

180,174 34 

1,235,910 77 



$14,647 12 
11,900 21 

,262,458 10 



Assets not admitted. 



Agents' balances over three months due, 
Special deposits less $5,264.40 liability thereon, 
Book value of real estate over market value, 
Due from unauthorized companies, 
Book value of bonds over market value, . 
Total unadmitted assets, 

Total admitted assets, .... 



$966 20 

44,735 60 

176 63 

1,445 83 

13,667 65 



60,991 91 
,201,466 19 



THE CONCORDIA FIRE INSURANCE CO. 



161 



Liabilities. 

Unpaid losses, including $1,100 resisted, $80,222.97; less rein- 
surance, $20,277.19, 

Unearned premiums on outstanding risks, $722,879.65; plus 
same on disallowed reinsurance, $13,037.31, 

Salaries, due or accrued, ....... 

Due for reinsurance premiums, ...... 



All liabilities, except capital and surplus, 
Surplus to policy holders, 
Paid-up capital, ..... 
Surplus over capital and general liabilities, 



$392,341 77 



Total liabilities, 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1905, 
Fire risks written during 1906, 

Total, 

Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, 

Net amount in force, 



$138,578,476 00 
94,015,288 00 



$59,945 78 

735,916 96 

508 34 

12,753 34 



,124 42 



300,000 00 
92,341 77 

,201,466 19 



Premiums. 

$1,604,133 96 
1,256,065 66 



$232,593,764 00 $2,860,199 62 
85,244,002 00 1,116,227 94 



$147,349,762 00 $1,743,971 68 
25,449,301 00 357,506 08 



$121,900,461 00 $1,386,465 60 



Miscellaneous. 

Premiums received from organization of company, . 

Losses paid from organization of company, 

Fire losses incurred during the year, 

Cash dividends declared from organization of company, 

Dividends declared during the year, 

Company's stock owned by directors, 

Schedule A. Bonds owned by the Company 

State, County and Municipal Bonds. Book Value. Rate. 

Cincinnati, O., 5s, 1910, $44,000 00 103f 

Fond du Lac, Wis., 4£s, 1917, op. 1907, . . 31,125 00 100 

Lawrence Co., 111., 6s, 1908-12,. . . . 13,65125 105 

Mauston, Wis., 5s, 1914, 2,729 60 104 

Mauston, Wis., 5s, 1916, 5,902 58 104 

Mauston, Wis., 5s, 1917, 2,731 80 104 

McG. Cr. Levee & Dr., B. & P. Cos., 111., 6s, 1915, . 1 in7/lo nn f 106 

McG. Cr. Levee & Dr., B. & P. Cos., 111., 6s, 1916, . / 1U ' /4y UU \ 106f 

McG. Cr. Levee & Dr., B. & P. Cos., 111., 6s, 1921, . 1 _ .„- _ n f 109* 

McG. Cr. Levee & Dr.. B. & P. Cos., 111., 6s, 1922, . / 6 ' 5J/ 5U \ 110 

Milwaukee, Wis., 5s, 1910, . . . .1 • f 102| 

Milwaukee, Wis., 5s, 1911, .... 104 

Milwaukee, Wis., 5s, 1912, .... 105 

Milwaukee, Wis., 5s, 1913, . . . . I -. aoa oc 106 

Milwaukee, Wis., 5s, 1914, .... 54,636 25 1Q6 ^ 

Milwaukee, Wis., 5s, 1915, .... 107f 

Milwaukee, Wis., 5s, 1916, '. . . '. 108*. 

Milwaukee, Wis., 5s, 1917, .... J [ 109J 

Milwaukee, Wis., 3s, 1919, .... 1,000 00 92 

Montana 6s, 1920, op. 1905, .... 42,77950 100 

New York, N. Y., 3*s, 1928, .... 27,375 00 94^ 

Portland, Ore., 4s, 1934, 48,750 00 100 

Sparta, Wis., 4s, 1907, 100 00 99| 

Sparta, Wis., 4s, 1908, 300 00 99£ 



$11,454,603 00 

6,054,547 00 

560,816 00 

371,667 00 

8,000 00 

203,300 00 



Market Value . 
$41,350 00 
30,000 00 
00 
74 
74 
00 
00 
25 
50 
00 



13,125 

3,066 

6,706 

3,120 

2,650 

8,006 

2,737 

2,750 

1,027 50 

7,280 00 

7,350 

7,420 

7,481 

7,533 

7,595 

7,647 

920 

40,000 00 

23,562 50 

50,000 00 

99 50 

298 50 



00 
00 
25 
75 
00 
50 
00 



162 



CONNECTICUT FIRE INSURANCE CO. 



Sparta, Wis., 4s, 1909, 

Sparta, Wis., 4s, 1910, 

Spokane, Wash., 6s, 1911, 

Stark County, Ind., 6s, 1911, 

Stark County, Ind., 6s, 1912, . 

Stark County, Ind., 6s, 1913, . 

Stark County, Ind., 6s, 1914, 

Stark County, Ind., 6s, 1915, . 

Stark County, Ind., 6s, 1916, 

Wausau, Wis., 4s, 1924, 

Wausau, Wis., 4s, 1925, . 

Wausau, Wis., 4s, 1925, . 

Wauwatosa & Greenfield, Wis., 5s, 1907-18 

Westport, Mo., 5s, 1917, . 

Whiting, Ind., 6s, 1907-11, 

Miscellaneous Bonds. 
La Clede Gas Light Co., St. Louis, 5s, 1934, 



Book Value. 


Rate. 


Market Value. 


$200 


00 


99^ 


$199 00 


100 


00 


99^ 


99 50 


23,147 


50 


107| 


21,550 00 


710 


84 } 




715 50 


2,862 


54 




2,862 00 


3,601 


13 


106 < 


3,577 50 


3,622 


73 


3,577 50 


3,642 


98 




3,577 50 


1,831 


44 




1,788 75 


1,040 


30 


100 


1,000 00 


6,250 


50 


100 


6,000 00 


3,100 


25 


100 


3,000 00 


12,673 


20 


1021 


12,300 00 


13,751 


64 


109 


12,971 00 


9,081 


10 


104£ 


8,360 00 


10,250 


00 


102i 


10,250 00 


$387,223 


63 


$373,555 98 



CONNECTICUT FIRE INSURANCE COMPANY, HARTFORD, CONN. 

Incorporated June, 1850. Commenced business July, 1850. 

* Paid-up Capital, $1,000,000. 

J. D. BROWNE, President. CHARLES R. BURT, Secretary. 

Home Office,, 51 Prospect Street. 

Income. 
Net fire premiums, ...... 

Interest on mortgage loans, $48,698.41; collaterals, $162.50: 

stocks and bonds, $153,788.26; all other, $5,097.82, 
Rents, including company's own occupancy, 
Profit on sale of ledger assets, .... 

Increase in book value of real estate, 

Premium on increase in capital, .... 



Total income, 
Ledger assets, Dec. 31, 1905, plus $500,000 increase in capital, 

Total, 

Disbursements. 
Net amount paid for fire losses, 
Interest and dividends to stockholders, . 
Commissions or brokerage, 
Salaries, fees, etc., of officers and employees, 
Rents, including company's own occupancy, 
Repairs and expenses on real estate, 
Real estate taxes, $3,147.67; other taxes and fees, $111,692, 
Loss on sale of ledger assets, . 
Agency balances charged off, . 
Advertising, printing and stationery, 
Legal expenses, .... 
Allowances to local agents, 



$3,550,592 96 

207,746 99 
12,775 39 
53,009 11 
97,890 66 

500,000 00 



54,422,015 11 
6,227,145 45 

$10,649,160 56 



$3,833,528 13 

103,110 79 

747,887 57 

242,805 87 

25,108 24 

780 86 

114,839 67 

15,903 19 

654 00 

71,952 35 

7,930 05 

49,316 57 



* Cash capital Dec. 31, 1905, 

Increase of capital during 1906, . 

Total, ...... 

Decrease in cash capital during 190G without distr 

Cash capital Dec. 31, 190G, 



ibuti 



. $1,000,000 
500,000 

. $1,500,000 
of assets, 500,000 



$1,000,000 



CONNECTICUT FIRE INSURANCE CO. 



163 



Furniture and fixtures, ..... 
Postage, express, etc., ..... 
Traveling and adjusting expenses, . 

Total disbursements, .... 

Balance, ...... 

Ledger Assets 

Real estate, $267,200; mortgages, $969,900, 

Stocks and bonds (schedule A), 

Cash in banks and office, 

Agents' balances, ..... 

Bills receivable, ..... 

Total ledger assets, .... 

Non-Ledger Assets. 
Interest accrued : — 
On mortgages, $11,776.25; bonds, $16,584.15, 

Gross assets, ...... 

Assets not admitted. 

Agents' balances over three months due, . 
Bills receivable, past due, .... 
Special deposits less $140,381 .24 liab. thereon, . 
Book value of stocks and bonds over market val., 

Total unadmitted assets, . . . - 



$6,199 96 
18,271 21 
72,169 73 

$5,310,458 19 

$5,338,702 37 



$1,237,100 00 

3,250,419 96 

474,913 88 

340,349 50 

35,919 03 

$5,338,702 37 



28,360 40 
$5,367,062 77 



$13,420 99 
17,325 81 
33,078 76 
20,186 71 



Total admitted assets, ...... 

Liabilities. 

Unpaid losses, including $31,786.96 resisted, $402,503.22, less 
reinsurance, $44,748.65, ....... 

Unearned premiums on outstanding risks, .... 



84,012 27 
$5,283,050 50 



All liabilities, except capital and surplus, 
Surplus to policy holders, 
Paid-up capital, ..... 
Surplus over capital and general liabilities, 



,737,702 48 



Total liabilities, 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1905, 
Fire risks written during 1906, 

Total, . . 

Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, 

Net amount in force, 



$478,737,471 00 
. 346,486,885 00 

$825,224,356 00 
. 299,313,832 00 

$525,910,524 00 
. 35,783,786 00 



$357,754 57 

3,187,593 45 

$3,545,348 02 

1,000,000 00 

737,702 48 

$5,283,050 50 

Premiums. 

$5,849,711 14 

4,538,978 26 

$10,388,689 40 

3,872,423 90 

$6,516,265 50 

480,491 86 



$490,126,738 00 $6,035,773 64 



164 



CONNECTICUT FIRE INSURANCE CO. 



Miscellaneous. 

Premiums received from reorganization of company, 

Losses paid from reorganization of company, . 

Fire losses incurred during the year, 

Cash dividends declared from reorganization of company, 

Dividends declared during the year (9 per cent.), 

Company's stock owned by directors, 



$46,819,654 00 

27,870,811 00 

3,947,576 00 

3,135,000 00 

90,000 00 

162,600 00 



Schedule A. Stocks and Bonds owned by the Company. 



Railroad Stocks. 
500 shares New York, New Haven & Hartford, 
300 " Pittsburg, Ft. Wayne & Chicago, 

Bank Stocks. 
100 shares iEtna National, Hartford, Conn., 
93 " Charter Oak Nat'l, Hartford, Conn., 
125 " Farmers' & Mech. N'l, Hart., Conn., 
185 " First National, Hartford, Conn., 
300 " Hartford National, Conn., 
100 " Importers' & Traders' N'l, New York, 
412 " National Exchange, Hartford, Conn., 
150 " Phoenix National, Hartford, Conn., 

Miscellaneous Stocks. 
200 shares Empire & Bay States Telegraph Co., 
500 " Northwestern Telegraph Co., 

Government Bonds. 
Canada 3*s, 1913, ..... 

State, County and Municipal Bonds. 
Arizona, Territory of, 5s, 1942, . 
Arizona, Territory of, 5s, 1946, . 
Astoria, Ore., 6s, 1911, 
Astoria, Ore., 5s, 1925, 
Boston, Mass., 3*s, 1945, . 
Cincinnati, O., 3*s, 1965, . 
Cleveland, O., School District 4s, 1922, 
Colorado Springs, Col., 4s, 1924, 
Columbus, O., 4s, 1922, . 
Dallas, Tex., 5s, 1920, 
Duluth, Minn., 4*s, 1914, 
Duluth, Minn., 4s, 1932, . 
East Hartford, Conn., 4s, 1931, 
Fargo, N. D., 6s, 1911, 
Georgia, State of, 4*s, 1915, 
Hartford, Conn., 3*s, 1954, 

Hartford, Conn., South School Dist. 3*s, 1931, 
Helena, Mont., 5s, 1916, . 
Hennepin County, Minn., 4*s, 1924-25, 
Kansas City, Mo., 4s, 1924, 
Marion County, Ore., School Dist. No. 24 6s, 1910 
Nashville, Tenn., 4s, 1927, 
New Britain, Conn., 3*s, 1932, . 
New Mexico 4s, 1933, op. 1923, 
Newport, R. I., 3*s, 1954, 
New York, N. Y., 3$s, 1953, 
Pawtucket, R. I., 4s, 1934, 
Portland, Ore., 5s, 1923, . 
Richmond, Va., 4s, 1924, . . . 

Rockville, Conn., 4s, 1935, 
Salem, Ore., 6s, 1914, 
Salt Lake Citv, Utah, 5s, 1914, 
Salt Lake City, Utah, 4*s, 1924, 
San Diego, Cal., 4£s, 1937-38, . 
Seattle, Wash., 5s, 1913, . 
Stockton, Cal., 5s, 1917, . 

Railroad Bonds. 
Baltimore & Ohio prior lien 3-|s, 1925, 
Black Rocks & Salisbury Beach St. 5s, 1911 
Chicago, Burlington & Quihcy 3*s, 1949, 



Book Value. 

$84,246 44 

28,700 00 

12,500 00 
12,026 00 
26,442 50 
26,655 72 
45,645 75 
16,800 00 
28,106 00 
22,246 50 

14,800 00 
23,000 00 

102,564 06 

52,525 00 
27,000 00 
12,840 00 

5,275 00 
50,750 00 
50,625 00 
52,750 00 
25,687 50 
35,424 60 
12,360 00 
10,700 00 
36,225 00 
41,800 00 

6,478 75 
26,625 00 
51,250 00 
26,125 00 
21,400 00 
56,345 00 
53,250 00 
14,121 25 
50,625 00 
25,625 00 
10,550 00 
44,880 00 
51,031 25 
30,525 00 
57,625 00 
50,000 00 
27,187 50 
12,017 50 
41,512 50 
10,700 00 
32,831 25 
25,250 00 
33,262 50 

23,875 00 

9,500 00 

46,100 00 



Rate. 
1901 
173 

225 
134 
110 
150 
145 
550 
130 
125 

75 
122 

98 

103f 
104f 
106 
1041 
95 
96f 
101f 
100 
101i 
107 
102f 
98* 
100 
105* 
111 
96| 
97f 
104-1 
108 
103 
103 
98f 
93f 
100 
97 
91* 
102| 
113 
101i 
102| 
110 
105£ 
104* 
106* 
105i 
107 

92i 
100 
92 



Market Value. 

$95,250 00 

51,900 00 

22,500 00 

12,462 00 

13,750 00 

27,750 00 

43,500 00 

55,000 00 

26,780 00 

18,750 00 

15,000 00 
30,500 00 

98,000 00 

51,812 50 
26,187 50 
12,720 00 

5,225 00 
47,500 00 
48,187 50 
50,875 00 
25,000 00 
34,382 50 
12,840 00 
10,237 50 
34,475 00 
40,000 00 

6,330 00 
27,750 00 
48,312 50 
24,406 25 
20,925 00 
54,000 00 
51,500 00 
13,390 00 
49,437 50 
23,406 25 
10,000 00 
42,680 00 
45,750 00 
30,637 50 
56,500 00 
50,625 00 
25,687 50 
12,100 00 
42,100 00 
10,450 00 
31,950 00 
26,312 50 
32,100 00 

23,062 50 
10,000 00 
46,000 00 



CONTINENTAL INSURANCE CO. 



165 



Chicago, Milwaukee & St. Paul 4s, 1989, 

Chicago, St. Louis & New Orleans 3^-s, 1951, 

Chicago, St. Paul & Omaha 3£s, 1930, 

Chicago & Erie 5s, 1982, . 

Chicago & Northwestern 5s, 1929, 

Chicago & Northwestern 3£s, 1987, . 

Cincinnati, Dayton & Ironton 5s, 1941, 

Cincinnati, Hamilton & Dayton 5s, 1942, 

Cincinnati, Indianapolis & Western 4s, 1953, 

Cleveland, Cincinnati, Chicago & St. Lo. 4s, 1991 

Cleveland Electric 5s, 1913, 

Cleveland & Mahoning Valley 5s, 1938, 

Dayton & Michigan 5s, 1911, 

Detroit 5s, 1924, 

Indiana, Illinois & Iowa 4s, 1950, 

Illinois Central 3^s, 1951, 

Iowa Central 5s, 1938, 

Lehigh Valley 4£s, 1940, . 

Long Island guar. ref. 4s, 1949, 

Michigan Central 3^s, 1952, 

Minneapolis & St. Louis 4s, 1949, 

New York Central & Hudson River 3^s, 1997, 

N. Y. Central & Hudson R. (L. Shore) 3*s, 1998, 

N. Y. Cent. & Hud R. (Mich. Cent.) 3^s, 1998, 

New York, Lackawanna & Western 4s, 1923, 

New York, New Haven & Hartford 4s, 1954, 

New York, New Haven & Hartford 3£s, 1947, 

New York, New Haven & Hartford 4s, 1947, 

New York, New Haven & Hartford 3^s, 1956, 

North Chicago Street 5s, 1916, . 

Northern Pacific & Gt. Northern 4s, 1921, 

Port Reading 5s, 1941, 

Rutland 4^s, 1941, . 

Rutland Canadian 4s, 1949, 

St. Louis & San Francisco 5s, 1947, 

St. Louis Southern 4s, 1931, 

Southern Pacific 4s, 1955. 

Toledo & Ohio Central 1st mortgage 5s, 1935, 

West Chicago Street 5s, 1928, . 

West Chicago Street R.R. Tunnel Co. 5s, 1909, 

Miscellaneous Bonds. 
Chicago Edison Co. 5s, 1926, 
Northwestern Telegraph Co. 4*_s, 1934, 
Peoples' Gas Light & Coke Co., Chic, 5s, 1947, 
Traders' Safe & Trust Co., Chicago, 6s, 1905, 
Western Union Telegraph Co. 5s, 1938, 
Western Union Telegraph Co. 4^s, 1950, 



Book Value. 
$54,375 00 
24,500 00 
46,750 00 
60,750 00 
52,256 25 
48,000 00 
26,125 00 
51,125 00 
49,375 00 
9,000 00 
51,375 00 
11,000 00 
26,437 50 
54,862 50 
50,300 00 
25,000 00 
28,156 25 
30,812 50 
51,000 00 
24,281 25 
71.812 
25,937 
47,220 
26,107 



Rate. 



50 
50 
00 
50 



104,525 00 



00 
00 
50 
00 
00 



54,250 
52,375 
26,812 
22,500 
10,350 
24,596 88 
10,200 00 
26,187 50 
25,000 00 
24,837 50 
26,250 00 
23,690 63 
15,375 00 
10,050 00 
10,175 00 

26,625 00 
25,562 50 
26,125 00 
10,000 00 
27,093 75 
24,892 38 

,250,419 96 



1( 

90 

91 

116* 
106 

96* 
108f 
106 

94 

98 
100 
116*. 
100 
107f 

98* 

98 
112 
108* 

99 

93| 

93 

93i 

86i 

85* 
100 
101* 

91 
101 
112 

85 

96| 
112 
105 

95 
101 

99 

94f 
113 

90 

92 

100*. 
1021 
102* 

30 
103 

99* 



Market Value. 
853,062 50 

22,500 00 
45,500 00 

58,250 00 

50,880 00 
48,250 00 
27,187 50 
53,000 00 
47,000 00 

9,800 00 
50,000 00 
11,650 00 
25,000 00 
53,875 00 
49,250 00 
24,500 00 
28.000 00 
32,550 00 
49,500 00 
23,312 50 
69,750 00 
23,312 50 
43,125 00 
25,650 00 
100,000 00 
50,625 00 
45,500 00 
25,250 00 
25,200 00 

8,500 00 
24,218 
11,200 
26,250 
23,750 
25,250 
24,750 00 
23,687 50 
16,950 00 

9,000 00 

9,200 00 

25,125 00 
25,625 00 
25,625 00 
3,000 00 
25,750 00 
24,875 00 

$3,230,233 25 



75 

00 
00 
00 
00 



CONTINENTAL INSURANCE COMPANY, NEW YORK, N. Y. 

Incorporated November, 1852. Commenced business January, 1853. 
Paid-up Capital, $1,000,000. 
HENRY EVANS, President. E £' balLARD' } Secretaries. 

Home Office, 4.6 Cedar Street. 

Income. 

Net fire premiums, $6,702,853 11 

Interest on mortgage loans, $827.63; stocks and bonds, $556,- 

077.25; all other, $49,523.22, 606,428 10 

Rents, 83,660 97 

Profit on sale of stocks and bonds, 353,901 00 



166 



CONTINENTAL INSURANCE CO. 



Increase in book value of stocks and bonds, 
From all other sources, ..... 

Total income, . . . . . 

Ledger assets, Dec. 31, 1905, .... 

Total 

Disbursements. 
Net amount paid for fire losses, 
Cash paid for redemption of scrip, . 
Interest paid to scrip holders, 
Interest and dividends to stockholders, . 
Commissions or brokerage, .... 

Salaries, fees, etc., of officers and employees, 
Rents, . . . . ... 

Repairs and expenses on real estate, 

Real estate taxes, $17,681 .33; other taxes and fees, $142,391 

Reduction in book value of real estate, 

Agents' balances and bills receivable past due, 

AdA^ertising, printing and stationery, 

Legal expenses, 

Local board expenses, . 

Exchange, 

Furniture and fixtures, . 

Maps and surveys, 

Postage, express, telegrams and telephone, 

Subscription to papers, ..... 

Subscription to Mercantile Agency, 

Traveling expenses, special agents, etc., . 

All other disbursements, .... 

Total disbursements, .... 

Balance, ...... 

Ledger Assets.* 

Real estate, $1,190,000; mortgages, $13,850, . 
Stocks and bonds (schedule A), 
Cash in banks and office, .... 

Agents' balances, . . . . . 

Bills receivable, ...... 

Total ledger assets, 



. . . 


$27,813 00 


. . . 


58 88 


$7,774,715 06 


. 


16,122,662 61 


$23,897,377 67 


. . . $4,358,136 26 


, . 


112 00 




72 




450,000 00 




1,457,843 65 




452,286 00 


. 


18,011 72 




37,660 50 


h 42,391. 73 


160,073 06 




1,018 66 


. 


10,794 91 


. 


52,851 45 


. 


5,988 34 


. 


43,304 87 


. 


8,430 88 


. 


5,984 07 


. 


20,593 70 


. 


72,961 88 


. 


2,630 06 


. 


7,561 85 


, 


73,471 61 


• 


26,168 85 


• 


. $7,265,885 04 


$16,631,492 63 


. $1,203,850 00 




13,467,068 00 




1,156,106 46 




745,485 31 




. ' 58,982 86 




$16,631,492 63 



Non-Ledger Assets. 

Interest accrued : — 
On mortgages, $321.25; bonds, $32,294.14; other 

$2,323.68,^ . 

Market value" of stocks and bonds over book value, . 

Gross assets,t ....... 



assets, , 



34,939 07 
961,578 25 

$17,628,009 95 



* The company holds also instalment premium notes to the amount of $1,896,005 .91, which do 
not enter into or form any part of the assets of the company, as no portion of them is earned. 
Whatever value is attached to them would necessarily be counterbalanced by the addition of an 
amount exactly equal to the reinsurance liability, the entire sum consisting of " unearned 
premiums." 

t Including $600,000 special reserve held under New York'Jaw. 



CONTINENTAL INSURANCE CO. 



167 



Assets not admitted. 

Agents' balances over three months'due, . $6,181 56 
Special deposits less $94,719.79 liability 

thereon, 31,792 71 

Total unadmitted assets, . . . 



$37,974 27 



Total admitted assets, $17,590,035 68 

Liabilities. 

Unpaid losses, including $31,903 resisted, $406,437.48: less rein- 
surance, $21,113.67, $385,323 81 

Unearned premiums on outstanding risks, $6,789,909.77; plus 

same on disallowed reinsurance, $1,249.83, .... 6,791,159 60 

Due for reinsurance, ........ 13,508 72 

Reserve for contingencies, ....... 250,000 00 



All liabilities, except capital and surplus, .... $7,439,992 13 
Surplus to policy holders, .... $10,150,043 55 

Paid-up capital, . . . 1,000,000 00 

Surplus over capital and general liabilities, . . . . 9,150,043 55 



Total liabilities, 



Fire risks outstanding Dec. 31, 1905, 
Fire risks written during 1906, 



$17,590,035 68 
Risks and Premiums. 

Premiums. 

$1,149,357,392 00 $12,176,194 68 
838,372,774 00 7,814,331 30 



Total, . . . . 

Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, 

Net amount in force, 



$1,987,730,166 00 $19,990,525 98 
757,007,431 00 6,733,256 85 



,230,722,735 00 $13,257,269 13 
37,794,783 00 359,695 71 



,192,927,952 00 $12,897,573 42 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, 

Fire losses incurred during the year, 

Cash dividends declared from organization of company, 

Dividends declared during the year (4.5 per cent.), . 

Company's stock owned by directors, . 



$115,590,465 00 
63,047,309 00 
4,415,246 00 
8,614,357 00 
450,000 00 
189,200 00 



Schedule A. Stocks and Bonds owned by the Company. 



500 s 


shares 


1,000 


a 


2,000 

1,000 

14,000 

500 


a 

it 

it 

it 


700 


it 


1,000 
3,000 
1,500 


tt 
it 
it 


3,000 rights 
750 shares 


2,500 


it 



Railroad Stocks. 
Atlantic Coast Line, Conn., . 
Atlantic Coast Line, Va., 
Baltimore & Ohio, common, . 
Baltimore & Ohio, preferred, 
Brooklyn City, 

Buffalo, Rochester & Pitts., pref., 
Buffalo, Rochester & Pitts., com., 
Chicago & Eastern Illinois, pref., 
Chicago, Milwaukee & St. P., pref., 
Chic, Mil. & St. P., pref., 10% pd., 
Chicago, Milwaukee & St. Paul, 
Chic, Mil. & St. P., com., 10% pd., 
Chicago & Northwestern, preferred, 



Book Value. 

$128,050 00 

136,000 00 

208,177 00 

90,000 00 
316,150 00 

57,500 00 

80,500 00 
120.000 00 
525,000 00 

15,000 00 

7,500 00 
525,000 00 



Rate. 
325 
132 
119J 

92^ 
225 
150 
145 
125 
162^ 
100 

33J 
100 
230 



Market Value. 

$162,500 00 

132,000 00 

239,000 00 

92,250 00 

315,000 00 

75,000 00 

101,500 00 

125,000 00 

488,250 00 

15,000 00 

100,500 00 

7,500 00 

575,000 00 



168 



CONTINENTAL INSURANCE CO. 



4,500 shares Chicago & Northwestern, common, . 

1,000 " Chic, St. P., Minn. & Omaha, pref., 

600 " Cleve., Cin., Chic. & St. Louis, pref., 

1,000 " Cleve., Lorain & Wheeling, pref., 

1,000 " Delaware & Hudson Co., common, 

1,000 " Delaware, Lack. & Western, com., 

800 " Erie, 1st preferred, 

2,000 " Great Northern, preferred, 

2,000 " Gt. Northern, Iron Ore Prop., 

1,000 " Hocking Valley, preferred, 

2,437 " Lake Shore & Michigan South., com 

5,000 " Lehigh Valley, common, 

2,500 " Louisville & Nashville, common, 

2,000 " Manhattan, . 

500 " Mahoning Coal, common, 

1,000 " , Nash., Chat. & St. Louis, common, 

1,000 " N. Y. Central & Hud. R., common, 

500 " N. Y., Chic. & St. Louis, 1st pref., 

5,021 " New York & Harlem, . 

1,000 " Norfolk & Western, common, 

2,500 " Northern Pacific, common, 

30 " Northern Securities, 

1,200 " Pitts., Cin., Chic. & St. Louis, pref. 

500 " Pitts., Ft. Wayne & Chicago, 

4,200 " Pittsburg, McKeesport & Yough., 

400 " Reading Co., 1st preferred, 

500 " Second Avenue, . 

2,500 " Southern, preferred, 

500 " Southern Pacific, preferred, 

2,000 " Union Pacific, common. 

2,000 " United N. J. R.R. & Canal Co., 

Bank Stocks. 
250 shares American Ex. N'L N. Y., N. Y., 

50 " Bank of America, New York, N. Y. 
500 " Bank of New York, N. Y., . 
200 " Central Trust Co., New York, N. Y 
425 " Mechanics' Nat'l, New York, N. Y 
350 " Merchants' Nat'l, New York, N. Y 
Miscellaneous Stocks. 
1,500 shares American Telephone & Tel. Co., 
2,200 " Consolidated Gas Co., N. Y., 

300 " Mahoning Investment Co., 
2,000 " United States Express Co., .- 
State and Municipal Bonds. 
Georgia 4*s, 1915, 
Massachusetts 3*s, 1943, . 
New Mexico 6s, 1919, 
New York, N. Y., 3*s, 1940, 
New York, N. Y., 3*s, 1927, 
New York, N. Y., 3*s, 1954, 
Portland, Ore., 5s, 1917, . 
Richmond, Va., 4s,' 1920-1-4, 

Railroad Bonds, 
Atlantic Coast Line (L. & N. col.) 4s, 1952, 
Chicago & Alton 3*s, 1950, 
Chicago City (sub. 95% paid) 4*s, 
Chicago & Northwestern 6s, 1929, 
Chicago, Rock Island & Pacific 4s, 2002, 
Columbia & Greenville 6s, 1916, 
Delaware & Hudson 4s, 1916, 
Elmira, Cortland & Northern 6s, 1914, 
Louisville & Nashville (Mob. & Mon.) 4*s, 1945, 
Metropolitan Street 5s, 1997. 

N. Y., N. H. & Hartford (convert, deb.) 3*s, 1956, 
North. Pac. & Gt. North. (C, B. & Q. col.) 4s, 1921, 
Wabash (Series B) 6s, 1939, 

Miscellaneous Bonds. 
American Telegraph & Telephone 4s, 1936, 
Consolidated Gas Co. 6s, 1909, . 
N, Y. Gas, Elec. Light, H. & P. Co. 4s, 1949, 



00 
00 
00 
00 



Book Value. 

$731,578 00 

175,000 00 

60,000 00 
100,000 00 
175,000 00 
150,000 00 

60,000 00 
315,383 00 
160,000 00 

80,000 00 
733,099 00 
358,386 00 
350,000 00 
309,024 

50,000 
140,059 
129,441 

50,000 00 
953,990 00 

92,458 00 

466.920 00 

6,000 00 

120,000 00 

87,500 00 
231,000 00 

17,000 00 
100,000 00 
212,500 00 

57,287 00 
260,000 00 
500,000 00 

52,500 00 

20,000 00 

134,085 00 

350,000 00 

106,947 00 

26,250 00 

195,000 00 

385,000 00 

18,000 00 

200,000 00 

25,000 00 
200,000 00 

10,000 00 
475,000 00 
125,000 00 
400,000 00 

50,000 00 

50,000 00 

45,000 00 
15,000 00 

190,000 00 
50,394 00 
70,000 00 
50,000 00 
34,050 00 
50,000 00 
50,000 00 

100,000 00 
3,750 00 

237,500 00 

137,500 00 

28,590 00 
88,000 00 
54,000 00 

$13,467,068 00 



Rate. 

198* 

181 

110 

108 

222 

515 

75 
181 

79 

93* 
335 
154 
143* 
142| 
215 
140 
131 
118 
380 

92 
1851 
165 
104 
173 
133 

90 
197 

94 
116* 
1801 
255 

247 
525 
315 
2,025 
245 
160 

133* 

138 

80 

117 

111 
101 
103* 
92f 
94* 
91f 
109 
101* 

89 

75* 

95 

111 

76 

112 

107 

111 

105+ 

105| 

112 

96| 

74* 

92 
137 

82 



Market Value. 

$892,125 00 

181,000 00 

66,000 00 
108,000 00 
222,000 00 
257,500 00 

60,000 00 
362,000 00 
158,000 00 

93,500 00 
816,395 00 
385,000 00 
357,812 50 
285,500 00 

53,750 00 
140,000 00 
131,000 00 

59,000 00 
953,990 00 

92,000 00 

463,125 00 

4,950 00 

124,800 00 

86,500 00 
279,300 00 

18,000 00 

98,500 00 
235,000 00 

58,250 00 
360,500 00 
510,000 00 

61,750 00 

26,250 00 

157,500 00 

405,000 00 

104,125 00 

28,000 00 

200,250 00 

303,600 00 

24,000 00 

234,000 00 

27,750 00 
202,000 00 

10,350 00 
439,968 75 
118,125 00 
365,500 00 

54,500 00 

50,562 50 

44,500 00 
15,100 00 

190,000 00 
55,500 00 
76,000 00 
56,000 00 
36,380 
55,500 
52,625 

105,625 
5,600 

242,187 



00 
00 
00 
00 
00 
50 
186,250 00 

27,600 00 
75,350 00 
49,200 00 

$14,428,646 25 



THE COSMOPOLITAN FIRE INSURANCE CO. OF NEW YORK. 169 



THE COSMOPOLITAN FIRE INSURANCE COMPANY OF NEW YORK, 

NEW YORK, N. Y. 

Incorporated May 19, 1906. Commenced business June 2, 1906. 

Paid-up Capital, $300,000. 

LEO A. LOEB, Vice-President. WILLIAM WOOD, Secretary. 

Home Office, 95 William Street. 

Income. 

Net fire premiums, $569,201 81 

Interest on bonds, $7,374.72; all other, $353.94, . . . 7,728 66 

Premium on capital stock, ....... 150,000 00 



Total income, ..... 

Ledger assets, June 2, 1906, .... 

Total, . . . * . 

Disbursements. 
Net amount paid for fire losses, 
Commissions or brokerage, .... 

Salaries, fees, etc., of officers and employees, 
Taxes and fees, ...... 

Organization expenses, . . 

All other disbursements, .... 

Total disbursements, 

Balance, ...... 



Bonds (schedule A), 
Cash in banks, 
Agents' balances, . 

Total ledger assets, 



Ledger Assets. 



Non-Ledger Assets. 



Interest accrued on bonds, . . . . . 

Gross assets, ......... 

Assets not admitted. 
Book value of bonds over market value, ..... 

Total admitted assets, ....... 

Liabilities. 

Unpaid losses, including $600 resisted, $41,976.27; less reinsur- 
ance, $5,048.35, . . . . ' . 
Unearned premiums on outstanding risks, .... 



All liabilities, except capital and surplus, 
Surplus to policy holders, 
Paid-up capital, ..... 
Surplus over capital and general liabilities, 

Total liabilities, .... 



$408,027 07 



$726,930 47 
300,000 00 

1,026,930 47 

$81,228 65 

189,186 71 

5,019 68 

6,573 81 

3,220 66 

382 43 

$285,611 94 

$741,318 53 



$634,617 61 
25,494 20 
81,206 72 

$741,318 53 

5,454 12 

$746,772 65 

19,795 11 

$726,977 54 



$36,927 92 
282,022 55 

$318,950 47 

300,000 00 
108,027 07 

$726,977 54 



170 THE COSMOPOLITAN FIRE INSUKANCE CO. OF NEW YORK. 



Risks and Premiums. 



Fire risks written during 1906, 
Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, 

Net amount in force, 



$57,640,119 00 
21,464,143 00 

$36,175,976 00 
2,192,059 00 



Premiums. 

$734,186 09 
205,508 38 

$528,677 71 
28,003 16 



$33,983,917 00 $500,674 55 



Miscellaneous. 

Premiums received, from organization of company, . . . $734,186 00 

Losses paid from organization of company, .... 81,229 00 

Fire losses incurred during the year, . . . . . 118,157 00 

Company's stock owned by directors, . . . . . 79,800 00 

Schedule A. Bonds owned by the Company. 



Government Bonds. 
Imperial Japanese 6s, 1911, 
Imperial Japanese 4*s, 1925, 
United States of Mexico 4s, 1954, 

Municipal Bonds. 
New York, N. Y., 2*s, 1929, 
New York, N. Y., 3*s, 1955, 

Railroad Bonds. 
Atchison, Topeka & Santa Fe 4s, 1955, 
Atchison, Topeka & Santa Fe~ general 4s, 1995, 
Atlantic Coast Line 4s, 1952, 
Baltimore & Ohio 4s, 1948, 
Central of Georgia Consolidated 5s, 1945, 
Central of New Jersey equipment notes 4s, 1907, 
Central Pacific 3*s, 1929, 
Chesapeake & Ohio 4*s, 1992, . 
Chicago, Rock Island & Pacific 4*s, 1908, . 
Chicago, Rock Island & Pacific 4s, 1934, 
Delaware & Hudson River convert, deb. 4s, 1916 
Hocking Valley 4*s, 1999, 
Kansas City Southern 3s, 1950, 
Louisville & Nashville 4s, 1923, 
New York Central (Lake Shore coll.) 3*s, 1998, 
Norfolk & Western 4s, 1996, 
Northern Pacific & Great Northern 4s, 1921, 
Oregon Short Line 4s, 1929, . 
Pennsylvania Co. 4*s, 1907, 
Pennsylvania convertible 3*s, 1912, . 
Pennsylvania convertible 3*s, 1915, . 
Reading Co. & Pbila. & Read. C. & I. Co. 4s, 1997 
San Antonio & Aransas Pass. 4s, 1943, 
Seaboard Air Line 4s, 1950, 
Southern Pacific 4s. 1955, 
Third Avenue 4s, 2000, .... 
Underground Electric, London Ltd., 5s, 1908, 
Union Pacific 4s, 1947, .... 

Miscellaneous Bonds. 
Central Leather Co. 5s, 1925, 
United States Steel Corporation 5s, 1963, . 



Book Value. 

$9,697 50 

18,525 00 

9,451 12 

79,533 27 
206,062 50 

10,115 28 

10,144 72 

9,952 84 

10,245 83 

11,140 28 

9,962 50 

17,175 70 

10,538 77 

9,762 50 

9,263 62 

16,304 30 

10,600 01 

3,537 29 

9,741 39 

8,833 06 

9,958 34 

9,808 36 

9,405 00 

19,900 00 

9,762 92 

18,818 06 

9,945 85 

8,745 85 

4,328 49 

9,505 01 

4,605 15 

9,543 05 

10,295 85 

9,790 14 
9,618 06 

$634,617 61 



Rate. 
954 
90 
93 

79* 
91f 

104* 
100 

96 
lOOf 
109 

99i 

85* 
103f 

99* 

90 
107 
104* 

71* 

96 

86i 

98* 

96J 

93* 
100 

98 

93 

99 

86* 

81 



92 
102 

971 



Market Value. 

$9,550 00 

18,000 00 

9,300 00 

77,910 00 
191,887 50 

10,450 00 

10,000 00 

9,600 00 

10,075 00 

10,900 00 

9,925 00 

17.050 00 

10,362 50 

9,950 00 

9,000 00 

16,050 00 

10,450 00 

3,575 00 

9,600 00 

8,625 00 

9,850 00 

9,687 50 

9,350 00 

20,000 00 

9,800 00 

18,600 00 

9,900 00 

8,650 00 

4,050 00 

9,475 00 

4,400 00 

9,200 00 

10,200 00 

9,725 00 
9,675 00 

$614,822 50 



COUNTY FIRE INSURANCE CO. 



171 



COUNTY FIRE INSURANCE COMPANY OF PHILADELPHIA, 

PHILADELPHIA, PA. 

Incorporated May 31, 1832. Commenced business April 19, 1833. 

Paid-up Capital, $400,000. 

CHARLES R. PECK, President. E. A. LAW, Secretary. 

Home Office, 110 South l^tln Street. 

Income. 
Net fire premiums, . . . 

Deposit premiums on perpetual risks, .... 

Interest on mortgage loans, $9,085.64; collaterals, $3,825.1: 

stocks and bonds, $25,737 . 27 ; all other, $1,546 . 22, 
Rents, including company's own occupancy, 
Profit on maturity of bonds, ...... 

Perpetual deposits earned by loss, ..... 

Discounts on perpetual premiums, . . . . . 



Total income, ..... 

Ledger assets, Dec. 31, 1905, .... 

Total, . 

Disbursements. 
Net amount paid for fire losses, 
Deposit premiums returned, .... 

Interest and dividends to stockholders, . 
Commissions or brokerage, .... 

Salaries, fees, etc., of officers and employees, 
Rents, including company's own occupancy, 
Repairs and expenses on real estate, 
Real estate taxes, $1,178.50; other taxes and fees, 
Loss on maturity of bonds, .... 

Advertising, ...... 

Maps, ........ 

Profit and loss, ...... 

Traveling expenses, ..... 

All other disbursements, .... 

Total disbursements, .... 



Balance, ...... 

Ledger Assets 

Real estate, $66,999.94; mortgages, $182,700, 

Loans secured by collateral (schedule A), 

Stocks and bonds (schedule B), 

Cash in banks and office, . - . 

Agents' balances, . . . 

Due from other companies, 

Total ledger assets, 



),207 



08, 



. $341,696 


21 


9,095 


26 


40,194 
4,936 


24 
30 


20 00 


30 


60 


814 


18 


. $396,786 79 
927,688 30 


. $1,324,475 09 


. $142,127 59 

6,402 87 

32,000 00 

83,906 76 

18,347 04 

1,800 00 

373 54 


10,385 58 
1,720 00 

608 68 


4,132 


42 


264 


00 


4,362 


44 


19,228 


82 


. $325,659 74 


. $998,815 35 


. $249,699 94 
98,700 00 


535,875 

62,983 

48,763 

2,793 


04 
32 
30 
75 


. $998,815 35 



172 



COUNTY FIRE INSURANCE CO. 



Non-Ledger Assets. 
Interest due and accrued : — 
On mortgages, $2,082.84; collateral loans, $424.78, 
Rents due on company's property, . 
Market value of real estate over book value, 
Market value of stocks and bonds over book value, 
Deposit with Philadelphia Underwriters' Ass'n, 
Due for reinsurance and salvage, 

Gross assets, ...... 

Assets not admitted. 

Deposit with Philadelphia Underwriters' Ass'n, 
Salvage, ....... 

Total unadmitted assets, ... 



$100 00 
13 00 



Total admitted assets, 

Liabilities. 
Unpaid losses, including $1,000 resisted, $33,432 . 15; less reinsur- 
ance,- $7,091 .61, 

Unearned premiums on outstanding risks, . 

Reclaimable on perpetual fire policies, . . . . . 

Commissions and other charges due agents and brokers, 
Miscellaneous, ......... 



All liabilities, except capital and surplus, 
Surplus to policy holders, 
Paid-up capital, ..... 
Surplus over capital and general liabilities, 



$603,491 03 



Total liabilities, 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1905, 
Fire risks written during 1906, 

Total, 

Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, 



Net amount in force, 
Perpetual risks in force (not included above), 



$31,998,201 00 
36,039,055 00 



,037,256 00 
27,031,123 00 

$41,006,133 00 
2,722,511 00 

$38,283,622 00 
$9,230,163 00 



Miscellaneous. 

Premiums received from organization of company, . 

Losses paid from organization of company, 

Fire losses incurred during the year, 

Cash dividends declared from organization of company, 

Dividends declared during the year (8 per cent.), 

Company's stock owned by directors, . . 



$2,507 62 

163 50 

17,965 06 

58,884 34 

100 00 

78 88 

,078,514 75 



113 00 



,078,401 75 



>,340 54 
234,934 87 
204,102 20 

9,253 74 
279 37 

$474,910 72 

400,000 00 
203,491 03 

1,078,401 75 



Premiums. 

$372,161 78 
419,207 32 

$791,369 10 
323,068 84 

$468,300 26 
29,423 99 



^,876 27 
$225,205 00 



54,847,916 00 

2,912,056 00 

145,394 00 

908,408 00 

32,000 00 

132,600 00 



COUNTY FIRE INSURANCE CO. 



173 



Schedule A. Securities held as Collateral. 



21 shares Union Passenger Railway Co., 
375 " Westinghouse Elec. & Mfg. Co.'s 1st pref. stock, 
25 " Westinghouse Elec. & Mfg. Co.'s, assent, stock, 
Pennsylvania R.R. general mortgage 6s, 

50 shares U. G. I. Co., 



100 
5 
100 
100 
100 
100 
200 
200 
100 
200 
75 
700 



Philadelphia Rapid Transit Co., 

Fidelity Trust Co., 

Union Traction Co. of Pittsburg, preferred, 

Philadelphia Electric Co., 

Philadelphia Rapid Transit Co., 

U. G. I. Co., 

Cambria Steel, .... 

L. V. R.R., 

Philadelphia R. T. Co., . 
Lehigh Valley, .... 

Central Trust, .... 

Electric Co., America, 



Company's 
Market Value. 

$4,835 00 

30,000 00 
1,875 00 
2,160 00 ) 

- 4,750 00 
2,000 00 
4,010 00 
4,900 00 
812 00 
2,000 00 
9,500 00 
8,700 00 J 

15,650 00 
2,000 00 

15,650 00 
6,768 00 
7,700 00 J 



Loaned 
Thereon. 

$3,700 00 
25,000 00 



15,000 00 

15,000 00 
15,000 00 
25,000 00 



$123,310 00 $98,700 00 



Schedule B. Stocks and Bonds owned by the Company. 



Railroad Stocks. 
11 shares Elmira & Williamsport, 



C. P. 



50 " Frankford & Southwark P. 

205 " Germantown Passenger, 

104 " North Pennsylvania, 

470 " Pennsylvania, . 

264 " Philadelphia, Germantown & Norrist'n. 

200 " Philadelphia Traction Co., 

100 " Second & Third St. Passenger, . 

20 " Thirteenth & Fifteenth St. "Passenger, 

150 " United Cos. of New Jersey, 

164 " Union Traction Co. of Philadelphia, . 

Bank Stocks. 

28 shares Bank of No. America, Phila., Pa., 

10 " First National, Philadelphia, Pa. 



35 



Pa. 



N'l, of Northern Liberties. Phila 
Miscellaneous Stocks. 
2 shares General Adjustment Bureau, 
Railroad Bonds. 
Catawissa 4s, 1948, .... 
Chesapeake & Ohio 4s, 1914, 
Electric & Peoples' Traction 4s, 1945, 
Erie & Western Transportation 4s, 1925, 
Iron Mountain Car trust 5s, 1910, 
Lehigh Valley 7s, 1910, . 
Lehigh Valley 41s, 1940, . 
Lehigh Valley annuitv 6s, 
Lehigh Valley 4s, 2003, ... 
Newark Passenger 5s, 1930, 
Norfolk & Western equipment 4s, 1913, 
Northern Central 5s, 1926, 
Northern Central 5s, 1926, 
Pennsylvania Co. 31s, 1916, 
Pennsylvania Co. 4s, 1931, 
Pennsylvania 6s, 1910, 
Pennsylvania 6s, 1910, 
Pennsylvania & Northwestern 5s, 1930, 
Philadelphia, Baltimore & Washington 4s, 
Philadelphia City Passenger 5s, 1910, 
Philadelphia & Erie 5s, 1920, . 
Philadelphia & Reading Terminal 5s, 1941, 
Pitts., Cincinnati, Chicago & St. Louis 41s, 1942, 
Wladikawkas 4s, ..... 



1943, 



Book Value. 

$550 00 

16,656 25 

17,744 60 

8,699 50 
26,502 00 
28,847 05 
18,225 00 
16,816 00 

4,500 00 
29,217 39 

2,870 00 

7,458 00 

2,102 50 

11,516 25 

100 00 

4,300 00 

9,772 00 

23,359 00 

15,412 50 

10,192 00 

10,150 00 

25.250 00 

18,137 50 

4,900 00 

16,012 50 

4,897 

6,910 

4,640 

8,790 
25,125 



50 
00 
00 
00 
00 

13,302 50 



10,400 
5,225 
3,240 
10,600 
12,050 
23,400 
15,000 



00 
00 
00 
00 
00 
00 
00 



Rate. 
106 
836 
260 
206 
138f 
314 
183 
588 
580 
255 
116 

280 
230 
260 

100 

102 
941 
98 
100 
100 
109^ 
108* 
150 

97* 

1111 

94X 

115f 

115f 

95^ 

97i 

1061 

112 

106 
1021 
112 
1201 
109* 
79" 



Market Value. 

$583 00 

20,900 00 

26,650 00 

10,712 00 

32,518 13 

41,448 00 

18,300 00 

29,400 00 

5,800 00 

38,250 00 

9,512 00 

7,840 00 
2.300 00 
9,100 00 

100 00 

4,080 00 

9,450 00 

24,500 00 

15,000 00 

10,000 00 

8,760 00 

27,125 00 

22,500 00 

4,862 50 

16,725 00 

4,743 75 

6.945 00 

4,630 00 

8,595 00 

24,312 50 

11,715 00 

11,200 00 
5.300 00 
3,075 00 
11,200 00 
12,062 50 
21,900 00 
11,850 00 



174 



THE DELAWARE INSURANCE CO. 



Miscellaneous Bonds. 
Equitable Ilium. Gas Light Co., Phila., 5s, 1928, 
Pennsylvania Steel Co. 5s, 1917, 
Philadelphia Co. 5s, 1949, 
Western Union Telegraph Co. 4^s, 1950, 



Book Value. 
$15,405 00 

15,250 00 
5,425 00 

26,925 00 


Rate. 

106 

105 

107 

99i 


Market Value. 

$14,840 00 

15,750 00 

5,350 00 

24,875 00 


$535,875 04 


$594,759 38 



THE DELAWARE INSURANCE COMPANY OF PHILADELPHIA, 

PHILADELPHIA, PA. 

Incorporated April 10, 1835. Commenced business Aug. 6, 1835. 

Paid-up Capital, *$400,000. 

TATTNALL PAULDING, President. J. PARSONS SMITH, Jr., Secretary 

Home Office, Third and Walnut Streets. 

Income. 
Net fire premiums, . . ■ . 

Deposit premiums on perpetual risks, .... 
Interest on mortgage loans, $7,034.18; collaterals, $4,067.75 

stocks and bonds, $48,865.54; all other, $2,313.85, 
Rents, including company's own occupancy, 
Profit on sale of bonds, . 
Borrowed money, .... 
Premium on increase in capital stock, 
From all other sources, . 



Total income, 
Ledger assets, Dec. 31, 1905, 
Error in 1905 report, 
Increase in capital, 



Total, . . . 

Disbursements 
Net amount paid for fire losses, 
Deposit premiums returned, . 
Interest and dividends to stockholders, . 
Commissions or brokerage, 
Salaries, fees, etc., of officers and employees, 
Rents, including company's own occupancy, 
Repairs and expenses on real estate, 
Real estate taxes, $2,074; other taxes and fees, 
Loss on sale of bonds, .... 
Advertising, printing and stationery, 
Furniture and maps, .... 
Profit and loss, ..... 
Underwriters' boards, .... 
All other disbursements, 

Total disbursements, 

Balance, ..... 



$989,540 27 
12,184 40 

62,281 32 

11,050 00 

996 53 

150,000 00 

118,850 00 

25 00 



,798,203 70 

28,196 27 

118,850 00 



$1,344,927 52 



$29,294.40, 



1,945,249 97 
$3,290,177 49 



$994,078 98 

6,830 83 

24,599 79 

259,886 40 

66,751 20 

8,032 74 

5,290 56 

31,368 40 

292 09 

14,045 18 

3,221 90 

790 65 

13,881 10 

. 28,703 47 

1,457,773 29 

1,832,404 20 



* Cash capital Dec. 31, 1905 $702.875 00 

Increase of capital during 1906, ...... 118,850 00 

Total, $821,725 00 

Decrease in cash capital during 190G without distribution of assets, 421.725 00 

Cash capital Dec. 31, 1906, $400,000 00 



THE DELAWARE INSURANCE CO. 



175 



Ledger Assets. 



Real estate, $200,000; mortgages, $155,500, 

Loans secured by collateral (schedule A), 

Stocks and bonds (schedule B), 

Cash in banks and office, 

Agents' balances, ..... 

Cash in hands of special agents, 

Deposit with Philadelphia Underwriters' Ass'n, 

Due from other companies, . 


• 








. $355,500 00 

50,000 00 

. 1,096,789 70 

95,712 54 

213,295 82 

150 00 

100 00 

20,856 14 


Total ledger assets, . . . . . 

Non-Ledger Assets. 
Interest accrued : — 
On mortgages, $2,193.42; bonds, $15,929.15, . 
Rents accrued on company's property, . . . - 
Market value of stocks and bondsover book value, . 


5C 
OC 
00 
74 


$1,832,404 20 

18,122 57 

1,020 84 

16,274 68 


Gross assets, ...... 

Assets not admitted. 
Special deposits, ...... 

Cash in hands of special agents, 
Deposit with Philadelphia Underwriters' Ass'n, 
Due from unauthorized companies, . 
Total unadmitted assets, . 


$10,862 
150 
100 
684 


$1,867,822 29 
) 

11,797 24 




ur- 

70 

00 
00 

00 
00 


Total admitted assets, 

Liabilities. 

Unpaid losses, including $6,200 resisted, $179, 

ance, $12,920, 

Unearned premiums on outstanding risks, 
Reclaimable on perpetual fire policies, 
Dividends due stockholders, . 
Commissions and other charges due agents and 
Borrowed money, . . . . * . 


532; less reins 

brokers, 

$525,934 

JMS. 

$146,988,331 
108,470,309 

$255,458,640 
100,607,768 


$1,856,025 05 

$166,612 00 

856,942 94 

121,838 57 

77 00 

34,619 84 

150,000 00 


All liabilities, except capital and surplus, 
Surplus to policy holders, 
Paid-up capital, ..... 
Surplus over capital and general liabilities, 


$1,330,090 35 

400,000 00 
125,934 70 


Total liabilities, .... 

Risks and Premii 

Fire risks outstanding Dec. 31, 1905, 
Fire risks written during 1906, 

Total, 

Risks expired and terminated, . - . 


$1,856,025 05 

Premiums. 

$1,692,875 26 
1,328,201 07 

$3,021,076 33 
1,247,239 32 

$1,773,837 01 
181,795 00 


In force at end of year, .... 
Amount reinsured, .... 


$154,850,872 00 
. 14,808,972 00 

$140,041,900 00 
$4,748,602 00 


Net amount in force, 
Perpetual risks in force (not included above), 


$1,592,042 01 
$135,376 19 



176 



THE DELAWARE INSURANCE CO. 



Miscellaneous. 
Premiums received from organization of company, . 
Losses paid from organization of company, 
Fire losses incurred during the year, 
Cash dividends declared from organization of company, 
Dividends declared during the year, 
Company's stock owned by directors, 



$39,021,759 00 

23,465,229 00 

1,102,447 00 

2,869,967 00 

24,599 00 

45,670 00 



Schedule A. Securities held as Collateral. 

Company's Loaned 

Market Value. Thereon. 

$13,425 00 
9,900 00 
7,087 50 

8,700 00 1- $50,000 00 
14,475 00 
3,000 00 
1,400 00 



United Railways of San Francisco bonds, . 
Nat. Gas, Electric Light & Power Co. bonds, 
Marquette Bessimer Co. bonds, ... 

200 shares Erie R.R., 

300 " United States Steel Corporation, common, 
200 " Lake Superior Co., . . 

700 " Philadelphia Electric Co., 



$57,987 50 $50,000 00 



Schedule B. Stocks and Bonds owned by the Company. 



Railroad Stocks. 
550 shares Pennsylvania, .... 
Miscellaneous Stocks. 
3 shares General Adjustment Bureau, 
110 " New York Dock Co., preferred, . 

20 " Philadelphia Bourse, common, . 

15 " Philadelphia Bourse, preferred, . 
5 " Underwriters' Salvage Co. of N. Y., 
State and Municipal Bonds. 
Borough of Bethlehem, Pa., 4s, 1923-33, . 

Camden, N. J., 4s, 1912 

Duquesne, Pa., 4£s, 1923-33, . 

Georgia 3£s, 1927, 

Richmond, Va., 4s, 1926, .... 

Railroad Bonds. 
Allegheny Valley 4s, 1942, 
Allentown Terminal 4s, 1919, 
Altoona and Logan Valley Electric 4^s, 1933, 
American 5s, 1911, ..... 
Boston and Worcester Street 4^s, 1923, 
Camden and Suburban 5s, 1946, 
Connecticut Railway and Lighting 4^s, 1951, 
Detroit United 4£s, 1932, 
East McKeesport Street 5s, 1929, 
Fort Wayne and Wabash Valley Trac. 5s, 1934, 
Indianapolis Northern Traction 5s, 1932, 
Interstate 4s, 1943, . 

Lehigh Valley 4£s, 1940, .... 
Lehigh Valley 4$s, 1923, .... 
Lehigh Valley 4s, 2003, .... 
Lynchburg Traction and Light Co. 5s, 1931, 
Norfolk & Western 4s, 1944, 

Nor. & West. (Pocahontas C. and C. Co.) 4s, 1941 
People's Passenger 5s, 1910, 
People's Passenger 4s, 1943, 

Philadelphia, Wilmington & Baltimore 4s, 1921, 
Reading Co. (Jersey Central col.) 4s, 1951, . 
Roanoke Railway & Electric 5s, 1953, 
Southern Traction, Pittsburg, 5s, 1950, 
St. Louis Merchants' Bridge Terminal 5s, 1930, 
United R'ys & Investment, San Fran., 5s, 1926, 
United R'ys & Investment, San Fran., 4s, 1927, 
United Railways trust certificates, 4s, 1949, 
United Traction, Pittsburg, 5s, 1997, 



Book Value. 
$27,500 00 

150 00 

11,000 00 

1,000 00 

375 00 

500 00 

25.711 10 
30,558 00 
28,733 20 
9,925 00 
35,855 00 

51,275 00 
50,310 00 

9,400 00 
25,083 30 
23,200 50 
20,464 30 
24,937 50 
18,900 00 

8,544 48 
19,400 00 
14,362 50 
24,327 50 
25,115 86 
101,375 00 

9,800 00 
10,025 00 
19,540 00 
14,137 50 
10,474 29 
18,800 00 
29,400 00 
38,033 33 
20,050 00 
10.464 44 
25,312 40 
45,156 23 
20,281 25 
20,975 00 
19,900 00 



Rate. 
138| 

100 

83 

11 

12 
100 

100 

1001 

105i 

108f 

lOlf 

1021 
100 

98 
100 
102 
110 
102 

891 
102 

93 

94 

70 
1081 
106 

97i 

99 

96 

91* 
102 
100 
101 

95$ 

98 
101 
112 

91 

81f 

90 
112 



Market Value. 
$38,053 13 

150 00 

9,130 00 

110 00 

45 00 

500 00 

25.000 00 
30,150 00 
27,365 00 
10,862 50 
37,508 75 

51,250 00 
50,000 00 

9,800 00 
25,000 00 
23,460 00 
22,000 00 
25,500 00 
17,900 00 

8,160 00 
18,600 00 
14,100 00 
24,500 00 
27,125 00 
106,000 00 

9,725 00 

9,900 00 
19,200 00 
13,687 50 
10,200 00 
20,000 00 
30,300 00 
38,200 00 
19,600 00 
10,100 00 
28,000 00 
45,500 00 
20,437 50 
22,500 00 
22,400 00 



THE DELAWARE FIRE INSURANCE CO. OF DOVER. 



177 



Wabash-Pittsburg Terminal 1st mort. 4s, 1954, 
Wilmington & Northern 5s, 1932, 

Miscellaneous Bonds. 
Delano Land Co. 5s, 1932, 
Mortgage Trust Co. of Pennsylvania 4s, 1908, 
New York Dock Co. 4s, 1951, . 
Philadelphia Electric 5s, 1948, . 
Public Service Corporation of N. J. 5s, 1909, 
Suburban Gas Co. of Philadelphia 5s, 1952, 
Westinghouse Electric & Manuf. Co. 5s, 1913, 



Book Value. 


Rate. 


Market Value. 


$13,931 25 


80 


$12,000 00 


25,787 50 


101 


25,250 00 


30,393 75 


105 


31,500 00 


15,000 00 


90 


13,500 00 


11,000 00 


92 


10,120 00 


49,922 50 


98| 


49,125 00 


14,737 50 


96 


14,400 00 


15,352 02 


97 


14,550 00 


20,312 50 


103 


20,600 00 


$1,096,789 70 


$1,113,064 38 



THE DELAWARE FIRE INSURANCE COMPANY OF DOVER, DELA- 
WARE, DOVER, DEL. 

Incorporated 1897. Commenced business 1897. 

Paid-up Capital, $200,000. 

HARRY A. RICHARDSON, President. WILLIAM D. DENNEY, Secretary. 

Home Office, Corner State and Loockerman Streets. 

Income. 

Net fire premiums, $312,887 12 

Interest on mortgage loans, $882.50; collaterals, $249.11; stocks 

and bonds, $11,491.06; all other, $555.88, .... 

Profit on sale or maturity of railroad bonds, .... 



Total income, . . . 

Ledger assets, Dec. 31, 1905, .... 

Total, 

Disbursements. 
Net amount paid for fire losses, . . 

Interest and dividends to stockholders, . 
Commissions or brokerage, .... 

Salaries, fees, etc., of officers and employees, 
Rents, ....... 

Taxes and fees, ...... 

Legal expenses, ..... 

Advertising, printing, stationery and supplies, . 
Furniture and fixtures, ..... 

Postage, express and telegrams, 

All other disbursements, .... 

Total disbursements, .... 

Balance, ...... 



Mortgages, . 
Stocks and bonds (schedule A), 
Cash in banks and office, 
Agents' balances, . 

Total ledger assets, 



Ledger Assets. 



13,178 55 
1,158 33 

$327,224 00 
287,960 50 

$615,184 50 



$99,479 47 

5,000 00 

80,581 29 

14,298 41 

4,350 00 

3,902 51 

818 70 

4,485 75 

6,387 54 

1,017 83 

10,912 20 

$231,233 70 

$383,950 80 



$17,100 00 

274,901 67 

30,256 58 

61,692 55 

$383,950 80 



178 



THE DELAWAKE EIRE INSURANCE CO. OF DOVER. 



Non-Ledger Assets. 
Interest due and accrued : — 
On mortgages, $600; bonds, $1,325; other assets, $301.83, 



$2,226 83 



Gross assets, ..... 


. 


• 


$386,177 63 


Assets not admitted. 






Agents' balances over three months due, 
Book value of stocks and bonds over market value 
Total unadmitted assets, 


$284 68 
>, 12,076 67 


12,361 35 


Total admitted assets, 


$373,816 28 


Liabilities. 








Unpaid losses, $9,272.70; less reinsurance, $2.1 
Unearned premiums on outstanding risks, $151, 
on disallowed reinsurance, $390.18, 


496 . 74 ; plus same 
'. $212,659 39 


$9,269 97 
151,886 92 


All liabilities, except capital and surplus; 
Surplus to policy holders, 
Paid-up capital, ..... 
Surplus over capital and general liabilities, 


$161,156 89 

200,000 00 
12,659 39 


Total liabilities, .... 


. 


. 


$373,816 28 


Risks and Premii 

Fire risks outstanding Dec. 31, 1905, 
Fire risks written during 1906, 


JMS. 

$3,996,067 00 
28,505,857 00 


Premiums. 

$43,249 98 
388,540 08 


Total, . . 
Risks expired and terminated, 


$32,501,924 00 
10,289,346 00 


$431,790 06 
135,688 81 


In force at end of year, .... 
Amount reinsured, .... 


$22,212,578 00 
414,964 00 


$296,101 25 

4,877 90 


Net amount in force, 


. $21,797,614 00 


$291,223 35 


Miscellaneous 








Premiums received from organization of compa 
Losses paid from organization of company, 
Fire losses incurred during the year, 
Cash dividends declared from organization of c< 
Dividends declared during the year (2 . 5 per ce 
Company's stock owned by directors, 


ny, • 

)mpany, 
at.), . ' . 




$513,760 00 

267,142 00 

99,740 00 

17,500 00 

5,000 00 

132,100 00 


Schedule A. Stocks and Bonds oy 


/"NED BY THE 


Company. 


Bank Stocks. 

79 shares Farmers-Delaware, .... 

6 " First National, Dover, Del, . . . 


Book Value. 

$10,862 50 

1,350 00 


Rate. 

275 
300 


Market Value. 

$10,862 50 

1,800 00 


County and Municipal Bonds. 
Dover, Del., 4s,' 1909-op. 1904, .... 
Kent County, Del., 4s, 1913, . 
New York, N. Y., 3£s, 1937, .... 

New York, N. Y., 3|s, 1925, 

New York, N. Y., 3*3, 1954, .... 
New York, N. Y., 3£s, 1954, .... 


10,139 17 
15,000 00 
49,625 00 
49,625 00 
14,868 75 
44,606 25 


100 

101* 
93 
04} 
0l| 
Olf 


10,000 00 
15,187 50 
46,500 00 
47,437 50 
13,706 25 
41,118 75 


Railroad Bonds. 
Chattanooga 5s, 1956, ..... 


10,000 00 


99£ 


9,950 00 



THE DETROIT FIRE AND MARINE INSURANCE CO. 



179 



Lehigh Valley 4s, 2003, .... 
Louisville & Nashville 4s, 1923, 
Market Street Elevated 4s, 1955, 
Minneapolis & St. Louis 5s, 1911, 

Miscellaneous Bonds. 
International Navigation Co. 5s, 1929, 
National Electrolytic Co. 5s, 1919, 
Niagara Falls Hydraulic Power Co. 5s, 1917, 
Niagara Falls Power Co. 5s, 1932, 



Book Value. 


Rate. 


Market Value. 


$5,000 00 

10,000 00 

5,000 00 

9,900 00 


97£ 
96 
99 
98^ 


$4,862 50 
9,600 00 
4,950 00 
9,850 00 


10,000 00 
9,000 00 

10,000 00 
9,925 00 


86 

85 

100 

99 


8,600 00 

8,500 00 

10,000 00 

9,900 00 


$274,901 67 


$262,825 00 



THE DETROIT FIRE AND MARINE INSURANCE COMPANY, 

DETROIT, MICH. 

Incorporated Feb. 1, 1866. Commenced business March 14, 1866. 

Paid-up Capital, $500,000. 
E. H. BUTLER, President. A. H. McDONELL, Secretary. 

Home Office, 91 Griswold Street. 

Income. 
Net fire premiums, $515,203.22; marine, $73,039.72, . $588,242 94 

73,059 25 

2,815 70 

1,038 09 

750 00 

$665,905 98 
1,629,695 63 

12,295,601 61 



Interest on mortgage loans, $36,114.62; collaterals, $945.09, 
bonds, $19,743.49; all other, $16,256.05, . . . . 

Rents, .......... 

Profit on sale of real estate, ....... 

Increase in book value of bonds, ...... 

Total income, . . . . . . • . 

Ledger assets, Dec. 31, 1905, . . 

Total, 

Disbursements. 

Net amount paid for fire losses, $197,457 . 59 ; marine, $43,210 . 50, 
Interest and dividends to stockholders, . 
Commissions or brokerage, .... 

Salaries, fees, etc., of officers and employees, 
Rents, ....... 

Repairs and expenses on real estate, 

Real estate taxes, $900.07; other taxes and fees, $17,173.58, 

Loss on sale of real estate, .... 

Printing, stationery, etc., .... 

Agents' balances charged off, .... 

Profit and loss, ...... 

Reduction in book value of ledger assets, 

Total disbursements, .... 

Balance, ...... 

Ledger Assets. 

Real estate, $257,527.88; mortgages, $634,399.58, . 
Loans secured by collateral (50 shares Wayne County, Mich., 
Savings Bank; 42 shares American Exchange National Bank, 
Detroit, Mich.), ........ 

Bonds (schedule A), . . . . 

Cash in banks and office, ....... 

Agents' balances, ......... 



$240,668 09 

50,000 00 

117,697 79 

37,930 79 

3,000 00 

1,562 37 

18,073 65 

418 60 

27,329 03 

228 13 

1,595 30 

23,598 55 

$522,102 30 

1,773,499 31 

$891,927 46 



14,200 00 

683,114 97 

80,294 46 

88,217 74 



180 



THE DETROIT EIRE AND MARINE INSURANCE CO. 



Due from other companies, . . . 

Salvage, . . . 

Total ledger assets, . . , . . . 

Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $9,380.19; bonds, $9,498.23; on collateral loans, 

$32.90; other assets, $1,294.28, 

Market value of bonds over book value, ..... 

Gross assets, ......... 

Assets not admitted. 

Agents' balances over three months due, . $5,693 09 

Due from unauthorized company, . . . 1,852 94 

Salvage, . . . . ' . ■ . . 6,001 26 

Total unadmitted assets, . . . 

Total admitted assets, ...... 

Liabilities. 

Unpaid losses, including $11,185 resisted, $82,014.20; less rein- 
surance, $9,150.48, . . 

Unearned premiums on outstanding risks, $433,365.23; plus 
same on disallowed reinsurance, $150, ..... 



59,743 42 
6,001 26 



,773,499 31 



20,205 60 
9,440 61 

.,803,145 52 



All liabilities, except capital and surplus, . 
Surplus to policy holders, .... 

Paid-up capital, ...... 

Surplus over capital and general liabilities, 



.,283,219 28 



Total liabilities, 



Fire risks outstanding Dec. 31, 1905, 
Fire risks written during 1906, 



- 13,547 29 
$1,789,598 23 

$72,863 72 

433,515 23 

$506,378 95 

500,000 00 
783,219 28 

1,789,598 23 



Risks and Premiums. 

Premiums. 

$55,229,731 00 $637,174 48 
55,778,641 00 666,795 39 



Total, 

Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, 

Net amount in force, 

Marine risks outstanding Dec. 31, 1905, 
Marine risks written during 1906, . 

Total, 

Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, 

Net amount in force, 



111,008,372 00 $1,303,969 87 
41,706,487 00 501,309 43 



,301,885 00 $802,660 44 
4,680,039 00 53,445 25 



,621,846 00 $749,215 19 



51,066,461 00 $35,226 66 
9,099,554 00 78,056 30 



,166,015 00 $113,282 96 
9,043,467 00 70,582 90 



,122,548 00 $42,700 06 
120,500 00 2,269 94 



$1,002,048 00 $40,430 12 



THE DETROIT FIRE AND MARINE INSURANCE CO. 



181 



Miscellaneous. 

Premiums received from organization of company, . 

Losses paid from organization of company, 

Fire losses incurred during the year, 

Inland marine losses incurred during the year, . 

Cash dividends declared from organization of company, 

Stock dividends declared from organization of company, 

Dividends declared during the year (10 per cent.), 

Company's stock owned by directors, 

Schedule A. Bonds owned by the Company 



$10,180,663 00 

5,158,629 00 

208,242 00 

51,939 00 

1,328,500 00 

350,000 00 

50,000 00 

107,100 00 



Government Bonds. 
United States 2s, 19,30, 

State and Municipal Bonds 
Arizona 4s, 1956 op. 1926, 
Detroit, Mich., 4s, 1921, 
" , 3*s, 1929, 

, 3*s, 1930, 

, 4s, 1922, 

, 3*s, 1916, 

, 3*s, 1911, 

, 3.65s, 1918, 

, 4s, 1919, 

, 4s, ] 920, 

, 4s, 1922, 

, 4s. J 924, 

, 4s, 1926, 

, 4s, 1924, 

, 3*s, 1932, 

, 3*s, 1926, 

, 3*s, 1927, 



Detroit 
Detroit 
Detroit 
Detroit 
Detroit 
Detroit 
Detroit 
Detroit 
Detroit 
Detroit 
Detroit 
Detroit 
Detroit 
Detroit 
Detroit 



Mich 

Mich 

Mich 

Mich. 

Mich. 

Mich. 

Mich. 

Mich. 

Mich. 

Mich. 

Mich. 

Mich. 

Mich 

Mich. 

Mich 
Hawaii 4s, 1908, 
Hawaii 3*s, 1921, . 
Saginaw, Mich., 4s, 1907, 
Mich., 4s, 1908, 
Mich., 4s, 1909, 
Mich., 4s, 1910, 
Mich., 4s, 1911, 
Mich., 4s, 1912, 
Mich., 4s, 1913, 
Mich., 4s, 1914, 
Mich., 4s, 1915, 
Mich., 4s, 1907, 
Mich., 4s, 1908, 
Mich., 4s, 1909, 
Mich., 4s, 1910, 
Mich 
Mich 
Mich 
Mich 



Saginaw 
Saginaw 
Saginaw 
Saginaw 
Saginaw 
Saginaw 
Saginaw 
Saginaw 
Saginaw 
Saginaw 
Saginaw 
Saginaw 
Saginaw 
Saginaw 
Saginaw 
Saginaw 
Saginaw 
Saginaw 
Saginaw 
Saginaw 
Saginaw 
Saginaw 
Saginaw 
Saginaw 
Saginaw 
Saginaw 
Saginaw 
Saginaw 
Saginaw 
Saginaw 
Saginaw 
Saginaw 
Saginaw 
Saginaw 



4s, 1911, 
4s, 1912, 
4s, 1913, 
4s, 1914, 
Mich., 4s, 1915, 
Mich., 3*s, 1907, 
Mich., 3*s, 1908, 
Mich., 3*s, 1909, 
Mich., 3*s, 1910, 
Mich., 3*s, 1911, 
Mich., 3*s, 1912, 
Mich., 3*s, 1913, 
Mich., 3*s, 1914, 
Mich., 3*s, 1915, 
Mich., 4s, 1907, . 
Mich., 4s, 1908, . 
Mich., 4s, 1909, . 
Mich., 4s, 1910, . 
Mich., 4s, 1911, . 
Mich., 4s, 1912, . 
Mich., 4s. 1913, . 
Mich., 4s, 1914, . 



Book Value. 
$52,500 00 

26,687 50 

10,565 00 

9,000 00 

22,000 00 

26,492 50 

38,000 00 

30,000 00 

3.060 00 

47J299 50 

42,136 00 

37,054 50 

61,729 40 

26,740 00 

10,643 00 

52,000 00 

12,000 00 

8,000 00 

4,020 00 

57,000 00 

357 24 

357 

357 

357 

357 

357 

357 

357 

357 

1,018 

1,018 

1,018 

1,018 

1,018 

1,018 

1,018 

1,018 

2,551 

500 

500 

500 

500 

500 

500 

500 

500 

500 

1,018 

1,018 

1,018 

1,018 

1,018 

1,018 

1,018 

1,018 



24 
24 
24 
24 
25 
25 
25 
25 
50 
50 
50 
50 
50 
50 
50 
50 
37 
00 
00 
00 
00 
00 
00 
00 
00 
00 
50 
50 
50 
50 
50 
50 
50 
50 



Rate. 
104* 

94X 
108f 
103| 
104 
108| 
102 
101 
103f 
107f 
107| 
108! 
1091 
110* 
109| 
104* 
103* 
103f 
101 
100 
100 
100 
100 
100 
100£ 
100* 
101 

ioi! 

101* 

100 

100 

100 

100 

100* 

100$ 

101 

ioi! 

101* 

100 
99* 
99 
98* 
98* 
98* 
98 
98 
97! 

100 

100 

100 

100 

100* 

100* 

101 

ioi! 



Market Value. 
552,250 00 

23,718 75 

10,837 50 

9,348 75 

22,880 00 

27,218 75 

38,760 00 

30,300 00 

3,112 50 

48,318 75 

43,150 00 

38,106 25 

63,655 00 

27,625 00 

10,975 00 

54,210 00 

12,420 00 

8,290 00 

4,040 00 

57,000 00 

350 00 

350 

350 

350 

351 

352 

353 

353 

354 38 

1,000 00 

1,000 

1,000 

1,000 

1,005 

1,007 

1,010 

1,011 

2,531 

500 

497 

495 

493 

492 

491 

490 

490 

489 

1,000 

1,000 

1,000 

1,000 

1,005 

1,007 

1,010 

1,011 



00 
00 
00 
75 
63 
50 
94 



00 
00 
00 
00 
50 
00 
25 
25 
00 
50 
00 
75 
50 
25 
00 
00 
38 
00 
00 
00 
00 
00 
50 
00 
25 



182 



DIXIE FIRE INSURANCE CO. 



Miscellaneous Bonds. 
Adams Transportation Co. 5s, 1907, 
Adams Transportation Co. 5s, 1908, 
American Steamship Co. 5s, 1907, 
Bliss Cook Oak Co. 6s, 1908, 
Bliss Cook Oak Co. 6s, 1909, 
Bliss Cook Oak Co. 6s, 1911, 
Bliss Cook Oak Co. 6s, 1909, 
Bliss Cook Oak Co. 6s, 1910. 
Detroit City Gas Co. 5s, 1923, 
Kellar Transit Co. 5s, 1910, 
Lakewood Steamship Co. 5s, 1912, 
Lakewood Steamship Co. 5s, 1913, 
Minerva Steamship Co. 5s, 1910, 
Monroe Transportation Co. 5s, 1907, . 
Peninsular Sugar Refining Co. 5s, 1910, 
Port Blakely Mills Co. 6s, 1908, 
Port Blakely Mills Co. 6s, 1909, 
Stewart Transportation Co. 5s, 1911, 
Yosemite Steamship Co. 5s, 1915, 
Yosemite Steamship Co. 5s, 1916, 
Yosemite Steamship Co. 5s, 1917, 



Book Value. 


Rate. 


Market Value. 


$4,000 


00 


100 


$4,000 00 


4,000 


00 


100 


4,000 00 


4,000 


00 


100 


4,000 00 


1,000 


00 


1001 


1,005 00 


1,000 


00 


102 


1,020 00 


3,000 


00 


103 


3,090 00 


3,000 


00 


102 


3,060 00 


2,000 


00 


103 


2,060 00 


9,875 


00 


99 


9,900 00 


1,000 


00 


100 


1,000 00 


5,000 


00 


100 


5,000 00 


2,000 


00 


100 


2,000 00 


5,000 


00 


100 


5,000 00 


5,000 


00 


100 


5,000 00 


5,000 


00 


100 


5,000 00 


2,500 


00 


100 


2,500 00 


2,500 


00 


100 


2,500 00 


10,000 


00 


100 


10,000 00 


3,000 


00 


100 


3,000 00 


4,000 


00 


100 


4,000 00 


3,000 


00 


100 


3,000 00 


$683,114 


97 


$692,555 58 



DIXIE FIRE INSURANCE COMPANY, GREENSBORO, N. C. 

Incorporated March, 1906. Commenced business September, 1906. 

Paid-up Capital, $500,000. 
JAS. B. BLADES, President. JAS. F.'COBB, Secretary 

Home Office, 125 South Elm Street. 

Income. 
Net fire premiums, ....... 

Interest on bonds, $3,333.77; all other, $4,083.98, . 
Premium on capital, ....... 



$171,251 41 

7,417 75 

250,000 00 



Total income, . . 

Ledger assets, September, 1906, 

Total, ....... 

Disbursements. 
Net amount paid for fire losses, 
Commissions or brokerage, 
Salaries, fees, etc., of officers and employees, 
Taxes and fees, ..... 

Organization expenses, .... 

Advertising, printing and stationery, 
Furniture and fixtures, .... 

Maps, ...... 

Postage, express, telegrams and telephone, etc 
Commercial reports, .... 

Traveling expenses, .... 

All other disbursements, 

Total disbursements, 

Balance, ..... 



Bonds (schedule A), 
Cash in banks and office, 



Ledger Assets. 



$428,669 16 
500,000 00 

$928,669 16 



$2,903 05 
45,752 04 
5,396 85 
4,811 29 
2,629 89 
4,439 48 
1,524 52 

270 00 
1,216 69 

425 00 
1,437 52 

428 79 

$71,235 12 

$857,434 04 

$442,770 42 
329,049 77 



DIXIE FIRE INSURANCE CO. 



183 



Agents' balances, 



$85,613 85 



Total ledger assets, 

Non-Ledger Assi 
Interest due, ..... 
Printing, stationery, furniture and fixtures, 


ETS. 
TED. 

$5,820 16 
6,666 35 
4,770 42 


$857,434 04 

2,005 96 
5,820 16 


Gross assets, ..... 

Assets not admii 

Printing, stationery, furniture and fixtures, 
Special deposits less $4,433 . 65 liability thereon, 
Book value of bonds over market value, 
Total unadmitted assets, 


$865,260 16 
17,256 93 


439 . 67 ; less rein- 
or accrued, 

$736,170 18 

UMS. 

. $12,709,762 00 
1,200,863 00 

. $11,508,899 00 
222,015 00 


Total admitted assets, 

Liabilities. 

Unpaid losses, including $694.43 resisted, $12, 

surance, $3.37, . 
Unearned premiums on outstanding risks, 
Salaries and other miscellaneous expenses, due 


$848,003 23 

$12,436 30 

99,096 75 

300 00 


All liabilities, except capital and surplus, 
Surplus to policy holders, 
Paid-up capital, ..... 
Surplus over capital and general liabilities, 


$111,833 05 

500,000 00 
236,170 18 


Total liabilities, .... 

Risks and Premi 

Fire risks written during 1906, 
Risks expired and terminated, 


$848,003 23 

Premiums. 

$196,538 17 
14,493 02 


In force at end of year, .... 
Amount reinsured, .... 


$182,045 15 
3,750 64 


Net amount in force, .... $11,286,884 00 

Miscellaneous. 
Premiums received from organization of company, . 
Losses paid from organization of company, .... 
Fire losses incurred during the year, ..... 
Company's stock owned by directors, ..... 

Schedule A. Bonds owned by the Company. 

Government Bonds. Book Value. Rate. 
Philippine Islands 4s, 1934, . . . . $89,324 45 109 
Philippine Islands 4s, 1934, .... 22,531 11 109 
United States 2s, 1930, . . . . 104,375 00 104£ 
United States 2s, 1930, . • . . . - . 104,406 25 104^ 
United States (P. I.) 4s, 1934, .... 33,299 17 109 

United States 4s, 1936, 22,199 44 109| 

State and Municipal Bonds. 

Georgia 4£s, 1915, 11,260 00 111 

Manilla, P. I., 4s, 1935, op. 1915, . . . 55,375 00 108* 


$178,294 51 

$196,538 00 

2,903 00 

14,497 00 

252,900 00 

Market Value. 

.$87,200 00 

21,800 00 

104,500 00 

104,500 00 

32,700 00 

21,950 00 

11,100 00 
54,250 00 



$442,770 42 



$438,000 00 



184 



DUTCHESS FIRE INSURANCE CO. 



DUTCHESS FIRE INSURANCE COMPANY, POUGHKEEPSIE, N. Y. 

', Incorporated Aug. 18, 1906. Commenced business Aug. 22, 1906. 
Paid-up Capital, $200,000. 
L. H. VAIL, President. J. J. GRAHAM, Secretary. 

Home Office, 89 Market Street. 



Income. 
93; stocks and bonds, $5,012.48, 



Net fire premiums, 
Interest on mortgage loans, 

Total income, ..... 

Ledger assets, Aug. 22, 1906, .... 

Total, 

Disbursements. 

Net amount paid for fire losses, 

Commissions or brokerage, .... 

Salaries, fees, etc., of officers and employees, 
Rents, ....... 

Taxes and fees, . . 

Legal expenses, . . . 

Advertising, printing and stationery, 

Postage, express and telegrams, 

Traveling expenses, ..... 

All other disbursements, .... 

Total disbursements, .... 

Balance, ...... 

Ledger Assets. 
Mortgages, ....... 

Stocks and bonds (schedule A), 

Cash in banks and office, .... 

Agents' balances, ...... 

Total ledger assets, .... 

Non-Ledger Assets. 
Interest accrued : — 
On mortgages, $134.67; bonds, $1,776.62, 
Market value of stocks and bonds over book value, 

Gross assets, . . .... 

Liabilities. 

Unpaid losses, including $800 resisted, $24,180.62; less rein- 
surance, $1,143.82, . . . _ . 
Unearned premiums on outstanding risks, 
Due for reinsurance, . . . 

All liabilities, except capital and surplus, .... 
Surplus to policy holders, .... $241,511 59 



$361,221 88 
5,017 41 





$366,239 29 


• 


200,000 00 


• 


$566,239 29 




$23,841 07 




33,251 84 




1,873 33 




150 00 




1,369 18 




300 00 




1,066 60 




647 40 




342 81 




15 07 




$62,857 30 




$503,381 99 




$7,600 00 


. . . 


404,792 64 


. 


52,773 88 


. 


38,215 47 


. 


$503,381 99 




1,911 29 


. 


802 36 


. 


$506,095 64 


; less rein- 




. . • 


$23,036 80 


. . . 


241,456 35 


• 


90 90 



$264,584 05 



DUTCHESS FIRE INSURANCE CO. 



185 



Paid-up capital, ..... 
Surplus over capital and general liabilities, 

Total liabilities, .... 



$200,000 00 
41,511 59 

$506,095 64 



Risks and Premiums. 

Premiums. 

Fire risks written during 1906, . . . $51,898,446 00 *$552,089 04 

Risks expired and terminated, . . . 7,819,249 00 46,806 26 



In force at end of year, . 
Amount reinsured, 

Net amount in force, 



$44,079,197 00 
603,827 00 



$505,282 78 
9,677 97 



$43,475,370 00 $495,604 81 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, 
Fire losses incurred during the year, 
Company's stock owned by directors, 



$361,222 00 

23,841 00 

46,584 00 

116,500 00 



Schedule A. Stocks and Bonds owned by the Company. 



Railroad Stocks. 
200 shares Baltimore & Ohio, common, 
100 " Erie, first preferred, .... 
100 " Louisville & Nashville, 
200 " Pennsylvania, ..... 
Bank Stocks. 
10 shares Fallkill National, Poughkeepsie, N. Y., 
20 " Farm. & Mfrs. N'l, Poughkeepsie, N. Y., 
10 " Merchants' Nat'l, Poughkeepsie, N. Y., 
Miscellaneous Stocks. 
100 shares American Express Co., 
150 " General Electric Co., 
100 " National Lead Co., preferred, 

Municipal Bonds. 
Buffalo, N. Y., 3*s, 1920, . 
Long Island, N. Y., 4*s, 1914, 
New York, N. Y., 3*s, 1910 



New York, N. Y., 3*s 
New York, N. Y., 3*s 
New York, N. Y., 3*s 
New York, N. Y., 3*s 
New York, N. Y., 3s, 
New York, N. Y., 3*s 
New York, N. Y., 3*s 
New York, N. Y., 3*s 
New York, N. Y., 3*s 
New York, N. Y., 3*s 
New York, N. Y., 3*s 
New York, N. Y., 3*s 
New York, N. Y., 3*s 
New York, N. Y., 3*s 
New York, N. Y., 3*s 
New York, N. Y., 3*s 



1920, 
1920, 
1920, 
1922, 
1923, 
1926, 
1927, 
1928, 
1928, 
1929, 
1940, 
1940, 
1940, 
1940, 
1941, 
1953, 



Poughkeepsie, N. Y., 3s, 1907-1930, 
Poughkeepsie, N. Y., 3*s, 1923, 

Railroad Bonds. 
Chesapeake & Ohio 4*s, 1992, . 
Detroit United 4*s, 1932, . 
Iowa Central 5s, 1938, 
Lake Erie & Western 5s, 1941, . 



Book Value. 

$23,600 00 

7,550 00 

14,700 00 

13,700 00 

1,500 00 
4,000 00 
1,500 00 

23,500 00 
25,500 00 
10,100 00 

18,900 00 
5,187 50 
3,940 00 
9,600 00 

28,800 00 

19,200 00 

2,865 00 

2,707 25 

1,914 39 

1,890 00 

4,725 00 

3,780 00 

9,430 00 

7,440 00 

3,720 

930 

930 

927 

4,625 

40,661 



00 
00 
00 
50 
00 
00 



9,395 00 

5,362 50 

4,700 00 

10,900 00 

11,075 00 



Rate. 
119* 

75 
143* 
138| 

160 
220 
150 

240 
160 
102* 

98 
104 
98* 
96 
96 
96 
95* 
89f 
94| 
94* 
94i 
94* 
94* 
92f 
92* 
92f 
92| 
92* 
91* 
91f 
95i 

103f 
89* 
112 
110 



Market Value. 

S23,900 00 

7,500 00 

14,312 50 

13,837 50 

1,600 00 
4,400 00 
1,500 00 

24,000 00 
24,000 00 
10,250 00 

19,600 00 

5,200 00 

3,940 00 

9,600 00 
28,800 00 
19,200 00 

2,865 00 

2,681 

1,892 

1,890 

4,712 

3,770 

9,412 

7,410 

3,705 
926 
926 
925 

4,575 
42.032 



25 
50 
00 
50 
00 
50 
00 
00 
25 
25 
00 
00 
50 



9,525 00 

5,181 25 

4,475 00 

11,200 00 

11,000 00 



* Includes all premiums of the Dutchess Insurance Company in force at time of reinsurance 
and on which this company carries the same liability for unearned premiums which the old Dutchess 
would have maintained had it retained the risks. 



186 



THE EAGLE FIRE COMPANY OF NEW YORK. 



Lehigh & Wilkesbarre Coal Co. 4^s, 1910, . 
St. Louis, Iron Mountain & Southern 5s, 1931, 
Southern Pacific (Central Pacific coll.) 4s, 1949, . 
Tennessee Coal, Iron & R.R. 5s, 1951, 
West Pennsylvania 5s, 1931, 

Miscellaneous Bonds. 
American Writing Paper Co. 5s, 1919, 
Brooklyn Union Gas Co. 5s, 1945, 
Chicago Gas Light & Coke Co. 5s, 1937, 
Poughkeepsie Electric Light & Power Co. 5s, 1914, 
Western Union Telegraph Co. 4^s, 1950, 



Book Value. 


Rate. 


Market Value. 


$5,075 00 


99 


$4,950 00 


11,412 50 


113£ 


11,350 00 


9,200 00 


89 


8,900 00 


4,750 00 


96 


4,800 00 


5,050 00 


99 


4,950 00 


4,250 00 


87 


4,350 00 


5,350 00 


106i 


5,325 00 


10,400 00 


104 


10,400 00 


4,900 00 


97 


4,850 00 


5,150 00 


99£ 


4,975 00 


$404,792 64 


$405,595 00 



THE EAGLE FIRE COMPANY OF NEW YORK, NEW YORK, N. Y. 

Incorporated April 22, 1806. Commenced business Aug. 6, 1806. 

* Paid-up Capital, $300,000. 
THEO. H. PRICE, President. CHAS. R. WATSON, Secretary. 

Home Office, 82 Beaver Street. 

Income. 
Net fire premiums, ....... 

Interest on collaterals, $236.11; stocks and bonds, $13,090.47 

all other, $14,501.48, . ' . 

Rents, ..... 

Profit on sale of stocks and bonds, . 
Cash deposited in lieu of agents' bond, 
Premium on increase in capital, 



,914. 



82, 



Total income, ....... 

Ledger assets, Dec. 31, 1905, plus $600,000 increase of capital, 

Total, . 

Disbursements. 
Net amount paid for fire losses, 
Commissions or brokerage, .... 

Salaries, fees, etc., of officers and employees, 
Rents, ....... 

Repairs and expenses on real estate, 

Real estate taxes, $723 . 26 ; other taxes and fees, $23 

Loss on sale of stocks, . . 

Printing, stationery and supplies, . 

Advertising and newspapers, .... 

Furniture and fixtures, ..... 

Maps, surveys and inspections, 

Profit and loss, ...... 

Traveling expenses, ..... 

All other disbursements, .... 

Total disbursements, .... 

Balance, ...... 



$475,276 66 

27,828 06 
1,999 98 

23,751 18 

1,000 00 

150,000 00 



$679,855 88 
1,621,951 .63 

$2,301,807 51 



$698,225 74 

110,707 48 

58,715 96 

4,866 72 

557 28 

24,638 08 

4,229 00 

11,888 95 

3,224 93 

1,866 11 

8,414 11 

291 98 

12,475 31 

13,801 26 

$953,902 91 

$1,347,904 60 



* Cash capital Dec. 31, 1905, 
Increase of capital during 1906, 



Total, 

Decrease in cash capital during 1906 without distribution of assets, 

Cash capital Dec. 31, 1906, 



$300,000 00 
600,000 00 

$900,000 00 
600,000 00 

$300,000 00 



THE EAGLE FIRE COMPANY OF NEW YORK. 



187 



Ledger Assets. 
Real estate, ....... 

Stocks and bonds (schedule A), 

Cash in banks and office, .... 

Agents' balances, ...... 

Total ledger assets, .... 

Non-Ledger Assets. 
Interest accrued on bonds, .... 
Market value of real estate over book value, 
Due from other companies, .... 

Gross assets, ...... 

Assets not admitted. 

Agents' balances over three months due, . 
Special deposits less $10,190 . 68 liability thereon, 
Book value of stocks and bonds over market value, 
Due from unauthorized company, . 
Total unadmitted assets, 

Total admitted assets, ....... 

Liabilities. 
Unpaid losses, including $8,507.98 resisted, $235,759.52; less 

reinsurance, $25,137.80, 
Unearned premiums on outstanding risks, 
Dividends due stockholders, . 

Salaries and other miscellaneous expenses, due or accrued, 
Due for reinsurance, .... 
Cash deposited in lieu of agents' bond, 



$56,000 00 

491,323 62 

746,402 06 

54,178 92 

$1,347,904 60 



3,005 00 
9,000 00 
7,561 77 

,367,471 37 



$269 96 
834 32 

4,113 62 
246 36 



5,464 26 



All liabilities, except capital and surplus, 
Surplus to policy holders, 
Paid-up capital, ..... 
Surplus over capital and general liabilities, 



$763,807 82 



Total liabilities, 



Fire risks outstanding Dec. 31, 1905, 
Fire risks written during 1906, 



,362,007 11 



$210,621 72 

370,469 49 

2,826 24 

12,500 00 

781 84 

1,000 00 

$598,199 29 

300,000 00 

463,807 82 

1,362,007 11 



Risks and Premiums. 

Premiums. 

$41,639,755 00 $548,486 15 
68,887,194 00 875,057 41 



Total, . 
Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, 

Net amount in force, 



$110,526,949 00 $1,423,543 56 
53,436,748 00 701,721 03 



$57,090,201 00 $721,822 53 
7,608,693 00 89,453 24 



$49,481,508 00 $632,369 29 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, 



$10,339,563 00 
. 5,259,998 00 



188 



EASTERN FIRE INSURANCE CO. 



Fire losses incurred during the year, 

Cash dividends declared from organization of company, 

Company's stock owned by directors, 



Railroad Stocks. 
10 shares Delaware & Hudson, 
100 " Lake Shore & Michigan Southern, 
1,000 " Sterling Iron & R'y Co. of N. Y., 

Bank Stocks. 
50 shares Bank of New York, 
100 " Mutual Alliance Trust Co., N. Y., 
25 " Phenix National, N. Y., . 

Miscellaneous Stocks. 
7 shares American Express Co., N. Y., . 
500 " Consolidated Gas Co., N. Y., . 
200 " Inter. Mer. Marine Co., N. J., pref., 
300 " The Mackay Co.'s, preferred, . 
100 " The Mackay Co.'s, common, 

State Bonds. 
Georgia 4*s, 1915, ..... 

Georgia 3*s, 1930, 

Railroad Bonds. 
Canada Southern 5s, 1913, 
Chicago, Great Western 5s, 1909, 
Florida Southern 4s, 1945, 

Minneapolis, St. Paul & Sault St. Marie 4s, 1938, 
Missouri, Kan. & Texas 1st mortgage 4s, 1990, 
Mobile & Ohio (St. Lo. & Cairo Div.) 4s, 1930, 
Southern R'y (Mobile & Ohio coll.) 4s, 1938, 
Wabash 4*s, 1910, 

Miscellaneous Bonds. 
Consolidated Indiana Coal Co. 5s, 1935, 
La Crosse, Wis., Gas & Electric Co. 5s, 1921, 
N. Y. & Westchester Light Co. 4s, 2004, 



. 


. 


. 


$855,376 00 


of company 






5,298,808 
209,150 


00 

00 


J OWNED BY THE 


COMP 


ANY. 




Book Value. 


Rate. 


Market Value. 


$2,200 


00 


222 


$2,220 


00 


27,500 


00 


335 


33,500 


00 


100,000 


00 


112 


112,000 


00 


16,006 


25 


315 


15,750 


00 


21,500 


00 


210 


21,000 


00 


875 


00 


160 


800 


00 


1,725 


50 


240 


1,680 


00 


84,837 


50 


138 


69,000 


00 


6,050 


00 


30 


6,000 


00 


21,487 


50 


68* 


20,550 


00 


7,150 


00 


70* 


7,050 


00 


5,687 


50 


111 


5,550 


00 


5,512 


50 


109* 


5,475 


00 


12,525 


00 


103 


12,360 


00 


10,000 


00 


100 


10,000 


00 


26,260 


00 


97 


26,190 


00 


25,250 


00 


99* 


24,875 


00 


15,206 


25 


97* 


14,625 


00 


15,037 


50 


91* 


13,725 


00 


7,810 


00 


94 


7,520 


00 


24,671 


87 


97 


24,250 


00 


24,781 


25 


99 


24,750 


00 


2,000 


00 


97 


1,940 


00 


27,250 


00 


88 


26,400 


00 


$491,323 


62 


$487,210 


00 



EASTERN FIRE INSURANCE COMPANY, ATLANTIC CITY, N. J. 

Incorporated Oct. 4, 1902. Commenced business Oct. 21, 1902. 

Paid-up Capital, $200,000. 

ARVINE H. PHILLIPS. President. J. HAINES LIPPINCOTT, Secretary. 

Home Office, Corner Atlantic and N. North Carolina Avenues. 

Income. 
Net fire premiums, ........ $239,593 13 

Interest on mortgage loans, $12,971.09; collaterals, $1,239.66; 

bonds, $5,650; all other, $749.79, 20,610 54 



Total income, ..... 

Ledger assets, Dec. 31, 1905, .... 

Total, . . . . . . n . 

Disbursements. 
Net amount paid for fire losses, 
Interest and dividends to stockholders, . 
Commissions or brokerage, .... 

Salaries, fees, etc., of officers and employees, 
Rents, ....... 

Taxes and fees, ...... 

Advertising, printing and stationery, 



$260,203 67 
449,111 49 

$709,315 16 



$109,448 21 
18,000 00 
96,216 51 
4,620 00 
1,000 00 
1,418 89 
1,074 58 



EASTERN EIRE INSURANCE CO. 



189 



Furniture and fixtures, ..... 
All other disbursements, .... 

Total disbursements, .... 

Balance, . . ... 

Ledger Assets. 
Mortgages, ....... 

Loans secured by collateral (schedule A), 

Bonds (schedule B), . 

Cash in banks and office, 

Agents' balances, ...... 

Total ledger assets, ....... 

Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $2,474.47; bonds, $2,793.75; other assets, 

$366.80, 

Market value of bonds over book value, ..... 

Gross assets, . . 

Assets not admitted. 
Agents' balances over three months due, .... 

Total admitted assets, ....... 

Liabilities. 

Unpaid losses, $86,002.66; less reinsurance, $1,074.26, 
Unearned premiums on outstanding risks, .... 

Due for reinsurance, ........ 



$140 50 
1,364 16 



All liabilities, except capital and surplus, 
Surplus to policy holders, . . 

Paid-up capital, ..... 
Surplus over capital and general liabilities, 



$250,664 27 



Total liabilities, 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1905, 
Fire risks written during 1906, 

Total, 

Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, 

Net amount in force, 



$14,363,874 00 
22,779,140 00 

$37,143,014 00 
17,140,187 00 

$20,002,827 00 
567,187 00 



$233,282 85 
$476,032 31 



$191,350 00 

20,500 00 

148,500 00 

72,792 66 

42,889 65 

$476,032 31 



5,635 02 
234 38 

$481,901 71 



817 33 



$481,084 38 



$84,928 40 

144,380 72 

1,110 99 

$230,420 11 

200,000 00 
50,664 27 

$481,084 38 



Premiums. 

$202,824 22 
298,944 24 

$501,768 46 
231,791 59 

$269,976 87 
7,820 92 



$19,435,640 00 $262,155 95 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, 
Fire losses incurred during the year, 



$618,508 00 
225,635 00 
176,136 00 



190 



EMPIRE CITY FIRE INSURANCE 06. 



Cash dividends declared from organization of company, 

Dividends declared during the year (9 per cent.), 

Company's stock owned by directors, ..... 

Schedule A. Securities held as Collateral. 

Company's 
Market Value. 



50 shares Marine Trust Co., Atlantic City, N. J., 
200 " W. Jersey Title & Guar. Co., Atlantic City, N. J., 
13 " Second National Bank, Atlantic City, N. J., 
27 " Atlantic Safe Dep. & Tr. Co., Atlantic City, N. J., 



$8,500 00 

11,000 00 

3,900 00 

10,800 00 



$60,000 00 
18,000 00 
45,033 00 



Loaned 
Thereon. 

$5,000 00 
10,000 00 

5,500 00 



$34,200 00 $20,500 00 



Schedule B. Bonds owned by the Company. 



County and Municipal Bonds. 
Atlantic City, N. J., 4s, 1921, . 
Atlantic City, N. J., 4s, 1908, . 
Atlantic City, N. J., 4s, 1909, . 
Essex County, N. J., 4s, 1924, . 
Hudson County, N. J., 4s, 1924, 
Jersey City, N. J., 5s, 1908, 
Jersey City, N. J., 5s, 1909, 
Jersey City, N. J., 5s, 1912, 
Pleasantville, N. J., School Dist. 4s, 1907, 
Pleasantville, N. J., School Dist. 4s, 1912, 
Pleasantville, N. J., School Dist. 4s, 1917, 
Pleasantville, N. J., School Dist. 4s, 1922, 

Railroad Bonds. 
Altoona & Logan Valley Electric 4£s, 1933, 
Camden & Suburban 5s, 1946, . 
Toledo Railway & Terminal 4^s, 1954, 



Book Value. 

$50,000 00 

5,000 00 

5,000 00 

10,000 00 

10,000 00 

5,000 00 

5,000 00 

5,000 00 

5,000 00 

5,000 00 

5,000 00 

7,500 00 

10,000 00 
11,000 00 
10,000 00 

$148,500 00 



Rate. 
100 
100 
100 
102£ 
101i 
100* 
10l| 
104£ 
98f 
98| 
98f 
98* 



110 
90 



Market Value. 

$50,000 00 

5,000 00 

5,000 00 

10,250 00 

10,125 00 

5,025 00 

5,075 00 

5,225 00 

4,918 75 

4,918 75 

4,918 75 

7,378 13 

9,800 00 

12,100 00 

9,000 00 

$148,734 38 



EMPIRE CITY FIRE INSURANCE COMPANY, NEW YORK, N. Y. 

Incorporated October, 1850. Commenced business Oct. 5, 1850. 

Paid-up Capital, $200,000. 

DAVID J. BURTIS, Jr., President. ERNEST L. ALLEN, Secretary. 

Home Office, 95 William Street. 

Income. 
Net fire premiums, . . , . . . . . $431,738 77 
Interest on mortgage loans, $381 .18; stocks and bonds, $12,000; 
allother, $1,508.96, 13,890 14 



Total income, . 

Ledger assets, Dec. 31, 1905, . 

Total, 

Disbursements 
Net amount paid for fire losses, 
Interest and dividends to stockholders, . 
Commissions or brokerage, 
Salaries, fees, etc., of officers and employees, 
Rents, 

Taxes and fees, 
Advertising and stationery, 
Maps and furniture, 
Telephone, . 
Legal expenses, 



$445,628 91 
458,617 25 

$904,246 16 



$215,445 82 

12,000 00 

111,220 67 

13,422 42 

1,500 00 

3,020 12 

639 32 

577 11 

72 55 

822 56 



EMPIRE CITY FIRE INSURANCE CO. 



191 



Underwriters' boards and patrol, 

All other disbursements, .... 

Total disbursements, .... 

Balance, ...... 

Ledger Assets. 
Mortgages, ....... 

Stocks and bonds (schedule A), 

Cash in banks and office, .... 

Agents' balances, ...... 

Total ledger assets, .... 

Assets not admitted. 
Book value of stocks and bonds over market value, 

Total admitted assets, .... 

Liabilities. 
Unpaid losses, ...... 

Unearned premiums on outstanding risks, 

All liabilities, except capital and surplus, . 
Surplus to policy holders, .... 

Paid-up capital, ...... 

Surplus over capital and general liabilities, 



,873 44 
497 20 



$273,301 20 



Total liabilities, 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1905, 
Fire risks written during 1906, 

Total, 

Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, 

Net amount in force, 



$25,888,977 
42,946,453 



$361,091 21 
$543,154 95 



$76,000 00 

338,373 47 

22,189 92 

106,591 56 

$543,154 95 



24,798 47 
$518,356 48 



$32,962 00 
212,093 28 

$245,055 28 

200,000 00 
73,301 20 

$518,356 48 



Premiums. 

00 $344,484 60 
00 560,108 39 



$68,835,430 
36,561,132 



00 $904,592 99 
00 461,853 99 



$32,274,298 
1,784,795 



00 $442,739 00 
00 27,912 35 



$30,489,503 00 $414,826 65 



Miscellaneous. 
Premiums received from organization of company, . 
Losses paid from organization of company, 
Fire losses incurred during the year, 
Cash dividends declared from organization of company, 
Dividends declared during the year (6 per cent.), 
Company's stock owned by directors, 

Schedule A. Stocks and Bonds owned by the 

Railroad Stocks. Book Value. 

100 shares Pennsylvania, ..... $7,075 00 
Bank Stocks. 

50 shares Am. Exchange Nat., New York, N. Y., 8,737 50 



$5,574,746 00 

2,497,883 00 

222,623 00 

951,000 00 

12,000 00 

76,900 00 

Company. 

Bate. Market Value. 
138| $6,918 75 



247 



12,350 00 



192 



ENTERPRISE MUTUAL FIRE INSURANCE CO. 



Miscellaneous Stocks. 
50 shares Consolidated Gas Co., 
5 " Underwriters Salvage Co., 
Municipal Bonds. 
New York, N. Y., 3£s, 1940, 
New York, N. Y., 3£s, 1928, 
New York, N. Y., 3£s, 1928, 
New York, N. Y., 3£s, 1954, 
New York, N. Y., 3s, 1914, 

Railroad Bonds. 
Atchison, Topeka & Santa Fe 4s, 1995, gen. mort., 
Chesapeake & Ohio 4£s, 1992, . 
Erie (Pennsylvania collateral), 4s, 1951, 
Lake Shore & Michigan Southern 3^-s, 1997, 
Lake Shore & Michigan Southern 4s, 1928, 
Reading Co. & Phila. & Read. C. & I. Co., 4s, 1997, 



Book Value. 


Rate. 


Market^ Value. 


$9,168 


75 


.138 


$6,900 00 


500 


00 


100 


500 00 


118,593 


75 


92f 


106,518 75 


51,062 


50 


94^ 


47,125 00 


40,850 


00 


94i 


37,700 00 


20,618 


47 


91f 


18,275 00 


20,000 


00 


94 


18,800 00 


10,387 


50 


100 


10,000 00 


10,912 


50 


103| 


10,362 50 


9,512 


50 


89| 


8,975 00 


10,280 


00 


94^ 


9.450 00 


10,300 


00 


98 


9,800 00 


10,375 


00 


99 


9,900 00 


$338,373 


47 


$313,575 00 



ENTERPRISE MUTUAL FIRE INSURANCE COMPANY, 
PROVIDENCE, R. I. 

Incorporated June 2, 1874. Commenced business July 14, 1874. 
JOHN R. FREEMAN, President. THEODORE P. BOGERT, Secretary. 

Home Office, 10 Weybosset Street. 

Income. 

Net premiums, $312,089 46 

Interest on stocks and bonds, $12,026.50; all other, $1,154.85, . 13,181 35 

Dividend Lime Rock National Bank, in liquidation, . . . 500 00 



Total income, ..... 

Ledger assets, Dec. 31, 1905, .... 

Total, . . .■'-. 

Disbursements. 
Net amount paid for losses, .... 

Profits on terminated policies, 

Salaries, fees, etc., of officers and employees, 

Rents, 

Taxes and fees, ...... 

Reduction in book value of stocks and bonds, . 
Inspections, . . . . . 

Total disbursements, . . 

Balance, ...... 

Ledger Assets. 
Stocks and bonds (schedule A), 
Cash in banks, . . . 

Premiums in course of collection, 

Total ledger assets, .... 

Non-Ledger Assets. 

Interest due and accrued on bonds, 

Market value of stocks and bonds over book value, 

Gross assets, . 



$325,770 81 
314,857 74 

$640,628 55 



$12,586 60 
249,696 30 
4,839 93 
1,207 98 
5,387 92 
1,210 02 
4,832 58 

$279,761 33 

$360,867 22 



$328,760 00 

26,002 80 

6,104 42 

$360,867 22 



$395 00 
2,761 88 

$364,024 10 



ENTERPRISE MUTUAL FIRE INSURANCE CO. 



193 



Liabilities. 
Unpaid losses, . . . . 

Unearned premiums on outstanding risks, 
Taxes accrued, ...... 

All liabilities, except surplus, . 
Surplus, ....... 

Total liabilities, ..... 

Risks and Premiums. 

Amount. 

Risks outs'ding Dec. 31, 1905, $32,491,058 00 
Risks written during 1906, . 40,592,569 00 



$524 54 

155,033 95 

5,521 31 

$161,079 80 
202,944 30 

$304,024 10 



Cash Prem's. Conting't Prem's. 

$265,919 61 $1,329,598 05 
325,860 83 1,629,304 15 



Total, . 
Risks expired and terminated, 

In force at end of year, . 



$73,083,627 00 
34,751,256 00 



$591,780 44 
281,712 54 



52,958,902 20 
1,408,562 70 



$38,332,371 00 $310,067 90 $1,550,339 50 



Miscellaneous. 
Losses incurred during the year, 
Profits or surplus returned during 1906, 93 per cent. 



$12,166 00 



Schedule A. Stocks and Bonds owned by the Company. 



Railroad Stocks. 
100 shares Atchison, Top. & Santa F6, pref., 



200 
23 
30 

100 
61 



Chicago, Great Western, debenture, 
Ch., Milwaukee & St. Paul, common, 
Ch., Mil- & St. Paul, 1st instal. paid, 
Ch., Milwaukee & St. Paul, pref., 
Ch., Mil. & St. Paul, 1st instal. paid, 
, Milwaukee & St. Paul, • . 



123 rights Chic 

100 shares Cleveland, Cinn., Ch. & St. L., pref., 
100 ' 
100 
40 
200 ' 
100 
130 
100 
100 
127 
500 
100 
100 
200 
105 



Cleveland & Pittsburg, 

Illinois Central, 

Illinois Central (leased lines), 

Manhattan, .... 

Minn., St. P. & S. Ste. Marie, pref., 

Morris & Essex, 

New York, New Haven & Hartford, 

Northern Pacific, 

Old Colony, .... 

Pennsylvania, .... 

Pittsburg, Bess. & Lake Erie, pref., 

Southern, preferred, 

Union Pacific, preferred, . 

West End Street, 

Municipal Bonds. 
Barrington. R. I., note, .... 
Boston, Mass., 4s, 1910, . 
Boston, Mass., 3£s, 1930, .... 
Providence, R. I., 4s, 1925, 

Railroad Bonds. 
New York, New Haven & Hart. 3£s, 1919-56, 



Book Value. 

$10,000 00 

17,600 00 

2,300 00 

300 00 

17,800 00 

610 00 

11,500 00 

9,500 00 
14,700 00 

4,000 00 
31,300 00 
15,850 00 
11,375 00 
18,250 00 
20,200 
23,475 
31,875 

7,700 
10,000 00 
19,625 00 

9,800 00 



1,000 00 
10,000 00 
10,000 00 
16,000 00 

4,000 00 

$328,760 00 



00 
00 
00 
00 



Rate. 
99 
80 

148| 

100 

162f 

100 
33* 

110 

177 

165| 

103 

142f 

168 

182 

190£ 
185* 
198 
138f 
145 
94 
94 
184 

100 
100 
96i 
1041 

112 



Market Value. 
$9,900 CO 
16,000 00 

3,424 13 

300 00 

16,275 00 

610 00 

4,120 50 
11,000 00 

8,850 00 
16,550 00 

4,120 00 
28,550 00 
16,800 00 
11,830 00 
19,050 00 
18,525 00 
25,146 00 
34,593 75 

7,250 00 

9,400 00 
18,800 00 

9,660 00 

1,000 00 
10,000 00 

9,612 50 
15,675 00 

4,480 00 

$331,521 88 



194 



EQUITABLE FIBE AND MARINE INSURANCE CO. 



EQUITABLE FIRE AND MARINE INSURANCE COMPANY, 

PROVIDENCE, R. I. 

Incorporated May, 1859. Commenced business September, 1860. 

Paid-up Capital, $400,000. 

FRED. W. ARNOLD, President. SAMUEL G..HOWE, Secretary. 

Home Office, 1 Custom House Street. 

Income. 

Net fire premiums, $764,466 . 52 ; marine, $21,201 .56, . . $785,668 08 
Interest on mortgage loans, $8,582.07; collaterals, $2,224.21; 

stocks and bonds, $28,907.79; all other, $3,513.30, . . 43,227 37 

Rents, 4,141 88 

Profit on sale or maturity of ledger assets, .... 250 00 

Dividends, First National Bank in liquidation, . . . 757 00 

Profit and loss, ......... 3 10 

Borrowed money, . . . ... . . . . 50,000 00 



Total income, . . . . - . 

Ledger assets, Dec. 31, 1905, . . . . 

Total, . 

Disbursements. 

Net amount paid for fire losses, $653,412.23; marine, $9,234.56, 
Interest and dividends to stockholders, . 
Commissions or brokerage, .... 

Salaries, fees, etc., of officers and employees, 

Repairs and expenses on real estate, 

Real estate taxes, $1,967.13; other taxes and fees, $24,811 .65, 

Loss on sale or maturity of bonds, . 

Premiums on securities purchased, . . * . 

Borrowed money repaid, .... 

Interest on borrowed money, 

Profit and loss, ...... 

Office and agency expenses, .... 

Total disbursements, .... 

Balance, . . . . . 

Ledger Assets. 

Real estate, $113,000; mortgages, $161,000, . 

Stocks and bonds (schedule A), 

Cash in banks and office, .... 

Agents' balances, ...... 

Bills receivable, 

Total ledger assets, .... 

Non-Ledger Assets. 
Rents accrued on company's property, 
Market value of stocks and bonds over book value, 

Gross assets,* 



L,047 43 
1,196,178 00 

$2,080,225 43 



$662,646 79 

16,000 00 

167,839 19 

59,471 60 

3,637 61 

26,778 78 

1,650 00 

241 52 

50,000 00 

888 92 

1,124 71 

53,525 81 

$1,043,804 93 

$1,036,420 50 



$274,000 00 

597,675 00 

32,186 73 

132,066 27 

492 50 

$1,036,420 50 



854 17 
96,722 50 

,133,997 17 



* Including $70,000 special reserve held under Rhode Island law. 



EQUITABLE FIRE AND MARINE INSURANCE CO. 



195 



Assets not admitted. 
Agents' balances over three months due, . 



$1,018 90 



Total admitted assets, 

LlABILI 

Unpaid losses, including $596.43 resisted 
Less reinsurance, .... 
Unearned premiums on outstanding risks 
Salaries and other miscellaneous expenses 
Commissions and other charges due agent 


1TES. 

.$77,821 65 
96 06 

, due or accrued, 
s and brokers, 

)lus, .... 
$434,917 34 

3, 

'remiums. 

. $98,128,797 00 
. 75,035,472 00 


$1,132,978 27 

$77,725 59 

602,335 34 

3,000 00 

15,000 00 


All liabilities, except capital and surj 
Surplus to policy holders, 
Paid-up capital, .... 
Surplus over capital and general liabilitie 


$698,060 93 

400,000 00 
34,917 34 


Total liabilities, 

Risks and I 

Fire risks outstanding Dec. 31, 1905, 
Fire risks written during 1906, 


$1,132,978 27 

Premiums. 

$1,217,043 64 
963,410 68 


Total, . . ... 
Risks expired and terminated, 


. $173,164,269 00 
. 72,334,602 00 

. $100,829,667 00 
5,605,075 00 


$2,180,454 32 
964,218 15 


In force at end of year, . 
Amount reinsured, 


$1,216,236 17 
67,371 37 


Net amount in force, 

Marine risks outstanding Dec. 31, 1905, 
Marine risks written during 1906, . 


. $95,224,592 00 

$233,121 00 
1,327,803 00 

. $1,560,924 00 
1,316,018 00 

$244,906 00 
11,700 00 


$1,148,864 80 

$15,810 31 
23,665 25 


Total, . . 
Risks expired and terminated, 


$39,475 56 
22,932 92 


In force at end of year, . 
Amount reinsured, 


$16,542 64 
1,007 50 



Net amount in force, 



$233,206 00 $15,535 14 



Miscellaneous. 

Premiums received from organization of company, . 

Losses paid from organization of company, 

Fire losses incurred during the year, 

Marine losses incurred during the year, 

Cash dividends declared from organization of company, 

Dividends declared during the year (4 per cent.), 

Company's stock owned by directors, 



.1,628,523 00 

7,153,029 00 

660,090 00 

14,957 00 

825,500 00 

16,000 00 

78,500 00 



Schedule A. Stocks and Bonds owned by the Company. 

Railroad Stocks. Book Value. Rate. Market Value. 

100~shares Chicago Great Western debenture, . $10,000 00 80 $8,000 00 

320" " Illinois Central, .... 32,000 00 165£ 52,960 00 

360 " N. Y. Central & Hudson River, . . 36,000 00 131 47,160 00 

400 " Pennsylvania, 20,000 00 138| 27,675 00 



196 



THE FARMERS FIRE INSURANCE CO. 



Bank Stocks. 
30 shares Industrial Trust Co., Providence, R. I., 
300 " Nat'l Bank of Commerce, Prov., R. I., 
Miscellaneous Stocks. 
3 shares General Adjust. Bureau, N. Y., N. Y., . 
300 " Narragansett Electric Lighting Co., 
53 " New England Invest. Security Co., 
650 " Providence Gas Co., .... 
125 " Providence Telephone Co., 
5 " Underwriters' Salvage Corps, 
10 " Underwriters' Salvage Co., Chic, 111., . 
50 " Wells, Fargo & Co., . 
1 '■' West. Adjust. & Inspec. Co., Chic, 111., 
Government Bonds. 
Japan 4£s, 1925, ...... 

Stale and Municipal Bonds. 
Boston, Mass., 4s, 1915, .... 
Massachusetts 3s, 1941, .... 
Massachusetts 3s, 1941, .... 

Railroad Bonds. 
Atchison, Topeka & Santa Fe 4s, 1908, 
Bridgeport Traction 5s, 1923, 
Central of New Jersey car equip. 4s, 1913, . 
Chicago, Alton equipment 5s, 1908, . 
Chicago, Burlington & Quincy 3^s, 1949, 
Columbus, O., Street 5s, 1932, . . 

Detroit Electric 5s, 1916, . 
East St. Louis & Suburban 5s, 1932, . 
Georgia Railway and Electric 5s, 1932, 
Lehigh Valley Terminal 5s, 1941, 
Milwaukee City 5s, 1908, .... 
Milwaukee Electric Railway and Light 5s, 1926, 
Missouri Pacific equipment 5s, 1913, 
N. Y. Cent. & Hud. R. (Mich. Cent, coll.) 3-|s, 1998 
New York, New Haven & Hartford 3£s, 1956, 
North Chicago Street 4£s, 1931, 
North. Pac-Gt. North. (C, B. & Q.) 4s, 1921, 
Pawtucket Electric Co. 5s, 1916, 
Pennsylvania Steel equipment 3-£-s, 1907, 
Rhode Island and Suburban 4s, 1950, 
United Traction & Electric Co., Prov., 5s, 1933, 
Utica & Mohawk Valley Street 4U, 1941, . 

Miscellaneous Bonds. 
Cincinnati Edison Electric Co. 5s, 1917, 
Detroit Edison Co. 5s, 1933, 
Grand Rapids Gas Light Co. 5s, 1915, 
Metropolitan W. W. Co. (Kansas C. P.) 4s, 1919, 
Pawtuxet Valley Water Co. 5s, 1907, 
Union Steel Co. 5s, 1952, . 

United Elec Light & Power Co., Bait.. 4+s, 1929, 
Utica Electric Light & Power Co. 5s, 1950, 



Book Value. 


Rate. 


Market Value. 


$7,500 00 


276 


$8,280 00 


15,000 00 


130 


19,500 00 


150 00 


100 


150 00 


15,000 00 


200 


30,000 00 


5,300 00 


92i 


4,902 50 


32,500 00 


209 


67,925 00 


6,250 00 


210 


13,125 00 


500 00 


100 


500 00 


1,000 00 


100 


1,000 00 


5,000 00 


298 


14,900 00 


150 00 


100 


100 00 



9,750 00 



90 



8,775 00 



25,000 


00 


ioh 


25,375 00 


50,000 


00 


91 


45,500 00 


25,000 


00 


91 


22,750 00 


10,000 


00 


99 


9,900 00 


5,000 


00 


no* 


5,525 00 


10,000 


00 


96 


9,600 00 


10,000 


00 


100 


10,000 00 


3,000 


00 


92 


2,760 00 


5,000 


00 


108 


5,400 00 


5,000 


00 


102i 


5,125 00 


10,000 


00 


100 


10,000 00 


5,000 


00 


102 


5,100 00 


1 0,000 


00 


117^ 


11,750 00 


5,000 


00 


100 


5,000 00 


20,000 


00 


107 


21,400 00 


10,000 


00 


100 


10,000 00 


;, 12,000 


00 


85i 


10,260 00 


9,575 


00 


112 


8,400 00 


5,000 


00 


72 


3,600 00 


50,000 


00 


96| 


48,437 50 


10,000 


00 . 


105 


10,500 00 


20,000 


00 


98* 


19,700 00 


15,000 


00 


93" 


13,950 00 


10,000 


00 


108* 


10,850 00 


5,000 


00 


103 


5,150 00 


5,000 


00 


106 


5,300 00 


10,000 


00 


100 


10,000 00 


5,000 


00 


100 


5,000 00 


7,000 


00 . 


50 


3,500 00 


10,000 


00 


100 


10,000 00 


5,000 


00 


99 \ 


4,962 50 


10,000 


00 


95 


9,500 00 


5,000 


00 


103 


5,150 00 


$597,675 00 


$694,397 50 



THE FARMERS' FIRE INSURANCE COMPANY, YORK, PA. 

Incorporated April 6, 1853. Commenced business May 16, 1853. 
WM. H. MILLER, President. E. K. McCONKEY, Secretary. 

Home Office, 58 East Market Street. 

Income. 

Net fire premiums, $609,809 06 

Interest on mortgage loans, $9,446.31; collaterals, $4,807.60; 

stocks and bonds, $17,255.44; all other, $3,500.72, . . 35,010 07 

Rents, including company's own occupancy, .... 



2,269 00 



Total income, 



$647,088 13 



THE FARMERS' FIRE INSURANCE CO. 



197 



Ledger assets, Dec. 31, 1905, ...... 

Total, ......... 

Disbursements. 
Net amount paid for fire losses, ..... 

Commissions or brokerage, ...... 

Salaries, fees, etc., of officers and employees, 
Rents, including company's own occupancy, 
Repairs and expenses on real estate, .... 

Real estate taxes, $488.10; other taxes and fees, $11,776.27, 

Adjustment and general agency expenses, 

Agency expenses, . 

Legal expenses, 

Profit and loss, 

Local boards and patrol, 

City licenses, 

Total disbursements, .... 

Balance, ...... 

Ledger Assets 
Real estate, $43,500; mortgages, $232,128.52, 
Loans secured by collateral (schedule A), 
Stocks and bonds (schedule B), 
Cash in banks and office, 
Agents' balances, ..... 



Total ledger assets, ..... 

Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $7,968.83; bonds, $1,017.08; collateral 

$3,585.55; deposits, $597.50, .... 
Rents accrued on company's property, 
Market value of stocks and bonds over book value, . 

Gross assets, ....... 

Assets not admitted. 
Agents' balances over three months due, . 

Total admitted assets, ..... 

Liabilities. 
Unpaid losses, including $9,875 resisted, . 
Unearned premiums on outstanding risks, 
Reclaimable on perpetual fire policies, 
Taxes accrued, ....... 

All liabilities, except surplus, 
Surplus, ........ 

Total liabilities, ...... 



$810,558 48 
$1,457,646 61 

$281,893 47 

139,265 02 

39,889 50 

1,800 00 

14,274 01 

12,264 37 

16,162 81 

4,495 77 

1,038 64 

1,108 81 

7,504 84 

252 70 



$519,949 94 
$937,696 67 



$275,628 52 

80,800 00 

385,557 32 

121,127 28 

74,583 55 

$937,696 67 



loans, 



13,168 96 

222 50 

103,066 12 

,054,154 25 



3,281 08 
,050,873 17 



$59,950 40 

494,287 27 

3,749 69 

5,000 00 

$562,987 36 
487,885 81 

1,050,873 17 



198 



THE FARMERS' FIRE INSURANCE CO. 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1905, 
Fire risks written during 1906, 

Total, . 
Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, . : 



$71,485,923 00 
51,890,197 00 



Premiums. 

$891,114 57 
659,519 15 



$123,376,120 00 $1,550,633 72 
45,166,250 00 583,229 89 



$78,209,870 00 
889,394 00 



$967,403 83 
10,120 12 



Net amount in force, 
Perpetual risks in force (not included above), 

Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, 
Fire losses incurred during the year, 



$77,320,476 00 $957,283 71 
$130,125 00 $3,947 04 



$12,514,848 00 

. 8,199,276 00 

296,194 00 



66 shares First National Bank, York, Pa., 
Middletown & Swatara Water Co. bonds, 
Middletown & Swatara Water Co. bonds, 

33 shares York Gas Co., York, Pa., 



274 
51 
60 

200 
50 
50 
33 
10 
20 
15 



York Gas Co., York, Pa., 

York Water Co., York, Pa 

York Water Co., York, Pa 

York Gas Co., York, Pa., 

Netherlands Tramway Corporation, preferred, 

Netherlands Tramway Corporation, common, 

York Trust Co., York, Pa., 

York Water Co., York, Pa., 

First National Bank, Wrights ville, York Co., Pa., 

Western National Bank, York, Pa., 



Schedule A. Securities held as Collateral. 

Company's 

Market Value. 

$12,540 00 

11,000 00 

10,500 00 

3,960 00 j 

32,880 00 

2,040 00 

2,400 00 

24,000 00 

5,000 00 

5,000 00 

2,640 00 

400 00 

2,900 00 

2,250 00 



Loaned 
Thereon. 



$36,300 00 

19,600 00 

1,500 00 

600 00 

12,000 00 

6,000 00 

1,900 00 
250 00 
850 00 

1,800 00 



$123,510 00 



$80,800 00 



Schedule B. Stocks and Bonds owned by the Company. 

Railroad Stocks. Book Value. Rate. Market Value. 

333 shares Pennsylvania, .... $18,432 00 138| $23,039 44 

12 shares Farmers' National, York, Pa., . 1,615 00 187 2,244 00 

125 " First National, York, Pa., . . 23,728 35 200 25,000 00 

900 " Guardian Trust Co., York, Pa., . 24,503 64 109 24,525 00 

50 " York County National, York, Pa., . 2,130 00 237 2,370 00 

1,000 " York National, York, Pa., . . 47,167 05 198 49,500 00 

Miscellaneous Stocks. 

100 shares Carlisle Ave. Market H'se, York, Pa., 1,000 00 80 800 00 

628 ". York Gas Co., York, Pa., . . 48,002 50 240 75,360 00 

3,000 " York Water Co., York, Pa., . . 75,000 00 189 , 141,750 00 

Government Bonds. 

United States 4s, 1907, .... . 39,771 88 101 35,350 00 

Railroad Bonds. 

Lehigh Valley Coal 5s, 1933, . . '. . 10,300 00 110* 11,050 00 

Lehigh Valley' 4|s, 1923, 15,337 50 106 15,900 00 

Lehigh Valley 4s, 2003, . . . . . 20,021 90 971 19,450 00 

Northern Central 4£s, 1925, . . t . 8,640 00 109^ 8.760 00 

Philadelphia & Erie 5s, 1920, .... 15,90750 112 16,80000 

Potomac Valley 5s, 1941, . . . . 9,250 00 114 11,400 00 

Sham., Sun. &Lewisburg 5s, 1912, . . . 9,750 00 104£ 10,450 00 



FEDERAL INSURANCE CO. 



199 



Miscellaneous Bonds. 
Central Market House, York, Pa., 4s, 1907, 
York Felt & Paper Co., York, Pa., 5s, 1916, 



Book Value. 

$10,000 00 

5,000 00 

$385,557 32 



Rate. Market Value. 

100 $10,000 00 

97i 4,875 00 



623 44 



FEDERAL INSURANCE COMPANY, JERSEY CITY, N. J. 

Incorporated Feb. 1, 1901. Commenced business March, 1901. 

Paid-up Capital, SI, 000,000. 

PERCY CHUBB, President. MAX GRUNDNER, Secretary. 

Home Office, 15 Exchange Place. 

Income. 

Net fire premiums, $497,685.59; marine, $820,164.69, . . $1,317,850 28 

Interest on mortgage loans, $1,350; stocks and bonds, $62,601 .67; 



all other, $22,379.49, 
Profit on sale of bonds, ........ 

Premium on increase in capital, ... 

From all other sources, ........ 

Total income, . . . . . 

Ledger assets, Dec. 31, 1905, plus $500,000 increase in capital, . 

Total, 

Disbursements. 

Net amount paid for fire losses, $716,832.91; marine, $401,- 

985.30, 

Interest and dividends to stockholders, 
Commissions or brokerage, ..... 

Salaries, fees, etc., of officers and employees, 

Rents, ........ 

Taxes and fees, ....... 

Loss on sale of bonds, . . . . 

Legal expenses, ....... 

Advertising, printing and stationery, 

Subscriptions to papers, etc., ..... 

Exchange, . . . . . . . 

Maps, surveys and inspections, .... 

Postage, express, telegrams, etc., 

Auditing accounts, ...... 

Underwriters' boards, protective associations and patrol, 
All other disbursements, ..... 

Total disbursements, . . . 

Balance, . . 

Ledger Assets. 
Mortgages, ........ 

Stocks and bonds (schedule A), 

Cash in banks, . 

Agents' balances, . . . 

Deposit with Philadelphia Underwriters' Association, 

Total ledger assets, ..... 



86,331 16 
13 34 

100,000 00 
2,745 83 

$1,506,940 61 
2,734,168 77 

$4,241,109 38 



.,118,818 21 

50,000 00 

312,089 58 

77,435 87 

3,040 16 

29,229 15 

• 369 72 

1,198 36 

8,004 20 

1,022 51 

555 49 

7,680 29 

7,977 74 

949 45 

7,048 35 

6,140 17 

,631,559 25 

5,609,550 13 



$30,000 00 

1,476,397 80 

738,511 76 

364,540 57 

100 00 

52,609,550 13 



200 



FEDERAL INSURANCE CO. 



Non-Ledger Assets. 
Interest accrued : — 
On mortgages, $112.50; bonds, $16,942.49; other assets, 
$1,349.67, 

Gross assets, ......... 

Assets not admitted. 

Agents' balances over three months due, . . $25,423 91 

Deposit with Philadelphia Underwriters' Ass'n, . - 100 00 

Book value of stocks and bonds over market value, . 79,060 55 

Total unadmitted assets, . . . 

Total admitted assets, ....... 

Liabilities. 

Unpaid losses, including $4,200 resisted, . . $581,551 65 

Less reinsurance, ...... 22,271 00 

Unearned premiums on outstanding risks, . 500,753 99 

Plus same on disallowed reinsurance, . . 10,712 93 

Salaries and other miscellaneous expenses, due or accrued, 
Commissions and other charges due agents and brokers, 
Due for return premiums, $232.59; reinsurance, $16,331 .91, 
Reserve for contingencies, carried by company, 



$18,404 66 
$2,627,954 79 



All liabilities, except capital and surplus, . 
Surplus to policy holders, .... 

Paid-up capital, ...... 

Surplus over capital and general liabilities, 

Total liabilities, ..... 



,208,224 52 



104,584 46 
!,523,370 33 



$559,280 65 

511,466 92 
18,698 19 
34,135 55 
16,564 50 

175,000 00 

'.1,315,145 81 

1,000,000 00 
208,224 52 

52,523,370 33 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1905, 
Fire risks written during 1906, 

Total, 

Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, 

Net amount in force, 

Marine risks outstanding Dec. 31, 1905, 
Marine risks written during 1906, . 

Total, 

Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, 

Net amount in force,. 



,318,322 00 
51,863,846 00 



,182,168 00 
36,156,513 00 

$54,025,655 00 
7,833,912 00 



Premiums. 

$488,910 30 
692,654 40 

1,181,564 70 
465,171 36 

$716,393 34 
96,440 48 



$46,191,743 00 $619,952 86 



$157,031 59 
2,121,381 64 



^,867,352 00 
832,932,550 00 

$871,799,902 00 
806,535,064 00 

$65,264,838 00 
6,437,952 00 



$2,278,413 23 

2,025,341 84 

$253,071 39 

28,364 60 



$58,826,886 00 $224,706 79 



FEDERAL INSURANCE CO. 



201 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, 

Fire losses incurred during the year, 

Marine and inland losses incurred during the year, 

Cash dividends declared from organization of company, 

Dividends declared during the year, 

Company's stock owned by directors, 

Schedule A. Stocks and Bonds owned by the 

Railroad Stocks. Book Value. 

100 shares Consolidated Traction Co., N. J., . $6,812 50 

Miscellaneous Stocks. 

Atlantic Mutual Ins. Co. scrip of 1903, . . 510 61 

367 shares New York & New Jersey Tel. Co., . 51,059 50 

4 " Pacific Coast Salvage Association, . 500 00 

10 " Underwriters' Salvage Co., New York, 1,000 00 

County and Municipal Bonds. 

East Orange, N. J., 4s, 1933, .... 15,862 50 

Elizabeth, N. J., 4s, 1922, .... 50,375 00 

Englewood, N. J., 4s, 1935, .... 26,218 75 

Essex County, N. J., 4s, 1924, .... 26,437 50 

Hudson County, N. J., 4s, 1924, . . .- 51,875 00 

Jersey City, N. J., 5s, 1916, .... 63,431 00 

Jersey City, N. J., 5s, 1922, .... 13,541 67 

Jersey City, N. J., 5s, 1923, .... 12,454 44 

New York, N. Y., 3*s, 1948, .... 217,285 00 

Passaic County, N. J., 4s, 1922, . . . . 26,125 00 

Railroad Bonds. 

Baltimore & Ohio prior lien 3*s, 1925, . . 18,533 53 

Central of New Jersey 5s, 1987, . . . 13,000 00 

Central of N. J. (Am. Dock & Imp. Co.) 5s, 1921, 21,618 47 

Chicago & Alton 3s, 1949, . . . 21,172 35 

Chicago & Alton 3*s, 1950, .... 7,971 39 

Chic, Indianap. & St. Lo. (Short Line) 4s, 1953, . 9,975 00 

Choctaw & Memphis 5s, 1949, .... 11,575 00 

Consolidated Traction Co., N. J., 5s, 1933, . 27,375 00 

Easton & Amboy 5s, 1920, . . . 34,950 00 

East Tennessee, Virginia & Georgia 5s, 1956, . 11,813 89 

Elgin, Joliet & Eastern 5s, 1941, . . . 11,525 00 

Elizabeth, Plainfield & Central N. J. 5s, 1950, . 25,250 00 

Erie (Long Dock Division) 6s, 1935, . . 27,021 00 

Flint & Pere Marquette 6s, 1920, . . . 12,082 00 

Illinois Central 3*s, 1951, .... 14,625 00 

Kansas City Southern 3s, 1950, . . . 7,240 00 

Kentucky Central 4s, 1987, . 10,011 11 

Lehigh Valley Terminal 5s, 1941, . . . 11,850 00 

Midland of New Jersey 6s, 1910, . . . 29,406 25 

Mobile & Ohio 1st mortgage 6s, 1927, . . 12,876 67 

Newark Passenger 5s, 1930, .... 29,507 50 

N. Y. Central & Hudson River 3*s, 1997, . . 14,217 75 

New York, Chicago & St. Louis 4s, 1937, . . 21,435 56 

N. Y., Lake Erie & Western 6s, 1913, . . 29,633 34 

N. Y., Phila. & Norfolk 1st mortgage 4s, 1939, . 10,062 50 

New York, Susquehanna & Western 5s, 1937, . 58,624 99 

Northern Pacific 3s, 2047, .... 15,157 50 

North Jersey St. 4s, 1948, . . . . 8,150 00 

Paterson Extension 6s, 1910, .... 34,616 25 

Pennsylvania convertible 3*s, 1912, . . 23,654 24 

Peoria & Eastern 4s, 1940, .... 19,688 06 

Port Reading 5s, 1941, . 3,445 00 

St. Jo. Ry., Light Heat & Power Co. 5s, 1937, . 9,500 00 

Third Avenue 4s, 2000, . . . . . 9,452 50 

Toledo & Ohio Central 1st mortgage 5s, 1935, . 11,597 22 

Miscellaneous Bonds. 

Edison Electric Illuminating Co., N. Y., 5s, 1910, 15,525 00 

Edison Electric Illuminating Co., N. Y., 5s, 1995, 11,950 00 



$5,554,597 00 
3,097,707 00 
962,241 00 
442,128 00 
250,000 00 
50,000 00 
509,300 00 

Company. 

Rate. Market Value. 
75 $7,500 00 



100 
128 
100 
100 

lOlf 

100 

100 

102* 

101i 

107 

110f 

liH 

91$ 
102| 

92i 
126 
109* 

78* 

75* 

98 
114* 
105* 

111* 

116 

115 

98 
128* 
113* 

98 

71* 

99 
117* 
103| 
123 
111* 

93i 
lOlf 
111* 
101 
113* 

74 
.76 
105 

98 

94 
112 
102 

88 
113 

101 

117 



500 00 

46,976 00 

1,000 00 

1,000 00 

15,243 75 

50,000 00 

25,000 00 

25,625 00 

50,625 00 

58,850 00 

13,290 00 

12,237 50 

183,750 00 

25,562 50 

18,450 00 
12,600 00 
20,805 00 
19,625 00 

7,550 00 

9,800 00 
11,450 00 
26,375 00 
33,450 00 
11,600 00 
11,500 00 
24,500 00 
25,700 00 
11,350 00 
14,700 00 

7,150 00 

9,900 00 
11,750 00 
25,937 50 
12,300 00 
27,875 00 
13,987 50 
20,350 00 
27,812 50 
10,100 00 
56,625 00 
14,800 00 

7,600 00 
32,550 00 
24,500 00 
18,800 00 

3,360 00 
10,200 00 

8,800 00 
11,300 00 

15,150 00 
11,700 00 



202 



FIDELITY FIRE INSURANCE CO. OF NEW YORK. 



Gas & Elec. Co., Bergen Co., N. J., 5s, 1949, 
Kings County Elec. Light & Power Co. 6s, 1997, 
National Starch Co. 6s, 1920, . 
Newark Consolidated Gas Co. 5s, 1948, 
N. Y. Gas & Elec. Light, Heat & P. Co. 4s, 1949, 
New York & New Jersey Telephone Co. 5s, 1920, 
Pacific Coast 5s, 1946, . 
Sloss Iron & Steel Co. 4£s, 1918, 
Syracuse Lighting Co. 5s, 1951, 
Trenton Gas & Electric Co. 5s, 1949, 
Washington Water Power Co. 5s, 1929, 
Washington Water Power Co. 5s, 1908, 
Western Union Telegraph Co. 5s, 1938, 
Western Union Telegraph Co. 4^s, 1950, 



Book Value. 


Rate. 


Market Value. 


$25,062 


50 


101 


$25,250 00 


24,661 


67 


114 


22,800 00 


10,676 


67 


8H 


8,150 00 


26,500 


00 


106 


26,500 00 


9,551 


11 


82 


8,200 00 


29,774 


70 


105 


27,300 00 


11,023 


89 


110 


11,000 00 


4,747 


50 


92^ 


4,625 00 


9,600 


00 


102 


10,200 00 


53,000 


00 


107 


53,500 00 


10,600 


00 


106 


10,600 00 


10,000 


00 


98 


9,800 00 


11,247 


22 


103 


10,300 00 


10,375 


00 


99* 


9,950 00 


1,476,397 


80 


$1,397,337 25 



FIDELITY FIRE INSURANCE COMPANY OF NEW YORK, 

NEW YORK, N. Y. 

Incorporated June, 1906. Commenced business June 27, 1906. 
Paid-up Capital, $1,000,000. 

HENRY EVANS, Preside**. £' ^ ^Fp^l n r> ) Secretaries. 



Net fire premiums, 
Interest on stocks and bonds, 
Profit on sale of stocks, 
Premiums on capital, 



Home Office, J t 6 Cedar Street. 
Income. 
,679.01; all other, $18,228.91, 



Total income, . 
Ledger assets, June 27, 1906, 

Total, . 



Disbursements. 



Net amount paid for fire losses, 
Commissions or brokerage, 
Salaries, fees, etc., of officers and employees, 
Rents, ...... 

Taxes and fees, ..... 

Legal expenses, . . . . 

Advertising, printing and stationery, 
Exchange, ...... 

Furniture and fixtures, .... 

Maps and surveys, .... 

Postage, express, telegrams and telephone, 

Traveling expenses, etc., 

Local boards, ..... 

All other disbursements, 

Total disbursements, 

Balance, . •'. ■ 



$445,555 74 

25,907 92 

29,460 00 

1,500,000 00 

$2,000,923 66 

1,000,000 00 

$3,000,923 66 



$23,589 51 

88,266 86 

19,843 35 

2,463 31 

7,447 73 

2,996 62 

14,409 74 

104 48 

732 81 

18,003 57 

3,348 70 

2,804 09 

401 60 

1,776 85 

$186,189 22 

2,814,734 44 



FIDELITY FIRE INSURANCE CO. OF NEW YORK. 



203 



Ledger Assets. 



Stocks and bonds (schedule A), 
Cash in banks and office, 
Agents' balances, . 



Total ledger assets, 



Interest accrued on bonds, 
Gross assets, . 



Non-Ledger Assets. 



Assets not admitted. 



$2,572,572 00 

117,143 32 

125,019 12 

$2,814,734 44 



3,095 00 

$2,817,829 44 



Agents' balances over three months due, . $399 47 

Special deposits less $8,804. 10 liability thereon, 52,368 40 

Book value of stocks and bonds over market value, 47,812 00 

Total unadmitted assets, . . . 

Total admitted assets, ....... 

Liabilities. 

Unpaid losses, $29,245.98; less reinsurance, $115.30, 

Unearned premiums on outstanding risks, . $278,616 10 

Plus same on disallowed reinsurance, . . 52 38 

Salaries and other miscellaneous expenses, due or accrued, 

Due for reinsurance, ........ 



All liabilities, except capital and surplus, 
Surplus to policy holders, 
Paid-up capital, ..... 
Surplus over capital and general liabilities, 



1,401,055 17 



Total liabilities, 



100,579 87 
$2,717,249 57 



$29,130 68 

278,668 48 

7,648 47 

746 77 

$316,194 40 

1,000,000 00 
1,401,055 17 

$2,717,249 57 



Risks and Premiums. 



Fire risks written since June, 1906, 
Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, 

Net amount in force, 



$39,756,550 00 
2,834,899 00 

$36,921,651 00 
754,270 00 



Premiums. 

$486,806 96 
29,041 53 

$457,765 43 
6,559 05 



$36,167,381 00 $451,206 38 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, 
Fire losses incurred during the year, 
Company's stock owned by directors, 



$445,556 00 

23,590 00 

52,720 00 

219,500 00 



Schedule A. Stocks and Bonds owned by the Company. 

Railroad Stocks. Book Value. Rate. Market Value. 

500 shares Atch., Top. & Santa Fe\ common, . $51,358 00 104£ $52,250 00 

2,000 " Baltimore and Ohio, common, . 233,863 00 119| 239,000 00 

1,000 " Baltimore & Ohio, preferred, . 91,970 00 92| 92,250 00 

500 " Chicago & Northwestern, common, 100,818 00 198£ 99,125 00 

500 " Chic, St. P., Minn. & Om., preferr'd, 88,619 00 181 90,500 00 



204 



FIRE ASSOCIATION OF PHILADELPHIA. 







Book Value. 


Rate. 


Market Value. 


500 shares Chic, St. P., Minn. & Om., common 


$84,338 


00 


175 


$87,500 00 


500 ' 


' Erie, 1st preferred, 


38,937 


00 


75 


37,500 00 


500 ' 


' Great Northern, preferred, 


123,014 


00 


181 


90,500 00 


500 ' 


' Great North. Iron Ore Properties, 


40,000 


00 


79 


39,500 00 


500 ' 


' Hocking Valley, preferred, 


47,861 


00 


93| 


46,750 00 


300 ' 


' Hocking Valley, . 


37,875 


00 


117 


35,100 00 


2,000 ' 


' Lehigh Valley, 


159,150 


00 


154 


154,000 00 


500 ' 


' Louisville & Nashville, . 


72,479 


00 


143| 


71,562 50 


1,000 ' 


' Manhattan, 


145,323 


00 


142f 


142,750 00 


300 ' 


' Michigan Central, 


54,037 


00 


184| 


55,425 00 


500 ' 


' Nashville, Chattanooga & St. Lo., 


70,861 


00 


140 


70,000 00 


1,000 ' 


' N. Y. Central & Hudson River, 


129,441 


00 


131 


131,000 00 


1,500 ' 


' Northern Pacific, . 


313,200 


00 


185± 


277,875 00 


2,000 ' 


' Pennsylvania, 


130,558 


00 


138$ 


138,375 00 


1,000 ' 


' Reading Co., 1st preferred, 


45,299 


00 


90 


45,000 00 


500 ' 


' Southern, preferred, 


49,034 


00 


94 


47,000 00 


500 ' 


' Union Pacific, 
State and Municipal Bonds. 


74,100 


00 


180* 


90,125 00 


Georgia c 


5|s, 1917, 


10,375 


00 


104* 


10,425 00 


New Yor 


k, N. Y., 4s, 1936, 


203,540 


00 


1014 


203,750 00 


Virginia 


3s, 1932, 

Railroad Bonds. 


50,372 


00 


95| 


50,747 50 


Delaware & Hudson 4s, 1916, . 


26,712 


00 


107 


26,750 00 


Pennsylv 


ania Co. collateral notes 4-^s, 1907, 


99,438 


00 


100 


100,000 00 




$2,572,572 


00 


$2,524,760 00 



FIRE ASSOCIATION OF PHILADELPHIA, PHILADELPHIA, PA. 

Incorporated March 27, 1820. Commenced business Sept. 1, 1817. 

Paid-up Capital, $750,000. 

E. C. IRVIN, President. M. G. GARRIGUES, Secretary. 

Home Office, 407 Walnut Street. 

Income. 
Net fire premiums, ..... 

Deposit premiums on perpetual risks, 

Interest on mortgage loans, $80,456.79; collaterals, $2,228.67 

stocks and bonds, $188,079; deposits, $3,541.54, 
Rents, ....... 

Profit on sale or maturity of ledger assets, 
Profit and loss, ...... 

Earned deposit premiums, .... 

Premium on increase in capital, 

Borrowed money, ...... 

Total income, 
Ledger assets, Dec. 31, 1905, plus $250,000 increase in capital, 



. $3,931,280 91 
65,703 18 


! 274,306 

29,416 

11,119 

1,084 

5,524 


00 
16 
03 
60 
13 


. 1,250,000 00 
570,000 00 


. $6,138,434 01 
. 6,958,537 76 



Total, 

Disbursements. 
Net amount paid for fire losses, 
Deposit premiums returned, . . . 

Interest and dividends to stockholders, . 
Interest paid to scrip holders, " . 
Commissions or brokerage, 
Salaries, fees, etc., of officers and employees, 
Repairs and expenses on real estate, 
Real estate taxes, $7,322.73; other taxes and fees, $92,222.24, 
Loss on sale of real estate, ...... 



$13,096,971 77 



,595,205 


86 


80,769 


91 


200,000 


00 


13,032 


00 


991,961 


28 


252,228 


76 


11,243 


43 


99,544 


97 


6,951 


76 



FIRE ASSOCIATION OF PHILADELPHIA. 



205 



Legal expenses, . . 

Advertising, printing and stationery, 

Commission on purchase and sale of securities, 

Profit and loss, 

Tariff assessments, 

Postage, .... 

Borrowed money repaid, 

Interest paid on borrowed money, 

All other disbursements, 

Total disbursements, .... 

Balance, . . . ... 

Ledger Assets. 

Real estate, $428,815.33; mortgages, $1,469,284.99, 

Loans secured by collateral (schedule A), 

Stocks and bonds (schedule B), . 

Cash in banks and office, .... 

Agents' balances, . . 

Total ledger assets, 



Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $26,071.70; bonds, $24,153.45; collateral loans, 

$2,114.05, 

Rents due and accrued on company's property, 
Market value of real estate over book value, 
Market value of stocks and bonds over book value, 
Due from other companies, .... 

Gross assets, ...... 



$681 29 

26,689 83 

6,908 10 

563 95 

52,538 10 

14,150 94 

570,000 00 

10,962 57 

60,219 94 

$5,993,652 69 

$7,103,319 08 



^1,898,100 32 

208,400 00 

3,907,485 07 

514,203 89 

575,129 80 

^7,103,319 08 



52,339 20 

2,750 41 

3,159 67 

32,232 93 

12,861 97 

$7,206,663 26 



Assets not admitted. 

Company's stock owned, .... $10,540 00 

Special deposits less $75,989.75 liability thereon, 27,310 25 

Due from unauthorized companies, . . 483 69 

Total unadmitted assets, . . . 

Total admitted assets, ...... 

Liabilities. 

Unpaid losses, including $53,431.82 resisted, . $377,675 96 

Less reinsurance, ...... 64,177 04 

Unearned premiums on outstanding risks, .... 

Reclaimable on perpetual fire policies, ..... 

All liabilities, except capital and surplus, .... 
Surplus to policy holders, .... $2,070,241 78 
Paid-up capital, . . . - . 

Surplus over capital and general liabilities, .... 

Total liabilities, ....... 



38,333 94 
$73168,329 32 



$313,498 92 

3,041,270 88 

1,743,317 74 

55,098,087 54 

750,000 00 

1,320,241 18 

$7,168,329 32 



206 



FIRE ASSOCIATION OF PHILADELPHIA. 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1905, 
Fire risks written during 1906, 

Total, . . . ' . 

Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, 



Net amount in force, .... 
Perpetual risks in force (not included above) , 



$512,312,550 00 
414,951,434 00 



Premiums. 

56,255,293 43 
5,177,944 65 



$927,263,984 00 $11,433,238 08 
401,984,727 00 5,032,663 11 



$525,279,257 00 
38,474,244 00 



),400,574 97 
469,727 60 



$486,805,013 00 $5,930,847 37 
$83,225,663 00 $1,904,027 71 



Miscellaneous. 
Premiums received from organization of company, . 
Losses paid from organization of company, 
Fire losses incurred during the year, .... 

Cash dividends declared from organization of company, 
Dividends declared during the year, .... 

Company's stock owned by directors, .... 

Schedule A. Securities held as Collateral. 



$74,818,946 00 

43,856,856 00 

3,639,381 00 

7,179,762 00 

200,000 00 

47,050 00 



Mortgage assigned, Syracuse, N. Y., 
259 shares Merchants' National, 

75 " United N. J. Railroad and Canal Company- 
Diamond State Steel Co. 4s, . 
Harrisburg Light, Heat and Power Co. 5s, 
25 shares Wilkes-Barre Gas and Electric Co., 
York Traction, Heat and Light Co. participation certificate 
100 shares United Gas Improvement Co., . 
750 " Philadelphia Electric Co., 
100 " Lehigh Coal & Navigation Co., 
United R'ys Investment Co. 5s, 
Pere Marquette R.R. Co. ref. mortgage 4s, 
100 shares Atchison, Topeka & Santa Fe R.R., 
200 " United States Steel Co., preferred, 
300 " United States Steel Co., common, 

50 " Wabash R.R., common, . 
Atchison, Topeka & Santa F6 R.R. 4s, 
United Railways Investment Co. 5s, 
300 shares United States Steel Co., preferred, 
100 " Erie R.R., common, 
200 " Southern R.R., common, 
100 " Reading Co., common, 
100 " Atlantic Coast Line, common, . 
Columbus, Newark and Zanesville Electric R.R. 5s, 
Wilkes-Barre & Hazelton R.R. 5s, 
Peoria R.R. 1st ref. mortgage 5s, 



Company's 
Market Value. 
$3,000 00 
38,850 00 } 
18,843 75 \ 
5,500 00 J 
5,000 00 
1,500 00 \ 
2,500 00 / 
9,400 00 
6,093 75 
10,200 00 
1,800 00 
810 00 
10,500 00 
20,950 00 
14,475 00 
1,000 00 
5,520 00 
9,000 00 
31,425 00 
4,300 00 
6,400 00 
6,687 50 
13,500 00 
16,830 00 
1,970 00 
10,000 00 



Loaned 

Thereon. 

$2,800 00 

50,000 00 

4,100 00 
2.500 00 



25,000 00 

25,000 00 

25,000 00 
25,000 00 
25,000 00 

24,000 00 



$256,055 00 $208,400 00 



Schedule B. Stocks and Bonds 

Railroad Stocks. 
70 shares Chestnut Hill, .... 

306 " Illinois Southern, .... 
1,000 " Pennsylvania, .... 
331 " Phila., Germantown and Norrist'n, 
500 " Philadelphia Traction, . 

Bank Stocks. 
150 shares Union National, Philadelphia, Pa., . 



OWNED BY THE COMPANY. 

Book Value. Rate. Market Value. 



$6,401 75 
7,650 00 
68,687 50 
30,666 36 
28,709 37 

36,975 00 



130 

138| 

314 

183 

240 



$4,550 00 

69,187 50 
51,967 00 
45,750 00 

36,000 00 



FIRE ASSOCIATION OF PHILADELPHIA, 



207 



Miscellaneous Stocks. 
31 shares Fire Association, . 
500 " General Asphalt Co. of Am., pref., 
20 " Philadelphia Bourse, 
15 " Philadelphia Bourse, pref., 
5 " Underwriters' Salvage Co., 
State and Municipal Bonds. 

Atlantic City, N. J., 5s, 1925, 

Birmingham, Ala., 6s, 1911, 

Birmingham, Ala., 6s, 1922, 

Birmingham, Ala., 5s, 1930, 

Duluth, Minn., 5s, 1926, . 

Georgia, State of, 4^-s, 1911, 

Georgia, State of, 4-^-s, 1915, 

Petersburg, Va., 5s, 1929, 

Portland, Ore., 5s, 1922, 

Port of Portland, Ore., 5s, 1922, 

Richmond, Va., 4s, 1920-29, 

Richmond, Va., 6s, 1907, 

Richmond, Va., 6s, 1908, 

Richmond, Va., 6s, 1909, 

Richmond, Va., 6s, 1910, 

Richmond, Va., 6s, 1912, 

Tacoma, Wash., 5s, 1913, 

Railroad Bonds. 
Atchison, Topeka & Santa F6 4s, 1928, 
Belt Railroad and Stock Yards 6s, 1911, 
Boston & Worcester Street 4^s, 1923, 
Brooklyn Union Elevated 4s, 1950, . 
Camden & Atlantic 5s, 1911, . 
Central of Georgia cons, mortgage 5s, 1945, 
Central of Georgia (Chat. Division) 4s, 1951, 
Central Passenger of Pittsburg 6s, 1924, . 
Chesapeake & Ohio 4-|s, 1992, . 
Chesapeake & Ohio 4s, 1907, . 
Chicago, Rock Island & Pacific 4s, 1988, . 
Cincinnati, Dayton & Ironton 5s, 1941, 
Cincinnati, Hamilton & Dayton 5s, 1942, . 
Cleveland Electric 5s, 1913, 
Cleveland, Lorain & Wheeling 5s, 1933, 
Connecticut Railway & Lighting Co. 4^s, 1951, 
Detroit & Northwestern 4-|s, 1921, . 
Detroit, Roch., Romeo & Lake Orion 5s, 1920, 
Elmira, Courtland & Northern 5s, 1914, 
Elmira Water, Light & Railroad Co. 5s, 1949, 
Erie general lien 4s, 1996, 

Erie.4£s, 1908, 

Evansville & Terre Haute 5s, 1942, . 

Fairmont Park Transportation Co. 5s, 1912, 

Fort Pitt Traction Co. 5s, 1935, 

Indianap. Traction & Terminal Co. 5s, 1933, 

Iron Mountain Car trust 5s, 1905-09, 

Lehigh Valley 6s, 1923, . 

Lehigh Valley 4^s, 1923, 

Lehigh Valley Coal Co. 5s, 1933, 

Louisville & Nashville 6s, 1930, 

Lynn & Boston 5s, 1924, 

Metropolitan (Cross-Town) 5s, 1920, 

Missouri, Kansas & Oklahoma 5s, 1942, 

Missouri Pacific 5s, 1917, 

Newark Passenger 5s, 1930, 

Northern Pacific 4s, 1997, 

Ohio River 5s, 1936, .... 

Omaha & Council Bluffs Street 5s, 1928, . 

Pennsjdvania convertible 3-^s, 1912, . 

People's of Syracuse 5s, 1921, . . . 

Philadelphia City Passenger 5s, 1910, 

Philadelphia & West Chester Traction 4s, 1954, 

Pittsburg 5s, 1915, 

Pittsburg, McKeesport & Greensburg 5s, 1931, 

Reading 4s, 1997, 

Seaboard Air Line 5s, 1911, 



Book Value. 


Rate. 


Market Value. 


$8,947 86 


700 


$10,850 00 


67,577 50 


31£ 


15,875 00 


1,000 00 


11 


110 00 


375 00 


12 


45 00 


500 00 


100 


500 00 


27,445 00 


112 


28,000 00 


17,758 25 


104^ 


17,242 50 


23,100 00 


113 


22,600 00 


32,200 00 


106£ 


31,950 00 


109,996 25 


lllf 


111,375 00 


> 26,875 00 | 


105 
111 


21,000 00 
5,550 00 


53,500 00 


H2i 


56,250 00 


16,950 00 


112| 


16,856 25 


41,325 00 


111 


43,290 00 


64,663 00 


101i 


66,420 00 




r 100 


8,400 00 




102 


204 00 


■ 20,454 00 


103f 


2,282 50 




105£ 


3,587 00 




108f 


326 25 


61,450 00 


105 


63,000 00 


47,125 00 


96 


48,000 00 


52,500 00 


106f 


53,375 00 


50,250 00 


102 


51,000 00 


60,300 00 


104£ 


62,700 00 


31,425 00 


104 


31,200 00 


45,543 75 


109 


54,500 00 


45,000 00 


92 


46,000 00 


29,812 50 


112 


28,000 00 


84,277 50 


103| 


83,936 25 


48,205 00 


99f 


49,875 00 


25,600 70 


99| 


24,937 50 


24,250 00 


108| 


27,187 50 


20,200 00 


106 


21,200 00 


60,512 50 


100 


60,000 00 


53,750 00 


112i 


56,250 00 


49,750 00 


102 


51,000 00 


29,400 00 


97^ 


29,250 00 


52,875 00 


104£ 


52,250 00 


37,790 00 


104 


37,440 00 


21,661 00 


100 


25,000 00 


44,625 00 


87i 


43,750 00 


25,000 00 


99^ 


24,875 00 


51,500 00 


107 


53,500 00 


52,537 50 


99 


49,500 00 


57,825 00 


108 


54,000 00 


24,250 00 


97 


24,250 00 


50,927 60 


100 


50,000 00 


98,583 33 


121 


121,000 00 


74,000 00 


106 


79,500 00 


26,850 00 


110* 


27,625 00 


53,500 00 


114* 


62,975 00 


51,125 00 


109| 


54,687 50 


26,781 25 


102* 


25,625 00 


53,812 50 


106 


53,000 00 


26,312 50 


103* 


25,875 00 


22,040 00 


111* 


24,530 00 


33,966 25 


102 


34,680 00 


24,000 00 


116 


29,000 00 


48,625 00 


99 


49,500 00 


48,000 00 


98 


49,000 00 


13,920 00 


108 


14,040 00 


53,500 00 


102* 


51,250 00 


22,500 00 


93 


23,250 00 


25,530 00 


100 


25,000 00 


23,250 00 


100 


25,000 00 


43,212 50 


99 


49,500 00 


26,250 00 


100* 


25,125 00 



208 



fireman's fund INSURANCE CO, 



Seaboard & Roanoke 5s, 1926, 

Southern equipment notes 4s, 1907, . 

St. Jo. R'y Light, Heat & Power Co. 5s, 1937, 

St. Lo. & San Francisco equip, notes 4s, 1912, 

St. Louis & San Francisco equip, notes 4s, 1908 

Terminal Association, St. Louis, 5s, 1944, 

Toledo Electric Street 5s, 1912, 

Toledo & Ohio Cent. (St. Mary's Div.) 4s, 1951, 

Trenton Street 5s, 1938, . 

United Railways & Elec. Co. 4s, 1949, 

United Traction, Pittsburg, 5s, 1997, 

Wabash (Omaha Div.) 3*s, 1941, 

West Pennsylvania 5s, 1931, . 

Wheeling 6s, 1922, 

Wheeling & Lake Erie 4*s, 1910, 

Wheeling Traction 5s, 1931, . 

Wilkinsburg & E. Pittsburg Street 5s, 1929, 

Wilmington & Chester Trac. coll. trust 5s, 1918, 

Miscellaneous Bonds. 
Chicago Edison Co. 5s, 1926, . 
Chicago Suburban Water & Light Co. 5s, 1949, 
Colorado Springs Electric Co. 5s, 1920, 
Edison Electric Light Co., Phila., 5s, 1946, 
Harrisburg Light, Heat & Power Co. 5s, 1924, 
Laclede Gas Light Co. 5s, 1934, 
Lehigh Coal & Navigation Co. 7s, 1911, 
Passaic Steel Co. 5s, 1951, 
Philadelphia Co. 5s, 1951, 
Pikes Peak Hydro-Electric Co. 5s, 1923, 
Trenton Gas & Electric Co. 5s, 1949, 
United Gas & Electric Co., N. J., 5s, 1922, 
West Chester Lighting Co. 5s, 1950, . 
Westinghouse Electric & Manuf. Co. 5s, 1913, 



Book Value. 
$51,625 00 
48,357 40 
50,562 50 
23,940 00 
23,625 00 
74,450 00 
52,190 00 
46,195 00 
19,000 00 
20,750 00 
49,750 00 
21,875 00 
25,000 00 
21,300 00 
25,000 00 
49,500 00 
54,875 00 
50,500 00 

52,250 00 
25,000 00 
45,000 00 
13,325 00 
25,500 00 
26,250 00 
102,856 95 
47,500 00 
26,000 00 
23,750 00 
40,625 00 

20,500 00 
24,575 00 

5,907,485 07 



Rate. 
112 

99* 
102 

95f 

99 
117i 

99 

96 
118 

90 
112 

82 

99 
105 

98* 

97* 
110 
101 

100* 

93 * 

95 
105| 

95 
102* 
111 

20 
101 

107 
101 
101* 
103 



Market Value. 
$56,000 00 
49,750 00 
51,000 00 
23,906 25 
24,750 00 
87,937 50 
49,500 00 
48,000 00 
23,600 00 
27,000 00 
56,000 00 
20,500 00 
24,750 00 
21,000 00 
24,625 00 
48,750 00 
55,000 00 
50,500 00 

50,250 00 
23,375 00 
47,500 00 
13,747 50 
23,750 00 
25,625 00 
111,000 00 
10,000 00 
25,250 00 

42,800 00 

2,525 00 

20,300 00 

24,720 00 



5,939,718 00 



FIREMAN'S FUND INSURANCE COMPANY, SAN FRANCISCO, CAL. 

Incorporated May 3, 1863. Commenced business June 18, 1863. 

Paid-up Capital, $1,000,000. 

WM. J. DUTTON, President. LOUIS WEINMANN, Secretary. 

Home Office, Jfil California Street. 

Income. 
Net fire premiums, $1,104,123.97; marine, $255,197.73, 



Interest on mortgage loans, $6,368.25; collaterals, $8,579.88 
stocks and bonds, $134,748 . 57 ; all other, $5,352 . 36, 

Rents, ......... 

Profit on sale or maturity of ledger assets, 

Orders for 8,606.81 shares of stock to be issued 
in 1907 at $100 per share, accepted by policy 
holders during 1906 in settlement of claims, . $860,681 00 

Premium on the same at $400 per share, . . 3,442,724 00 



$1,359,321 70 

155,049 06 

8,676 95 

439,651 67 



Assessment on capital stock, ..... 

Total income, . , 

Ledger assets, Dec. 31, 1905, plus error in 1905 statement, 

Total, 



4,303,405 00 
. 1,654,225 00 

. $7,920,329 38 
. 6,957,244 32 

$14,877,573 70 



fireman's FUND INSURANCE CO. 



209 



Disbursements. 
Net amount paid for fire losses, $7,529,604.03; marine, $284,- 
507.78, ....... 

Interest and dividends to stockholders, . 
Commissions or brokerage, .... 

Salaries, fees, etc., of officers and employees, 
Rents, ....... 

Real estate taxes, $2,462.35; other taxes and fees, $72,996.81, 
Loss on sale or maturity of ledger assets, 
Legal expenses, ...... 

Advertising, ...... 

Agency expenses, ...... 

Marine expenses, ...... 

Reinsurance under contract with Firemen's Fund Ins 
Profit and loss, ...... 

Traveling expenses, ..... 

All other disbursements, .... 



Corporat'n 



57,814,111 81 

40,000 00 

261,364 06 

120,478 09 

2,100 00 

75,459 16 

86,088 52 

3,186 50 

22,624 26 

50,315 60 

14,-512 00 

2,481,730 00 

68,287 61 

9,200 00 

19,884 50 



Total disbursements, 
Balance, 



$11,069,342 11 
. $3,808,231 59 



Ledger Assets. 

Real estate, $26,482.50; mortgages, $18,000, .... $44,48250 

Stocks and bonds (schedule A), 1,902,822 31 

Cash in banks, 1,305,801 46 

Advances on marine losses, ....... 1,675 32 

Unpaid assessments on capital stock secured by stock of the Fire- 
men's Fund Insurance Corporation held as collateral, . . 553,450 00 



Total ledger assets, . . . 

Assets not admitted. 
Advances on marine losses, .... 
Book value of stocks and bonds over market value, 
Total unadmitted assets, . . - 



$3,808,231 59 



$1,675 32 
863,799 72 



Total admitted assets,. ....... 

Liabilities. 

Unpaid losses, including $13,070 resisted, $741,943.30; less rein- 
surance, $244,080 .77, 

Contingent liability under agreement with policy holders' com., . 
Stock orders issued to loss claimants, ..... 



865,475 04 
1,942,756 55 



All liabilities, except capital and surplus, 
Surplus to policy holders, 
Paid-up capital, . ... 

Surplus over capital and general liabilities, 



$1,429,987 88 



$497,862 53 
154,225 00 
860,681 14 

$1,512,768 67 

1,000,000 00 

429,987 88 



Total liabilities, 



!,942,756 55 



210 



fireman's FUND INSURANCE CO. 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1905, 
Fire risks written during 1906, 

Total, 

Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, 



$477,520,945 00 
146,751,760 Op 

$624,272,705 00 
191,252,129 00 

$433,020,576 00 
60,435,826 00 



Premiums. 

^5,896,347 77 
1,679,579 48 

57,575,927 25 
2,377,640 18 

55,198,287 07 
727,170 04 



Reinsured in Firemens' Fund Ins. Corp., . $372,584,750 00 $4,471,117 03 



Marine risks outstanding Dec. 31, 1905, 
Marine risks written during 1906, . 

Total, 

Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, 



$29,258,742 00 
52,985,670 00 



244,412 00 

60,235,926 00 

$22,008,486 00 

5.201,266 00 



$709,894 37 
546,993 06 

1,256,887 43 
630,702 73 

$626,184 70 
257,840 73 



Reinsured in Firemen's Fund Ins. Corp., . $16,807,220 00 $368,343 97 



Miscellaneous. 

Premiums received from organization of company, . 

Losses paid from organization of company, 

Fire losses incurred during the year, 

Marine losses incurred during the year, 

Cash dividends declared from organization of company, 

Dividends declared during the year (4 per cent.), 

Company's stock owned by directors, 



$55,774,683 00 

35,386,730 00 

6,791,067 00 

189,397 00 

3,876,000 00 

40,000 00 

124,400 00 



Schedule A. Stocks and Bonds owned by the Company. 



Bank Stocks. Book Value. 

50 shares American National, San Fran., Cal., $6,500 00 

300 " Anglo California Limited, . . 22,545 88 

380 " Bank of California, San Fran., Cal., 137,167 00 

11 " First National, Los Angeles, Cal., . 4,400 00 

100 " Mercantile Tr't Co., San Fran., Cal., 10,000 00 

86 " San Francisco National, . . 6,154 50 

8 " Seaboard, San Francisco, Cal., . 680 00 

100 " Security Savings, San Fran., Cal., . 38,150 00 

10 " Union Trust, San Francisco, Cal., . 18,000 00 

Miscellaneous Stocks. 
3,000 shares Home Fire & Marine Insurance Co., 1,200,403 50 

Government Bonds. 

United States 4s, 1925, 9,776 56 

Municipal Bonds. 
Baker City, Ore., 6s, 1908, . . . • \ « ocn nr» 

Baker City, Ore., 6s, 1913, . . . . / b ' b5U UU 

Redondo, Cal., Union High Sch. Dist. 5s, 1906-30, 26,437 50 

Sebastopol Sch. Dist., Sonoma Co., Cal., 4*s, 1935, 25,522 92 

Railroad Bonds. 

Hilo, Honolulu, T. H., 6s, 1921, . . . 47,500 00 

North Pacific Coast 5s, 1912, .... 51,460 00 

Oakland Transit Co. 5s, 1931, .... 11,775 00 

• Miscellaneous Bonds. 
California Central Gas & Electric 5s, 1931, . ■ 25,625 00 

California Gas & Electric Corporation 5s, 1933, . 56,435 00 

Edison Electric Co. 5s, 1922, .... 28,253 10 



Rate. 
130 
176 
367* 
430 
227 
135* 

90 
160 
300 

100 

129f 

100 

105* 

109| 

104 

98 
102 

108* 

104* 
86 
101 



Market Value. 

$6,500 00 

26,400 00 

139,650 00 

4,730 00 

22,700 00 

11,653 00 

720 00 

40,000 00 

30,000 00 

300,000 00 

12,962 50 

2,000 00 

5,275 00 

27,343 75 

25,133 34 

49,000 00 
45,900 00 
10,850 00 

26,125 00 
59,340 00 
26,260 00 



firemen's fund insurance corporation. 



211 



San Francisco Gas & Electric Co. 4^-s, 1933, 
Spring Valley Water Works 4s, 1923, 
United Electric Gas & Power Co. 5s, 1920, 
Valley Counties Power Co., Cal., 5s, 1930, 



Book Value. 

$60,142 50 
54,630 00 
21,088 85 
33,325 00 


Rate. 

96f 

93 

101 

102 


Market Value. 

$58,050 00 

47,430 00 

20,200 00 

40,800 00 


$1,902,822 31 


$1,039,022 59 



FIREMEN'S FUND INSURANCE CORPORATION, 
SAN FRANCISCO, CAL. 

Incorporated May 17, 1906. Commenced business May 22, 1906. 

Paid-up Capital, $800,000. 

WM. J. DUTTON, President. LOUIS WEINMANN, Secretary. 

Home Office, Ifil California Street. 

Income. 

Net fire premiums, $3,886,846.64; marine, $800,037.91, . . $4,686,884 55 

Interest on mortgage loans, $5,372.42; collaterals, $5,948.16; 

stocks and bonds, $29,320.87; deposits, $2,909.18, . . 43,550 63 

Rents, including company's own occupancy, .... 4,028 75 

Profit on sale of stocks and bonds, ...... 46,172 50 

Profit and loss, 23 44 

Premium on capital, 289,700 00 



Total income,. 
Ledger assets, May 22, 1906, 

Total . 



Disbursements 



Net amount paid for fire losses, $640,524.47 

669.77, 

Commissions or brokerage, 

Salaries, fees, etc., of officers and employees, 

Rents, including company's own occupancy, 

Repairs and expenses on real estate, 

Real estate taxes, $2,993.05; other taxes and fees, $30,278.50, 

Loss on sale of bonds, . 

Advertising, stationery and supplies, 

Agency expenses, . 

Marine expenses, . 

Profit and loss, 

Traveling expenses, 

Local boards, 

General expenses, . 

Total disbursements, 



Balance, ..... 

Ledger Assets 
Real estate, $550,000; mortgages, $230,600, 
Loans secured by collateral (schedule A), 
Stocks and bonds (schedule B), 
Cash in banks and office, . . . . 

Agents' balances, ..... 



marine, $290,- 



$5,070,359 87 
800,000 00 

$5,870,359 87 



$931,194 24 

235,166 42 

216,174 95 

4,000 00 

16,679 35 

33,271 55 

3,675 00 

50,302 18 

52,619 50 

18,420 00 

81 67 

49,192 90 

10,177 48 

22,781 97 

$1,643,737 21 

$4,226,622 66 



$780,600 00 
132,350 00 

2,082,825 50 
457,786 09 
727,709 49 



212 firemen's fund insurance corporation. 

Bills receivable, . . . $33,637 65 

Due on open accounts, ........ 172 91 

Due from other companies, ....... 11,541 02 



Total ledger assets, $4,226,622 66 

Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $1,418.81; collateral loans, $1,110.59, . . 2,529 40 

Market value of stocks and bonds over book value, . . . 3,203 25 



Gross assets, . . $4,232,355 31 

Assets not admitted. 

Agents' balances over three months due, . $15,763 95 

Special deposits less $100,795 liability thereon, 38,830 00 

Due on open accounts, ..... 172 91 

Due from unauthorized company, . . . 763 58 

Total unadmitted assets, . . . 55,530 44 



Total admitted assets, ....... $4,176,824 87 

Liabilities. 
Unpaid losses, including $4,250 resisted, $340,694.78; less rein- 
surance, $78,612.60, $262,082 18 

Unearned premiums on outstanding risks, . $2,601,606 75 

Plus same on disallowed reinsurance, . . 41,455 85 2,643,062 60 

Commissions and other charges due agents and brokers, . . 90,263 57 



All liabilities, except capital and surplus, .... $2,995,408 35 
Surplus to policy holders, .... $1,181,416 52 

Paid-up capital, . . . 800,000 00 

Surplus over capital and general liabilities, . . . . 381,416 52 



Total liabilities, $4,176,824 87 

Risks and Premiums. 



Fire risks written during 1906, 
Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, 

Net amount in force, 

Marine risks written during 1906, 
Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, 



Premiums. 

,097,466 00 *$7,472,606 78 
198,061,026 00 2,445,101 43 



$408,036,440 00 $5,027,505 35 
27,190,385 00 372,264 00 



$380,846,055 00 $4,655,241 35 

$180,853,782 00 *$1,735,935 65 
146,954,466 00 1,025,357 63 



$33,899,316 00 $710,578 02 
7,831,838 00 294,855 29 



Net amount in force, . . . $26,067,478 00 $415,722 73 

* Includes all premiums of the Fireman's Fund Insurance Company in force at time of re-insur- 
ance and on which this "Corporation." carries the same liability for unearned premiums which the 
Fireman's Fund Insurance Company would have maintained had it retained the risks. 



firemen's fund insurance corporation. 



213 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, 
Fire losses incurred during the year, 
Marine losses incurred during the year, 
Company's stock owned by directors, 

Schedule A. Securities held as Collateral. 



250 shares Contra Costa Water Co., 

Pacific Gas & Electric Co. bonds, 
250 shares Pacific Borax Co., 

2,487 " Watsonville Water Power Co., 

Sierra Railway Co. bonds, 
100 shares California Safe Deposit & Trust Co 
100 " El Dorado Lumber Co., 
600 " California Safe Deposit & Trust Co 



Company's 
Market Value. 
$15,000 00 
12,000 00 
38,000 00 
62,175 00 
16,800 00 

| 12,950 00 

77,700 00 



[,686,885 00 

913,194 00 

801,993 00 

361,375 00 

88,700 00 



Loaned 
Thereon. 

$6,250 00 
8,100 00 
25,000 00 
25,000 00 
10,000 00 

10,000 00 

48,000 00 



$234,625 00 $132,350 00 



129f 181,475 00 



Schedule B. Stocks and Bonds owned by the Company. 

Railroad Stocks. Book Value. Rate. Market Value. 

550 shares Presidio & Ferries, . . . $11,000 00 25 $13,750 00 

100 shares American Nat'l, Los Angeles, Cal., . 11,600 00 116 11,600 00 

300 " Anglo Calif ornian, San Fran., Cal., . 26,100 00 176 26,400 00 

200 " Bank of California, San Francisco, . 73,400 00 367£ 73,500 00 

10 " Bankers Trust, Oakland, Cal., . 5,000 00 100 5,000 00 

50 " Citizens' National, San Francisco, . 5,500 00 105 5,250 00 

130 " NT of D. O. Mills, Sacramento, Cal., 39,000 00 350 45,500 00 

500 " San Francisco National, Cal., . 62,500 00 135£ 67,750 00 

50 " Union National, Oakland, Cal., . 8,250 00 240 12,000 00 
Miscellaneous Stocks. 

100 shares Marin County Water Co., Cal., . 5,000 00 124 6,200 00 

656 " Mission Rock Co., San Francisco, . - 5 3,280 00 

24 " Pacific Salvage Co., Cal., . . 3,250 00 100 2,400 00 

743 " Pacific States Tel. & Tel. Co., . 69,733 00 . 110 81,730 00 

656 " San Francisco Dry Dock, . . 39,360 00 120 39,360 00 

1,200 " Spring Valley Water Co., San Fran., 27,600 00 50 30,000 00 

Government Bonds. 

United States 4s, 1925, 181,900 00 

Lockwood School District, Cal., 5s, 1911, . . 1,020 00 102| 1,027 50 

Railroad Bonds. 

Market Street, San Francisco, Cal., 5s, 1924, . 155,680 00 110^ 153,595 00 

North Pacific Coast 5s, 1912, .... 35,000 00 102 35,700 00 

Oakland Traction 5s, 1933, .... 52,500 00 101 50,500 00 

Ocean Shore 6s, 1935, 28,200 00 80 24.000 00 

Omnibus Cable 6s, 1918, .... 134,400 00 118 132J160 00 

Park and Cliff House 6s, 1913, . . . 5,250 00 102 5,100 00 

Petaluma & Santa Rosa 5s, 1942, . . . 39,390 00 100 38,000 00 

Presidio & Ferries 6s, 1911, .... 18,460 00 100 18,000 00 

San Francisco, Oakland & San Jose 5s, 1933, . 103,500 00 110 101,200 00 

San Jose & Alum Rock 6s, 1913, . . . 8,640 00 105 8,400 00 

South Pacific Coast 4s, 1937, .... 213,400 00 90 198,000 00 

Sutter Street 5s, 1918, 56,710 00 108 57,240 00 

Miscellaneous Bonds. 

California Gas & Electric Co. 5s, 1933, . . 5,340 00 86 5,160 00 

Edison Electric Co., Los Angeles, Cal., 5s, 1922,. 50,000 00 101 50,500 00 

Hanford Gas & Power Co. 6s, 1907, . . . 2,010 00 100 2,000 00 

Keswick Electric Power Co., Cal., 5s, 1931, . 21,000 00 100 20,000 00 

Los Angeles Lighting Co. 5s, 1924, . . . 10,500 00 104 10,400 00 

Los Angeles Pacific General 5s, 1946, . . 51,500 00 100 50,000 00 

Nevada Co. Electric Power Co., Cal., 6s, 1928, . 28,860 00 110 28,600 00 

Northern California Power Co. 5s, 1932, . . 14,012 50 101 15,150 00 

Oakland Gaslight & Heat Co. 5s, 1916, . . 107,457 50 106| 105,311 25 



214 



FIREMEN S INSURANCE CO. 



Pacific Gas & Improvement Co. 4s, 1930, 
Risdon Iron & Locomotive Works, Cal., 5s, 1917, 
Riverside Water Co., Cal., 4$-5fcs, 1912, . 
San Francisco Dry Dock 5s, 1931, 
Siskiyon Electric Power Co., Cal., 6s, 1923, 
Spring Valley Water Co., San Fran., 4s, 1923, 
Standard Electric Co., Cal., 5s, 1939, 
Stockton Gas & Elec. Co., Stockton, Cal., 6s, 1909, 
Sunset Telephone & Telegraph Co. 5s, 1929, 



Book Value. 
$32,980 00 
55,000 00 
20,000 00 
5,600 00 
15,000 00 
79,077 50 
13,500 00 
54,000 00 
95,645 00 

5,082,825 50 



Rate. 

94 
100 

90 
110 
101 

93 

91 
102£ 
106 



Market Value. 
$31,960 00 
55,000 00 
18,000 00 
5,500 00 
15,150 00 
81,840 00 
13,650 00 
55,350 00 
94,340 00 

$2,086,028 75 



FIREMEN'S INSURANCE COMPANY, NEWARK, N. J. 

Incorporated Dec. 3, 1855. Commenced business Dec. 3, 1855. 

Paid-up Capital, $1,000,000. 

DANIEL H. DUNHAM, President. A. H. HASSINGER, Secretary. 

Home Office, 784 Broad Street. 

Income. 

Net fire premiums, $1,686,702 77 

Interest on mortgage loans, $84,218.16; stocks and bonds, 

$94,752.55; allother, $704.63, 179,675 34 

Rents, 11,825 47 

Profit on sale of stocks, . . . . . . . 3 00 



Total income, . 

Ledger assets, Dec. 31, 1905, .... 

Total, 

Disbursements. 
Net amount paid for fire losses, 
Interest and dividends to stockholders, . 
Scrip redeemed in cash, .... 

Commissions or brokerage, .... 

Salaries, fees, etc., of officers and employees, 
Repairs and expenses on real estate, 
Real estate taxes, $7,279 . 63 ; other taxes and fees, 
Premium on stocks and bonds purchased, 
Adjustment expenses, ..... 

Agency expenses, ...... 

All other disbursements, 

Total disbursements, .... 

Balance, ...... 

Ledger Assets. 
Real estate, $111,217.62; mortgages, $1,929,925, 
Stocks and bonds, (schedule A), 
Cash in banks and office, ... 

Agents' balances, . . .• 

Total ledger assets, .... 

Non-Ledger Assets. 
Interest due and accrued on mortgages, . 
Rents due on company's, property, . 



78, 



H,878,206 58 
3,222,476 48 

^5,100,683 06 



5531,791 93 

150,000 00 

17 25 

431,975 99 

50,181 21 

1,985 29 

42,269 41 

41,980 25 

15,230 35 

41,040 53 

15,920 05 

,322,392 26 

!,778,290 80 



12,041,142 62 

1,519,800 00 

40,021 95 

177,326 23 

53,778,290 80 



25,629 82 
193 00 



FIREMEN, S INSURANCE CO. 



215 



Market value of stocks and bonds over book value, 
Due from other companies, .... 

Gross assets, ...... 

Assets not admitted. 

Agents' balances over three months due, . 
Due from unauthorized company, . 
Total unadmitted assets, 

Total admitted assets, .... 

Liabilities. 
Unpaid losses, including $8,817.25, resisted, . 
Less reinsurance, ...... 

Unearned premiums on outstanding risks, 
Unpaid scrip, ...... 

All liabilities, except capital and surplus, . 
Surplus to policy holders, .... 

Paid-up capital, ...... 

Surplus over capital and general liabilities, 



$328 34 
6 25 



$079,328 50 
1,483 50 

4,484,925 62 



334 59 



$4,484,591 03 



$133,166 66 

3,728 58 



^2,907,957 05 



Total liabilities, 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1905, 
Fire risks written during 1906, 

Total, 

Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, 

Net amount in force, 



. $190,828,665 00 
. 140,783,629 00 

. $331,612,294 00 
. 80,428,297 00 

. $251,183,997 00 
9,198,611 00 



$129,438 08 

1,445,326 15 

1,869 75 

51,576,633 98 

1,000,000 00 

1,907,957 05 

14,484,591 03 



Premiums. 

^1,797,552 80 
2,011,134 74 

53,808,687 54 
1,244,875 36 

52,563,812 18 
81,065 11 



$241,985,386 00 $2,482,747 07 



Miscellaneous. 
Premiums received from organization of company, . 
Losses paid from organization of company, 
Fire losses incurred during the year, 
Cash dividends declared from organization of company, 
Stock dividends declared from organization of company, 
Dividends declared during the year (15 per cent.), 
Company's stock owned by directors, 



$14,765,498 00 

6,677,208 00 

585,531 00 

2,660,500 00 

850,000 00 

150,000 00 

136,100 00 



Schedule A. Stocks and Bonds owned by the Company. 



400 

1,200 

1,400 

72 

600 

150 

150 

400 
100 



Railroad Stocks. 
shares Consolidated Traction Co., N. J 

" Delaware, Lack. & Western, 

" Morris & Essex, 

" Northern of New Jersey, 

" Pennsylvania, 

" Rapid Transit, 

" United N. J. R.R. & Canal Co., 
Bank Stocks. 
shares Essex County N'l, Newark, N. 

" Manufacturers N'l, Newark, N. 



J., 
J.. 



Book Value. 
$40,000 00 
60,000 00 
70,000 00 
7,200 00 
30,000 00 
15,000 00 
15,000 00 

20,000 00 
10,000 00 



Rate. 

75 
515 
182 

97 
138f 
245 
255 

325 
235 



Market Value. 

$30,000 00 

309,000 00 

127,400. 00 

6,984 00 

41,512 50 

36,750 00 

38,250 00 

65,000 00 
23,500 00 



216 



FIREMEN S MUTUAL INSURANCE CO. 



200 shares Merchants' Nat'l, Newark, N. J., 
800 " N'l New. Bkg. Co., Newark, N. J., 
650 " National State, Newark, N. J., 
Miscellaneous Stocks. 
2 shares General Adjustment Bureau, . 
400 " Newark Consolidated Gas Co., . 
529 " N. Y. & N. J. Telephone Co., . 
1 share Western Adjustment & Inspec. Co., 
State and Municipal Bonds. 

Elizabeth, N. J., 4s, 1922, 

Georgia 4^s, 1915, . 

Railroad Bonds. 

Central of New Jersey 5s, 1987, 

Cent, of N. J. (Am. Dock & Imp. Div.) 5s, 1921, 

Consolidated Traction Co. 5s, 1933, 

Easton & Amboy 5s, 1920, 

Lehigh Valley Terminal 5s, 1941, 

Morris & Essex 7s, 1915, . 

Newark Passenger 5s, 1930, 

New Jersey & New York 6s, 1910, 

New York & Greenwood Lake 5s, 1946, 

N. Y., Lake Erie & West. Dock & Imp. 6s, 1913 

N. Y., Susquehanna & Western 5s, 1937, 

North Hudson County 5s, 1928, 

North Hudson County 6s, 1914, 

North Hudson County Extension 5s, 1924, 

Trenton Passenger 6s, 1931, 

Miscellaneous Bonds. 

Atlantic City Water Co. 5s, 1925, 

Consumers Heat, Light & Power Co. 5s, 1938, 

Hackensack Water Co. 4s, 1952, 

Hudson County Gas 5s, 1949, 

Newark Consolidated Gas Co. 5s, 1948, 

Newark Gas Co. 6s, 1944, 

Passaic Water Co. 5s, 1937, 

Trenton Gas & Electric Co. 5s, 1949, . 

United Electric Co. of New Jersey 4s, 1949, 



Book Value. 

$20,000 00 

40,000 00 

32,500 00 

100 00 
40,000 00 
52,900 00 

100 00 

25.000 00 
10,000 00 

100,000 00 
20,000 00 

100,000 00 
40,000 00 

100,000 00 
50,000 00 
50,000 00 
20,000 00 
25,000 00 
20,000 00 
40,000 00 
25,000 00 
20,000 00 
20,000 00 
30,000 00 

22,000 00 
10,000 00 
20,000 00 
40,000 00 

100,000 00 
50,000 00 
20,000 00 
10,000 00 

100,000 00 

,519,800 00 



Rate. 
275 
325 
210 

100 

91 

128 

100 

100 
111 

126 

109* 

1051 

llli 

1171 

123 

llli 

102 

115 

111J 

113i 

112 

1121 

104 

120 

111 
105 

92 
104 
106 
134 
106 
107 

70i 



Market Value. 

$55,000 00 

130,000 00 

68,250 00 

100 00 
36,400 00 
67,712 00 

100 00 

25,000 00 
11,100 00 

126,000 00 
21,900 00 

105,500 00 
44,600 00 

117,500 00 
61,500 00 
55,750 00 
20,400 00 
28,750 00 
22,250 00 
45,300 00 
28,000 00 
22,500 00 
20,800 00 
36,000 00 

24,420 00 

10,500 00 

18,400 00 

41,600 00 

106,000 00 

67,000 00 

21,200 00 

10,700 00 

70,500 00 

2,199,128 50 



FIREMEN'S MUTUAL INSURANCE COMPANY, PROVIDENCE, R. I. 

Incorporated May 1, 1854. Commenced business Sept. 1, 1854. 
EDWIN BARROWS, President. JOSEPH T. A. EDDY, Secretary. 

Office, 10 Weybosset Street, Providence, R. I. 

Income. 

Net premiums, $964,403 13 

Interest on stocks and bonds, $48,061 .75; all other, $8,052.05, . 56,113 80 

Profit on sale of stocks, ........ 300 00 

Dividend, Lime Rock National Bank in liquidation, . . . 500 00 



Total income, ..... 

Ledger assets, Dec. 31, 1905, .... 

Total, . 

Disbursements. 
Net amount paid for losses, .... 
Profits on terminated policies, 
Salaries, fees, etc., of officers and employees, 
Rents, 

Taxes and fees, 
Loss on sale or maturity of stocks and bonds, . 



51,021,316 93 

1,096,721 87 

52,118,038 80 



$52,637 06 

843,602 91 

14,298 49 

1,000 00 

17,621 24 

14,890 33 



firemen's MUTUAL INSURANCE CO. 217 

Inspections, $14,994 80 

All other disbursements, ....... 1,177 44 

Total disbursements, $960,222 27 

Balance, $1,157,816 53 

t -pi t-) p "p* t? Assists 
Stocks and bonds (schedule A), .... $1,002,787 50 

Cash in banks and office, . . • . . . . 144,604 96 

Premiums in course of collection, ...... 10,424 07 



Total ledger assets, ....... $1,157,816 53 

Non-Ledger Assets. 
Interest accrued on bonds, . . . . . . . 2,745 00 

Market value of stocks and bonds over book value, . . . 232,759 00 



Gross assets, ......... $1,393,320 53 

Liabilities. 

Unpaid losses, $1,621 40 

Unearned premiums on outstanding risks, .... 476,153 03 

Taxes accrued, ......... 16,076 19 



All liabilities, except surplus, . . ... . . $493,850 62 

Surplus, . . . . 899,469 91 

Total liabilities, $1,393,320 53 

Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outs'ding Dec. 31, 1905, $111,072,595 00 $883,498 40 $4,417,492 00 
Risks written during 1906, . 128,027,587 00 1,008,193 25 5,040,966 25 



Total, .... $239,100,182 00 $1,891,691 65 $9,458,458 25 
Risks expired and terminated, 118,089,728 00 939,385 60 4,696,928 00 



In force at end of year, . . $121,010,454 00 $952,306 05 $4,761,530 25 

Miscellaneous. 

Losses incurred during the year, ...... $44,988 00 

Profits or surplus returned during 1906, 94.19 per cent. 

Schedule A. Stocks and Bonds owned by the Company. 

Railroad Stocks. Book Value. Rate. Market Value. 

318 shares Chicago & Northwestern, . . $31,800 00 198| $63,043 50 

100 " CI., Cm., Chic. & St. Lo., preferred, 10,000 00 110 11,000 00 

20 " CI., Cin., Chic. & St. Louis, common, 2,000 00 90£ 1,817 50 

200 " Cleveland & Pittsburg, . 

100 " Detroit, Hillsdale & S. Western, 

100 " Fort Wayne & Jackson, preferred. 

100 " Hereford, .... 

400 " Illinois Central, 

200 " Manhattan, 

200 " Morris & Essex, 

720 " N. Y. Central & Hudson River, 

300 " N. Y., Lackawanna & Western, 

100 " N. Y., New Haven & Hartford, 

100 " Old Colony, .... 

1,020 " Pennsylvania, 

200 " Pittsburg, Bessemer & Lake Erie, 



10,000 00 177 17,700 00 

10,000 00 104 10,400 00 

10,000 00 142 14,200 00 

10,000 00 97 9,700 00 

40,000 00 165* 66,200 00 

20,000 00 142| 28,550 00 

10,000 00 182 18,200 00 

72,000 00 131 94,320 00 

30,000 00 127f 38,212 50 

18,000 00 190^ 19,050 00 

10,000 00 198 19,800 00 

51,000 00 138f 70,571 25 

7,412 50 67 6,700 00 



218 



THE FRANKLIN INSURANCE CO. OF WHEELING. 



200 shares Pittsburg, Ft. Wayne & Chicago, 
200 " Rensselaer & Saratoga, . 
300 " Rome, Watertown & Ogdensburg, 
130 " Upper Coos, .... 
210 '■' West End Street, . 

Bank Stocks. 
100 shares Blackstone Canal N'l, Prov., R. I., 
200 " N'l Bk. of Com., Providence, R. I., 

Miscellaneous Stocks. 
100 shares Gold & Stock Telegraph Co., . 
294 " Providence Gas Co., Prov., R. I., 

Government and State Bonds. 
United States 4s, 1907, 
United States 4s, 1925, 
United States coupon 3s, 1918, . 
Rhode Island 3£s, 1924, . 
Rhode Island 3s, 1946, 
Rhode Island 3s, 1936, 

Railroad Bonds. 
Chicago, Burlington & Quincy 3^s, 1949, 
Cleveland Electric, Cleveland, O., 5s, 1913, 
Columbus Street, Columbus, O., 5s, 1932, 
Detroit United, Detroit, Mich., 4^s, 1932, 
East St. Louis & Suburban 5s, 1932, . 
Lake Shore & Michigan Southern 4s, 1928, 
Long Island 4s, 1949, 
N. Y., New Haven & Hartford 4s, 1907, 
N. Y., New Haven & Hartford 3^s, 1956, 
Northern Pacific-Great Northern 4s, 1921, 
Portland, Ore., 5s, 1930, . 

Miscellaneous Bonds. 
American Tel. & Tel. Co. 5s, 1907, 
American Tel. & Tel. Co. 4s, 1929, 



Book Value. 
$27,800 00 
20,000 00 
30,000 00 
13,000 00 
10,500 00 

2,500 00 
10,000 00 

10,000 00 
14,700 00 

40,000 00 
40,000 00 
40,000 00 
100,000 00 
50,000 00 
30,000 00 

4,000 00 
10,000 00 
20,000 00 

9,425 00 
20,000 00 
25,000 00 
10,000 00 
25,000 00 

4,500 00 
55,000 00 
10,000 00 

20,000 00 
9,150 00 

$1,002,787 50 



Rate. 
173 
200 
127£ 
145 
184 

150 
130 

110 

209 

101 
129f 
102* 
104$ 
97| 
97| 

92 
100 
108 

89£ 
100 

98 

96 
100 
112 

96| 
100 

99i 
90 



Market Value. 
$34,600 00 
40,000 00 
38,2,50 00 
18,850 00 
19,320 00 

3,750 00 
13,000 00 

11,000 00 
30,723 00 

40,400 00 
51,850 00 
41,000 00 
104,875 00 
48,625 00 
29,287 50 

3,680 00 
10,000 00 
21,600 00 

8,950 00 
20,000 00 
24,500 00 

9,600 00 
25,000 00 

5,040 00 
53,281 25 
10,000 00 

19,900 00 
9,000 00 

$1,235,546 50 



THE FRANKLIN INSURANCE COMPANY OF WHEELING, 

WHEELING, W. VA. 

Incorporated Jan. 31, 1883. Commenced business March 1, 1883. 

Paid-up Capital, $200,000. 
J. N. VANCE, President. ALFRED PAULL, Secretary. 

Home Office, 35 Twelfth Street. 

Income. 

Net fire premiums, ....... 

Interest on mortgage loans, $5,870.94; stocks and bonds, 

884.43; all other, $1,272.62, 
Profit on sale or maturity of bonds, 



Total income, ..... 
Ledger assets, Dec. 31, 1905, . 

Total, 

Disbursements 
Net amount paid for fire losses, 
Commissions or brokerage, 
Salaries, fees, etc., of officers and employees, 
Rents, . . ... 

Taxes and fees, ..... 
Adjustment expenses, .... 
Printing, stationery, etc., 



$120,493 26 

15,027 99 

725 00 



$136,246 25 
310,053 93 

$446,300 18 



556 93 

26,806 83 

8,017 00 

687 50 

2,183 39 

714 26 

1,342 34 



THE FRANKLIN INSURANCE CO. OF WHEELING. 



219 



Postage, express, telegrams and exchange, 
Traveling expenses, ..... 
All other disbursements, .... 

Total disbursements, .... 

Balance, ... . 

Ledger Assets. 
Mortgages, ....... 

Loans secured by collateral (schedule A), 

Stocks and bonds (schedule B), 

Cash in banks and office, .... 

Agents' balances, . . . • , • 

Loaned on personal security, .... 

Total ledger assets, .... 

Assets not admitted. 

Agents' balances over three months due, . 
Loaned on personal security, .... 
Book value of stocks and bonds over market value, 
Total unadmitted assets, 

Total admitted assets, '. 

Liabilities. 

Unpaid losses, $11,390.85; less reinsurance, $838.85, 
Unearned premiums on outstanding risks, 
Plus same on disallowed reinsurance, 



>2,182 
5,000 
1,569 



21 

00 
75 



$86,669 
730 



57 
35 



All liabilities, except capital and surplus, 
Surplus to policy holders, 
Paid-up capital, ..... 
Surplus over capital and general liabilities, 



$259,588 44 



Total liabilities, 



Risks and Premiums. 



$726 43 
453 60 
519 58 



,007 86 



$366,292 32 



$81,000 00 
14,000 00 

236,052 25 

19,587 80 

10,652 27 

5,000 00 

$366,292 32 



8,751 96 



Fire risks outstanding Dec. 31, 1905, 
Fire risks written during 1906, 

Total, . 
Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, 

Net amount in force, 

Miscellaneous 
Premiums received since 1889,* 
Losses paid since 1889,* 
Fire losses incurred during the year, 
Cash dividends declared, 
Company's stock owned by directors, 



$10,378,795 
10,715,842 



$357,540 36 



$10,552 00 
87,399 92 



,951 92 



200,000 00 

59,588 44 

$357,540 36 



Premiums. 

00 $136,062 66 
00 137,404 78 



$21,094,637 
5,950,736 



00 $273,467 44 
00 69,687 73 



$15,143,901 
2,039,421 



00 $203,779 71 
00 33,484 93 



$13,104,480 00 $170,294 78 



$1,653,387 00 

854,354 00 

43,646 00 

108,000 00 

20,700 00 



* Books destroyed in 1889. 



220 THE FRANKLIN FIRE INSURANCE CO. OF PHILADELPHIA. 



Schedule A. Securities held as Collateral. 



100 shares Wheeling Potteries Co., 
50 " Eagle Glass & Mfg. Co., 
60 " Chas. F. Stifel & Co., 



Schedule B. Stocks and Bonds 

Stocks. 
205 shares Wheeling & Belmont Bridge Co., 

Municipal Bonds. 
Wheeling, W. Va., 6s, 1919, .... 

Railroad Bonds. 
Alabama Great Southern equipment 4^s, 1914, 
Central Vermont 4-Js, 1915, 
Georgia Railway & Electric 5s, 1932, 
Nashville, Chattanooga & St. Louis 5s, 1928, 
Pennsylvania Co. 4^s, 1907, .... 
Pittsburg Terminal 5s, 1942, .... 
Toledo & Ohio Central general mortgage 5s, 1935, 
Wheeling 6s, 1922, 

Miscellaneous Bonds. 
Fostoria Glass Co. 6s, 1913, .... 
Sharon Coke 5s, 1931, 



Company's 
Market Value. 

$8,000 00 
5,000 00 
6,600 00 



Loaned 
Thereon. 

$5,000 00 
3,000 00 
6,000 00 



$19,600 00 $14,000 00 

owned by Company. 

Book Value. Rate. Market Value. 

$3,690 00 84 $4,305 00 



10,000 00 


120 


12,000 00 


24,162 50 


96 


24,000 00 


24,937 50 


96f 


24,187 50 


17,340 00 


102 


17,340 00 


45,816 00 


112£ 


45,000 00 


14,906 25 


100 


15,000 00 


55,000 00 


105 


52,500 00 


21,200 00 


105^ 


21,100 00 


1,000 00 


105 


1,050 00 


3,000 00 


100 


3,000 00 


15,000 00 


100 


15,000 00 


$236,052 25 


$234,482 50 



THE FRANKLIN FIRE INSURANCE COMPANY OF PHILADELPHIA, 

PHILADELPHIA, PA. 

Incorporated April 22, 1829. Commenced business June 22, 1829. 

* Paid-up Capital, $400,000. 

JAS. W. MCALLISTER, President. EZRA T. CRESSON, Secretary. 

Home Office, Jf.21 Walnut Street. 
Income. 



Net fire premiums, . . . . 

Deposit premiums on perpetual risks, .... 

Interest on mortgage loans, $4,155.10; collaterals, $471.04 

stocks and bonds, $101,645.21; deposits, $2,650.91, 
Rents, ....... 

Profit on sale or maturity of stocks and bonds, 
Transfers, ....... 

Borrowed money, ...... 

Premium on increase in capital, 

From all other sources, ..... 

Total income, ........ 

Ledger assets, Dec. 31, 1905, plus $300,000 increase in capital, 

Total, . . . . 



$925,326 77 
7,399 96 

108,922 26 

4,860 18 

23,573 80 

1,208 00 

850,000 00 

300,000 00 

535 44 

£2,221,826 41 

3,270,611 98 

55,492,438 39 



* Cash capital Dec. 31, 1905, . $400,000 00 

Increase of capital during 1906 300,000 00 

Total, . . . . $700,000 00 

Decrease in cash capital during 1906 without distribution of assets, . 300,000 00 

Cash capital Dec. 31, 1906 $400,000^00 



THE FRANKLIN FIRE INSURANCE CO. OF PHILADELPHIA. 221 



Disbursements 
Net amount paid for fire losses, 
Deposit premiums returned, .... 

Interest and dividends to stockholders, . 
Commissions or brokerage, .... 

Salaries, fees, etc., of officers and employees, 
Rents, ....... 

Repairs and expenses on real estate, 

Real estate taxes, $2,582.19; other taxes and fees, $22,281 

Loss on sale or maturity of ledger assets, 

Legal expenses, 

Advertising, 

Agency expenses, . 

Borrowed money, . 

Interest on borrowed money, . 

Profit and loss, 

All other disbursements, 

Total disbursements, 

Balance, ....... 

Ledger Assets. 

Real estate, $188,272.44; mortgages, $54,548, . 
Stocks and bonds (schedule A), 

Gash in banks and office, ..... 

Agents' balances, ........ 

Total ledger assets, . . . . . 

Non-Ledger Assets. 

Interest accrued on mortgages, .... 

Market value of real estate over book value, 

Due from other company, ..... 

Gross assets, ....... 

Assets not admitted. 
Book value of stocks and bonds over market value, . 

Total admitted assets, . • . 

Liabilities. 

Unpaid losses, $167,999.04; less reinsurance, $1,823.46, 
Unearned premiums on outstanding risks, 
Reclaimable on perpetual fire policies, 
Interest accrued on scrip for new stock, . 



. $1,656,106 55 


40,316 


14 


40,000 


00 


214,589 


48 


35,555 


00 


1,446 


58 


3,817 


03 


1.82, . 24,864 


01 


4,844 


44 


1,429 


00 


11,953 


19 


77,912 


66 


850,000 


00 


13,747 


12 


101 


38 


18,724 31 


. $2,995,406 89 


. $2,497,031 


50 


. $242,820 44 


. 1,992,022 


73 


130,598 


76 


131,589 


57 


. $2,497,031 


50 


818 


22 


21,227 


56 


911 


25 


. $2,519,988 53 



All liabilities, except capital and surplus, 
Surplus to policy holders, 
Paid-up capital, ..... 
Surplus over capital and general liabilities, 

Total liabilities, .... 



,898 31 



40,855 23 
$2,479,133 30 



$166,175 58 

771,133 10 

841,175 46 

3,750 85 

1,782,234 99 

400,000 00 
296,898 31 



. $2,479,133 30 



222 THE FRANKLIN FIRE INSURANCE CO. OF PHILADELPHIA. 



Fire risks outstanding Dec. 31, 1905, 
Fire risks written during 1906, 

Total, 

Risks expired and terminated, 

In force at end of year, 
Amount reinsured, 

Net amount in force, 



Perpetual risks in force (not included above), 



Risks and Premiums. 

Premiums. 

$123,715,560 00 $1,415,146 59 
93,974,238 00 1,132,385 99 



$217,689,798 00 
81,979,354 00 



52,547,532 58 
1,008,649 47 



$135,710,444 00 $1,538,883 11 
3,925,622 00 30,942 38 



$131,784,822 00 $1,507,940 73 
$43,933,488 00 $917,560 43 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, 
Fire losses incurred during the year, 
Cash dividends declared from organization of company, 
Dividends declared during the year, 
Company's stock owned by directors, 

Schedule A. Stocks and Bonds owned by the 



Bank Stocks. 
35 shares Girard National, Philadelphia, Pa., 

State, County and Municipal Bonds. 
Allegheny, Pa., 4s,' 1934, . 
Braddock, Pa., 4s, 1918-1921, 
Camden, N. J., 4s, 1909, . 
Camden, N. J., 4s, 1911, . 
Cameron County, Pa., 4s, 1922, 
Dayton, O., 5s, 1912, » . 
Dayton, O., 5s, 1919, 
Downingtown, Pa., 4^s, 1924, 
Gloucester County, N. J., 4s, 1907, 
Gloucester County, N. J., 4s, 1907-1909, 
Monongahela, Pa., 3£s, 1909-1928, . 
Sandusky, O., 5s, 1911-1922, 
Sewickly, Pa., 5s, 1907-1915, 
Springfield, 111., 5s, 1907, . 

Railroad Bonds 
Baltimore & Ohio prior lien 3^s, 1925, 
Baltimore & Ohio 4s, 1941, 
Camden & Atlantic 6s, 1911, 
Camden & Atlantic 5s, 1911, 
Chesapeake & Ohio 4s, 1913, 
Chesapeake & Ohio 4s, 1914, 
Chicago, Rock Island & Pacific 4s, 1988, 
Chicago, Rock Island & Pacific 4s, 1918, 
Chicago, Rock Island & Pacific 4s, 1934, 
Elmira & Williamsport 5s, 2862, 
Erie Car trust 4£s, 1909, . 
Erie & Pittsburgh 3£s, 1940, 
Huntingdon & Broad Top 4s, 1920, 
Iron Mountain 5s, 1911, . 
Lehigh Valley 4£s, 1910, . 
Lehigh Valley 4s, 2003, . 
Lehigh Valley Coal Co. (Snow Shoe) 5s, 1910, 
Long Island refunding 4s, 1949, 
Market Street Elevated 4s, 1955, 
N. Y. Cent. & Hudson R. (Lake S. Col.) 3£s, 1998, 



Book Value. 
$7,234 00 

15,000 00 

16,000 00 

5,000 00 

5,216 67 

20,000 00 

5,712 50 

23,425 00 

8,360 00 

1,500 00 

10,500 00 

59,000 00 

39,248 75 

13,780 87 

2,000 00 

23,937 50 
20,000 00 
16,622 50 
11,550 00 
24,598 05 
24,458 89 
70,000 00 
49,313 88 
19,050 00 
• 9,950 00 
50,000 00 
49,640 97 
21,025 00 
25,000 00 
50,000 00 
50,000 00 
20,000 00 
50,000 00 
50,000 00 
31,930 12 



$37,264,709 00 

21,060,919 00 

1,769,228 00 

6,274,000 00 

40,000 00 

59,800 00 



Company. 

Rate. Market Value. 
255 $8,925 00 



103| 

100 
100 
100| 
100 
105 
HOf 
103f 
100 
100 
94| 
109£ 
103* 
100 

92i 
94$ 

108 

104 
95 
94^ 
99f 
91f 
90 

112 
99 
96 ' 

100 

100 
98f 
97* 

100 
99 
99 
86* 



15,506 25 

16,000 00 

5,000 00 

5,025 00 

20,000 00 

5,250 00 

22,150 00 

8,290 00 

1,500 00 

10,500 00 

55,607 50 

38,325 00 

13,938 75 

2,000 00 

23,062 50 
18,975 00 
16,200 00 
11,440 00 
23,750 00 
23,625 00 
69,825 00 
45,812 50 
18,000 00 
11,200 00 
49,500 00 
48,000 00 
20,000 00 
25,000 00 
49,312 50 
48,625 00 
20,000 00 
49,500 00 
49,500 00 
30,187 50 



THE GEORGIA HOME INSURANCE CO, 



223 



N. Y., Phila. & Norfolk 1st mortgage 4s, 1939, 

Norfolk & Western 4s, 1996, 

Norfolk & Western 4s, 1911, 

Norfolk & Western 4s, 1944, 

Norfolk & Western 4s, 1914, 

Pennsylvania 4^s, 1913, 

Pennsylvania Co. 3^s, 1916, 

Pennsylvania Co. 3£s, 1944, 

Pittsburgh, Chartiers & Youghiogheny 4s, 1932, 

Pitts., Cin., Chicago & St. Louis 3£s, 1949, 

Reading Co. R.R. & Marine equip, trust 4^s, 1908 

Richmond-Washington 4s, 1943, 

Rio Grande Western 4s, 1949, . 

River Front 4^s, 1912, 

Shamokin, Sunbury & Lewisburg 5s, 1912, 

St. Louis & San Francisco 4s, 1909, 

St. Louis & San Francisco 4s, 1909, . 

St. Louis & San Francisco 5s, 1908, . 

Southern Car trust 4s, 1907, 

United Rys. of St. Louis, Mo., 4s, 1934, 

West Jersey 6s, 1909, 

West Jersey & Seashore 4s, 1936, 

West Jersey & Seashore 3^s, 1936, 

Wilmington & Northern 4s, 

Wilmington & Weldon 4s, 1935, 

Miscellaneous Bonds. 
Delaware River Ferry Co. 5s, 1921, 
Edison Electric Light Co. 5s, 1946, 
Erie & Western Transportation 4s, 1925, 
Girard Point Storage Co. 3£s, 1940, . 
Infantry Battalion, State Fen., N. G., Pa., 6s, 
Lehigh Coal and Navigation Co. 4s, 1914, . 
Newport & Cincinnati Bridge Co. 4^s, 1945, 
Philadelphia Co., Pittsburgh, Pa., 5s, 1949, 
Susquehanna Coal Co. 6s, 1911, 



Book Value. 

$50,000 00 
20,000 00 
73,801 66 
24,566 67 
29,575 00 
31,200 00 
98,134 47 
46,756 25 
50,000 00 
50,000 00 
50,000 00 
5,000 00 
22,894 45 
16,780 00 
10,594 45 
23,872 22 
23,504 16 
10,000 00 
20,000 00 
41,372 21 
25,000 00 
25,000 00 

100,000 00 
59,986 66 
50,000 00 

5,000 00 
29,775 00 
25,000 00 
16,329 83 

2,000 00 
10,000 00 
25,000 00 

5,000 00 
16,825 00 

$1,992,022 73 



Rate. 

101 
98£ 
96f 
96 
94£ 

102 
95£ 
88f 
94 
90^ 
99^ 

102* 
87 

102J 

104* 
98| 
98i 

100 
99* 
85 

104 

102i 
93i 

100 

100 

100 
105f 
100 
87 
100 
101 
106 
107 
105 



Market Value. 
$50,500 00 
19,700 00 
72,281 25 
24,000 00 
28,237 50 
30,600 00 
95,500 00 
44,312 50 
47,000 00 
45,250 00 
49,750 00 
5,125 00 
21,750 00 
16,360 00 
10,450 00 
24,531 25 
24,531 25 
10,000 00 
19,900 00 
38,250 00 
26,000 00 
25,531 25 
93,250 00 
60,000 00 
50,000 00 

5,000 00 
31,725 00 
25,000 00 
17,400 00 

2,000 00 
10,100 00 
26,500 00 

5,350 00 
15,750 00 

1,951,167 50 



THE GEORGIA HOME INSURANCE COMPANY, COLUMBUS, GA. 

Incorporated 1859. Commenced business 1859. 

Paid-up Capital, $300,000. 

RHODES BROWNE, President. WM. C. COART, Secretary. 

Home Office, 10 46 Broad Street. 

Income. 

Net fire premiums, $568,126 63 

Interest on mortgage loans, $10,952.51; collaterals, $2,198.34 

stocks and bonds, $22,348.81; all other, $4,306.51, . 39,806 17 

Rents, including company's own occupancy, ... . . 9,591 35 

Profit and loss, 250 00 

Increase in book value of stocks, ...... 2,175 00 



Total income, . . . . . 

Ledger assets, Dec. 31, 1905, .... 

Total, 

Disbursements. 
Net amount paid for fire losses, 
Interest and dividends to stockholders, . 
Commissions or brokerage, .... 



$619,949 15 
1,034,603 94 

$1,654,553 09 



$230,154 53 

30,000 00 

113,957 41 



224 



THE GEORGIA HOME INSURANCE CO. 



Salaries, fees, etc., of officers and employees, 
Rents, including company's own occupancy, 
Repairs and expenses on real estate, .... 

Real estate taxes, $2,988.22; other taxes and fees, $32,088.01, 

Loss on sale or maturity of ledger assets, 

Reduction in book value of bonds, ..... 

Advertising and stationery, ...... 

Legal expenses, ........ 

Open ledger accounts charged off, . . . . . 

Borrowed money, ........ 

Interest, ......... 

Total disbursements, ...... 



$95,210 04 
1,927 50 
1,752 55 

35,076 23 
1,151 53 
6,375 75 

11,284 81 

482 49 

2,183 45 

5,083 87 

2,890 32 

$537,530 48 



Balance, ...... 

Ledger Assets. 

Real estate, $127,000; mortgages, $162,672.58, 
Loans secured by collateral (schedule A), 
Stocks and bonds (schedule B), 
Cash in banks and office, .... 

Agents' balances, ...... 

Open ledger accounts, ..... 



,117,022 61 



$289,672 58 

46,900 00 

570,640 60 

100,190 83 

106,098 67 

3,519 93 



Total ledger assets, .... 

Non-Ledger Assets. 
Market value of stocks and bonds over book value, 



,117,022 61 



3,791 28 



Gross assets, . . $1,120,813 89 

Assets not admitted. 

Agents' balances over three months due, . . $2,873 14 

Open ledger accounts, ..... 3,519 93 
Special deposits less $101,843.32 liabilities 

thereon, 26,147 93 

Total unadmitted assets, . . . 32,541 00 



Total admitted assets, 

Liabilities. 

Unpaid losses, including $1,100 resisted, 
Less reinsurance, ..... 
Unearned premiums on outstanding risks, 
Dividends due stockholders, . 
Due for reinsurance, . . . 

Borrowed money, ..... 

All liabilities, except capital and surplus, 
Surplus to policy holders, 
Paid-up capital, ..... 
Surplus over capital and general liabilities, 



$42,961 56 
5,462 06 



$538,902 69 



,088,272 89 



$37,499 50 

459,934 49 

180 00 

851 37 

50,904 84 

$549,370 20 

300,000 00 
238,902 69 



Total liabilities, 



,088,272 89 



THE GEORGIA HOME INSURANCE CO. 



225 



Risks and Premiums. 



,943,561 00 
41,377,282 00 



$91,320,843 00 $1,614,426 06 
27,853,284 00 673,447 56 



,467,559 00 
5,758,415 00 



Fire risks outstanding Dec. 31, 1905, 
Fire risks written during 1906, 

Total, 

Risks expired and terminated, 

In force at end of year, . 

Amount reinsured, . . ■ . 

Net amount in force, . . . . $ 

Miscellaneous. 

Fire losses incurred during the year, 

Dividends declared during the year (10 per cent.), 

Company's stock owned by directors, 

Schedule A. Securities held as Collateral 



150 shares Swift Mfg. Co., Columbus, Ga., . 

10 " Swift Mfg. Co., Columbus, Ga., . 

40 " National Bank, Columbus, Ga., . 

12 " Columbus Mfg. Co., 

5 " Planters & Merchants Bank, Ozark, Ala., 
Hamburger Mfg. Co., Columbus, Ga., bonds, 
Columbus, Ga., bonds, ...... 

300 shares No. Highlands Land & Imp. Co., Columbus, Ga., 
8 " National Bank, Columbus, Ga., . 

75 " National Bank, Columbus, Ga., . 



Premiums. 

$795,690 11 
818,735 95 



$940,978 50 
81,588 37 



,709,144 00 


$859,390 13 




$232,572 00 


. 


30,000 00 


• 


45,700 00 


OLLATERAL. 
Company's 


Loaned 


Market Value. 


Thereon. 


. $52,500 00 


$22,500 00 


3,500 00 


800 00 


7,200 00 1 
1,200 00 J 


7,000 00 


675 00 


500 00 


1,000 00 


850 00 


1,000 00 


1,000 00 


. 15,000 00 


5,500 00 


1,440 00 


500 00 


. 13,500 00 


8,250 00 


$97,015 00 


$46,900 00 



Schedule B. Stocks and Bonds 
Bank Stocks. 
75 shares Home Savings, Columbus, Ga., . 
482 " National, Columbus, Ga., . 
50 " Trust Co. of Georgia, Atlanta, Ga., . 

Miscellaneous Stocks. 
85 shares City Mills Co., Columbus, Ga., 
25 
204 
50 
120 
3 
100 

260 ' 
606 



OWNED BY THE COMPANY. 

Book Value. Rate. Market Value. 

$9,375 00 125 $9,375 00 

86,760 00 175 84,350 00 



5,500 00 



120 



6,000 00 



Col. Ice & Cold Storage Co., Ga., 
Columbus Mfg. Co., Ga., . 
Columbus Savings Loan Co., Ga., 
Empire Mills Co., Columbus, Ga., 
Gen. Adj. Bureau, Chicago, 111., 
Hamburger Mfg. Co., Columbus, Ga., 
Muscogee Mfg. Co., Columbus, Ga., 
Swift Mfg. Co., Columbus, Ga., . 
1 share Tallassee Falls Co., Tallassee, Ala., 
5 shares Underwriters' Sal. Corp., N. Y. City, 

Government Bonds. 
United States 4s, 1907, . 
United States reg. 3s, 1918, 
United States reg. 3s, 1918, 

State and Municipal Bonds. 
Ann Arbor, Mich., 4s, 1933-4, 
Clarksville, Va., 6s, 1934, . 
Columbus, Ga., 3^ s, 1931, 
Columbus, Ga., 4£s, 1927-28, 
Columbus, Ga., 5s, 1909, . 
Louisiana 4s, 1914, . 
Massachusetts 3^s, 1938, . 



21,250 


00 


250 


21,250 00 


2,500 


00 


100 


2,500 00 


20,400 


00 


100 


20,400 00 


1,100 


00 


100 


1,100 00 


15,000 


00 


150 


18,000 00 


150 


00 


100 


150 00 


15,000 


00 


175 


17,500 00 


13,000 


00 


50 


13,000 00 


212,100 


00 


350 


212,100 00 


2,625 


60 


75 


1,968 75 


500 


00 


100 


500 00 


20,000 


00 


101 


20,200 00 


20,000 


00 


ioif 


20,350 00 


500 


00 


101f 


508 75 


10,300 


00 


101* 


10,150 00 


1,000 


00 


114| 


1,147 50 


11,400 


00 


90i 


10,860 00 


2,000 


00 


105* 


2,105 00 


500 


00 


lOlf 


506 88 


10,000 


00 


100^ 


10,050 00 


10,300 


00 


101 


10,100 00 



226 



GERMAN ALLIANCE INSURANCE CO, 



Milwaukee, Wis., 4s, 1919-23, 
Montgomery, Ala., 6s, 1924, 
Montgomery, Ala., 4^s, 1929, 
New York, N. Y., 3£s, 1953, 
New York, N. Y., 3^s, 1954, 
Norfolk, Va., 4s, 1930, 
Opelika, Ala., 5s, 1934, 
St. Louis, Mo., 4s, 1918, . 
South Bend, Ind., 4s, 1925, 
Virginia 3s, 1932, . 

Miscellaneous Bonds. 
Columbus Automatic Telephone Co., Ga., 6s, 1923, 
Hamburger Mfg. Co., Columbus, Ga., 6s, 1913, 



Book Value. 


Rate. 


Market Value. 


$10,200 


00 


102 


$10,200 00 


9,000 


00 


119| 


10,743 75 


5,000 


00 


103£ 


5,175 00 


9,300 


00 


9H 


9,150 00 


930 


00 


91f 


913 75 


2,000 


00 


97 


1,940 00 


4,000 


00 


102 


4,080 00 


10,400 


00 


102f 


10,275 00 


11,000 


00 


103 


10,300 00 


14,550 


00 


95| 


14,362 50 


1,000 


00 


100 


1,000 00 


2,000 


00 


106 


2,120 00 


$570,640 


60 


$574,431 88 



GERMAN ALLIANCE INSURANCE COMPANY, NEW YORK, N. Y. 

Incorporated Feb. 8, 1897. Commenced business Feb. 8, 1897. 

Paid-up Capital, $400,000. 

WM. N. KREMER, President. CHARLES G. SMITH, Secretary. 

Home Office, Corner Liberty and Nassau Streets. 

Income. 
Net fire premiums, 



Interest on mortgage loans, $1,565.43; stocks and bonds, $50,- 

153.61; deposits, $532.67, 

Profit on sale or maturity of stocks, . 

Total income, ........ 

Ledger assets, Dec. 31, 1905, '. 

Total, 

Disbursements. 
Net amount paid for fire losses, ...... 

Interest and dividends to stockholders, . 

Commissions or brokerage, ....... 

Salaries, fees, etc., of officers and employees, . . . 

Taxes and fees, ......... 

Total disbursements, ....... 

Balance, . . . . . 

Ledger Assets. 
Mortgages, .......... 

Stocks and bonds (schedule A), . . . - . 

Cash in banks and office, ....... 

Agents' balances, ......... 

Total ledger assets, ....... 

Non-Ledger Assets. 
Interest accrued : — 
On mortgages, $283; bonds, $3,502, . . 

Market value of stocks and bonds over book value, . 

Gross assets, ......... 



$560,440 31 

52,251 71 

38,950 95 

$651,642 97 

1,375,743 59 

$2,027,386 56 



$479,370 87 

48,000 00 

154,038 19 

5,095 76 

12,456 95 



,961 77 



11,328,424 79 

$34,000 00 

1,143,953 98 

46,576 41 

103,894 40 

51,328,424 79 



3,785 00 
35,995 46 

.,368,205 25 



GERMAN ALLIANCE INSURANCE CO. 



227 



Assets not admitted. 
Special deposits less $33,821.41 liability thereon, 

Total admitted assets, . ■ . 

Liabilities. 
Unpaid losses, ...... 

Unearned premiums on outstanding risks, 

All liabilities, except capital and surplus, . 
Surplus to policy holders, .... 

Paid-up capital, ...... 

Surplus over capital and general liabilities, 



$67,366 09 
. $1,300,839 16 



$810,068 33 



,453 53 
400,317 30 



,770 83 



400,000 00 
410,068 33 

,300,839 16 



Total liabilities, ....... 

Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1905, . . $65,447,803 00 $669,761 91 

Fire risks written during 1906, . . . 64,658,967 00 693,738 79 



Total, . . 

Risks expired and terminated, 

In force at end of year, . 



$130,106,770 00 $1,363,500 70 
57,240,334 00 597,884 54 



$72,866,436 00 $765,616 16 



Miscellaneous. 
Premiums received from organization of company, . 
Losses paid from organization of company, 
Fire losses incurred during the year, 
Cash dividends declared from organization of company, 
Dividends declared during the year (12 per cent.), 
Company's stock owned by directors, 



53,612,450 00 

2,160,685 00 

500,809 00 

216,000 00 

48,000 00 

67,000 00 



Schedule A. Stocks and Bonds owned by the Company. 



Railroad Stocks. 
200 shares Baltimore & Ohio, preferred, . 

30 " Baltimore & Ohio, common, 
200 " Chicago & Northwestern, pref., 

76 " Chicago & Northwestern, common, 
300 " Erie 1st preferred, . 
500 " Hocking Valley, preferred, 
300 " Manhattan Elevated, 
2,437 " Pennsylvania, 

100 " Rensselaer & Saratoga, . 
1,000 " Southern, preferred, 
100 " Third Avenue, 
500 " Union Pacific, preferred, 

Bank Stocks. 
228 shares Citizen's Cen. Nat., New York, 
125 " Nat. Bk. of Commerce, New York, 

Miscellaneous Stocks. 
200 shares Amer. Sugar Refining Co., pref., 
85 " Consolidated Gas Co., New York, 
10 " Underwriters' Salvage Co. of N. Y., 
Government Bonds. 
United States 4s, 1925, .... 
United States 2s, 1930, .... 

State and Municipal Bonds. 
Massachusetts 3*s, 1913, .... 
Massachusetts 3*s, 1942, .... 
New York, N. Y., 3*s, 1928, 



Book Value. 

$19,575 00 
3,000 00 
32,837 50 
7,600 00 
24,487 50 
41,100 00 
42,337 50 

148,914 89 
18,250 00 
93,287 50 
13,750 00 
41,650 00 

38,020 00 
24,056 25 

27,737 50 

17,352 50 

1,000 00 

159,781 28 
10,605 73 

19,451 18 

1,067 50 

79,070 49 



Rate. 

921 
119* 
230 
198i 

75 

93* 
142| 
138f 
200 

94 
121* 

94 

142* 
181 

130 
138 
100 

129f 
104* 

100i 
101 
94£ 



Market Value. 

$18,450 00 

3,585 00 

46,000 00 

15,067 00 

22,500 00 

46,750 00 

42,825 00 

168,609 94 

20,000 00 

94,000 00 

12,150 00 

47,000 00 

32,490 00 
22,625 00 

26,000 00 

11,730 00 

1,000 00 

168,512 50 
10,450 00 

19,047 50 

1,010 00 

70,687 50 



228 



GERMAN-AMERICAN INSURANCE CO, 



Railroad Bonds. 
Atchison, Top. & Santa Fe gen. mort. 4s, 1995, 
Atchison, Topeka & Santa Fe 4s, 1912, 
Central of New Jersey 5s, 1987, 
Central of New Jersey 5s, 1987, 
Chic, Bur. & Q. (Illinois Div.), 3^s, 1949. . 
Chicago & Eastern Illinois 6s, 1934, . 

Erie 4s, 1953, 

Kanawha & Hocking Coal & Coke Co. 5s, 1951, 
Missouri, Kansas & Texas first 4s, 1990, 
Northern Pacific-Gr. Northern joint 4s, 1921, 
Oregon Short Line 4s, 1929, 
Second Avenue 5s, 1948, . 

Southern 5s, 1994, 

Utah & Northern 7s, 1908, 

Miscellaneous Bonds. 
American Tobacco Co. 4s, 1951, 
Consolidated Gas Co. 6s, 1909, . 
Edison Elec. Illuminating Co., N. Y., 5s, 1995, 
Western Union Telegraph Co. 5s, 1938, 



Book Value. 
$9,917 23 
23,625 00 
11,212 50 
11,156 00 

1,500 00 
32,125 00 

2,000 00 
20,500 00 
21,766 25 
27,992 50 
24,281 25 
27,531 25 
11,723 64 
24,000 00 

14,870 75 
1,000 00 

11,695 83 
2,124 46 

1,143,953 98 



Rate. 

100 
96^ 

126 

126 
91f 

131 

101 

102 
97^ 
96£ 
931 

105 

113f 

102| 

74f 
137 
117 
103 



Market Value. 

$10,000 00 

24,125 00 

12,600 00 

12,600 00 

1,835 00 
32,750 00 

2,020 00 
20,400 00 
24,375 00 
27,125 00 
23,375 00 
26,250 00 
11,375 00 
20,550 00 

14,950 00 
1,370 00 

11,700 00 
2,060 00 



$1,179,949 44 



GERMAN-AMERICAN INSURANCE COMPANY, NEW YORK, N. Y. 

Incorporated March, 1872. Commenced business March 7, 1872. 

Paid-up Capital, $1,500,000. 

WM. N. KREMER, President. CHARLES G. SMITH, Secretary. 

Home Office, Corner Liberty and Nassau Streets. 

Income. 

Net fire premiums, 



Interest on mortgage loans, $9,736.42; collaterals, $851.71 

stocks and bonds, $562,054.39; all other, $10,961 .03, . 
Rents, ......... 

Profit on sale or maturity of ledger assets, 

Agents' balances previously charged off, .... 

Dividend Merchants' Trust Co., New York (in liquidation), 

Total income, ........ 

Ledger assets, Dec. 31, 1905, ...... 

Total, 

Disbursements. 
Net amount paid for fire losses, 
Interest and dividends to stockholders, . 
Commissions or brokerage, 
Salaries, fees, etc., of officers and employees, 
Rents, ...... 

Repairs and expenses on real estate, 

Real estate taxes, $3,645.61; other taxes and fees, $188,038.73 

Loss on sale or maturity of bonds, . 

Agents' balances charged off, . 

Advertising, printing and stationery, 

Furniture, lighting, etc., 

Maps, surveys, underwriters boards, mercantile reports, etc. 

Postage, express, exchange, telegrams and telephone, 



$6,397,152 51 

583,603 55 
1,934 09 

418,979 70 
1,597 66 
2,835 00 

. $7,406,102 51 
. 13,804,899 10 

$21,211,001 61 



14,860,716 43 

450,000 00 

1,158,332 99 

284,073 42 

38,737 63 

151 39 

191,684 34 

1,302 74 

5,57100 

68,709 92 

13,357 04 

128,743 79 

64,992 55 



GERMAN-AMERICAN INSURANCE CO. 229 

Traveling expenses and inspections, ..... $185,015 55 

All other disbursements, . ...... 72,055 43 



Total disbursements, $7,523,444 22 



Balance, $13,687,557 39 

Ledger Assets. 

Real estate, $564,848.50; mortgages, $239,000, . . . $803,848 50 

Stocks and bonds (schedule A), 11,042,693 29 

Cash in banks and office, ....... 728,615 38 

Agents' balances, 1,112,400 22 



Total ledger assets, $13,687,557 39 

Non-Ledger Assets. 
Interest accrued : — 
On mortgages, $3,321; bonds, $39,105; other assets, $8,714.36, 51,140 33 

Market value of stocks and bonds over book value, . . . 463,379 21 



Gross assets,* $14,202,076 96 

Assets not admitted. 

Agents' balances over three months due, . $25,323 91 
Special deposits less $194,928.39 liability 

thereon, 58,990 36 

Total unadmitted assets, . . . — — — - 84,314 27 



Total admitted assets, $14,117,762 69 

Liabilities. 

Unpaid losses, including $67,490 resisted, . $961,516 00 

Less reinsurance, 289,340 80 $672,175 20 

Unearned premiums on outstanding risks, . $6,036,208 03 

Plus same on disallowed reinsurance, . . 6,209 50 6,042,417 53 

Salaries and other miscellaneous expenses, due or accrued, . 24,438 46 

Commissions and other charges due agents and brokers, . . 52,266 35 

Due for return premiums, $4,850.94; reinsurance, $383,738.10, 388,589 04 



All liabilities, except capital and surplus, .... $7,179,886 58 
Surplus to policy holders, .... $6,937,876 11 

Paid-up capital, 1,500,000 00 

Surplus over capital and general liabilities, .... 5,437,876 11 



Total liabilities, $14,117,762 69 

Risks and Premiums. 

Premiums. 

$1,240,226,704 00 $11,675,788 06 



Fire risks outstanding Dec. 31, 1905, 
Fire risks written during 1906, 

Total, 

Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, 



1,023,879,062 00 10,036,695 40 



!,264,105,766 00 $21,712,483 46 
854,423,848 00 8,463,784 63 



$1,409,681,918 00 $13,248,698 83 
257,545,144 00 1,856,970 69 



Net amount in force, ... $1,152,136,774 00 $11,391,728 14 

* Including $750,000 special reserve held under New York law. 



230 



GERMAN-AMERICAN INSURANCE CO. 



Miscellaneous. 
Premiums received from organization of company, . 
Losses paid from organization of company, 
Fire losses incurred during the year, 
Cash dividends declared from organization of company, 
Dividends declared during the year (30 per cent.), 
Company's stock owned by directors, . . 



$87,348,285 00 

47,529,785 00 

5,000,854 00 

7,065,000 00 

450,000 00 

210,000 00 



Schedule A. Stocks and Bonds owned by the Company. 



Railroad Stocks. 

100 shares Albany & Susquehanna, 

500 " Atchison, Top. & Santa Fe, pref., 
1,900 " Baltimore & Ohio, preferred, . 

690 " Baltimore & Ohio, common, 
1,000 " Cayuga & Susquehanna, 
1,500 " Chic, Milwaukee & St. Paul, pref., 

750 " Chic, Mil. & St. Paul, pref. (10% pd.), 

375 " Chic, Mil. &St. Paul, com. (10% pd.), 
1,500 rights Chic, Milwaukee & St. Paul, . 

700 shares Chic. & Northwestern, preferred, 

200 
1,500 

200 
1,000 
1,222 

300 
2,000 

100 

245 
1,200 
2.633 

200 
1,000 

390 

10 

1,500 

950 

450 

500 

100 

500 
3,100 
1,200 
3,500 



Cleveland, C. C. & St. Louis, pref., 

Delaware & Hudson, 

Detroit, Hillsdale & Southwestern, 

Erie, first preferred, 

Hocking Valley, preferred, : 

Lake Erie & Western, preferred, 

Manhattan Elevated, 

Minneapolis & St. Louis, pref., 

Mobile & Birmingham, . 

Morris & Essex, 

New York & Harlem, 

New York, Lackawanna & West., 

Norfolk & Western, preferred, 

Northern Pacific, . 

Northern Securities, 

Pennsylvania, 

Pittsburg, C. C. & St. Louis, pref., 

Pittsburg, Ft. Wayne & Chicago, 

Rensselaer & Saratoga, . 

St. L. & S. F. (tr. cert., C. & E. I.), 

Second Avenue, 

Southern, preferred, 

Third Avenue, 

Union Pacific, preferred, 

Bank Stocks. 
100 shares Am. Ex. Nat., New York, N. Y., 
475 " Cit. Cen. Nat., New York, N. Y., 
400 " Fourth Nat., New York, N. Y., 
221 " German Amer., New York, N. Y., 
90 " Merchants' Nat., New York, N. Y. 
526 " Nat. of Com., New York, N. Y., 
400 " New York Trust Co., N. Y., . 
Miscellaneous Stocks. 
1,500 shares Amer. Sugar Refining Co., pref., 
500 " American Tel. & Tel. Co., 
570 " Consolidated Gas Co., . 
816 " Pullman Co., 
233 " Realty Associates, 
750 " Standard Oil Co., . 
20 " Underwriters' Sal. Co. of N. Y., 
Government Bonds. 
United States 4s, 1925, .... 

State and Municipal Bonds. 
Brooklyn, N. Y., 3*s, 1936, 
New Mexico, 6s, 1923, . . . . 

New York, N. Y., 3s, 1907, ... 

New York, N. Y., 3*s, 1928, . 



Book Value. 

$17,000 00 

51,750 00 

178,700 00 

69,000 00 

40,500 00 

229,040 95 

7,500 00 

3,750 00 

111,285 00 

23,600 00 

247,378 70 

19,400 00 

74,325 00 

86,906 28 

33,037 50 

273,950 00 

8,400 00 

22,603 73 

98,100 00 

385,734 50 

23,600 00 

91,525 00 

74,193 37 

1,902 91 

104,231 25 

92,793 75 

86,962 50 

90,500 00 

12,968 33 

104,762 51 

289,043 75 

158,200 00 

307,250 00 

17,100 00 

74,355 88 

70,000 00 

17,901 00 

6,750 00 

105,028 00 

260,000 00 

202,925 00 
70,560 00 

107,724 00 

143,755 00 
30,475 00 

251,017 50 
2,000 00 

135,591 20 

102,500 00 
11,700 00 

448,175 00 
53,750 00 



Rate. 
245 
99 
92* 
119* 
220 
162f 
100 
100 

33* 

230 

110 

222 

104 

75 

93* 

80 

142f 

90 

91* 
182 
380 
127f 

90 
185* 
165 
138f 
104 
173 
200 
185 
197 

94 
121* 

94 

247 

142* 

212* 

150 

160 

181 

725 

130 

133* 

138 

182 ' 

160 

528 

100 



Market Value. 

$24,500 00 
49,500 00 

175,275 00 
82,455 00 
66,000 00 

244,125 00 

7,500 00 

3,750 00 

50,250 00 

161,000 00 
22,000 00 

333,000 00 
20,800 00 
75,000 00 

114,257 00 
24,000 00 

285,500 00 

9,000 00 

22,417 50 

109,200 00 

500,270 00 

25,475 00 

90,000 00 

72,247 50 

1,650 00 

103,781 25 
98,800 00 
77,850 00 

100,000 00 
18,500 00 
98,500 00 

291,400 00 

145.800 00 

329,000 00 

24,700 00 
67,687 50 
85,000 00 
24,862 50 
7,200 00 
95,206 00 
290,000 00 

195,000 00 
66,750 00 
78,660 00 

148,512 00 
37,280 00 

396,000 00 
2.000 00 



129f 136,106 25 



93^ 
109f 

99* 
94* 



93,125 00 

10,975 00 

451,587 50 

47,125 00 



GERMAN-AMERICAN INSURANCE CO. 



231 



New York, N. Y., 3*s, 1927, 
New York, N. Y., 3*s, 1928, 
New York, N. Y., 3s, 1908, 
New York, N. Y., 3*s, 1929, 
New York, N. Y., 3*s, 1941, 
New York, N. Y., 4£s, 1908, 
Toronto, Canada, 3*s,1912, 

Railroad Bonds 
Atchison, Topeka & Santa Fe general 4s, 1995, 
Atchison, Topeka & Santa Fe 4s, 1955, 
Atlantic Coast Line first 4s, 1952, 
Atlantic Coast Line (Louis. & Nash.) 4s, 1952, 
Baltimore & Ohio 4s, 1948, 

Bait. & Ohio (Pitts., Lake Erie & W. Va.) 4s, 1941 
Bait. & Ohio (Southwestern Div.) 3*s, 1925, 
Central of New Jersey 5s, 1987, 
Central of New Jersey 5s, 1987, 
Chesapeake & Ohio 4*s, 1992, . 
Chicago & Alton 3s, 1949, . 
Chicago & Alton 3*s, 1950, 
Chicago & Eastern Illinois 6s, 1934, . 
Chicago & Northwestern 5s, 1929, 
Chicago & Northwestern 6s, 1929, 
Chicago & Northwestern 5s, 1933, 
Chic, Mil. & St. Paul (C. & P. W.) 5s, 1921, 
Chic, Mil. & St. Paul (La Crosse) 5s, 1919, 
Chic, Mil. & St. Paul (So. Minn.) 6s, 1910, . 
Chicago, Rock Island & Pacific 6s, 1917, 
Cleveland, Col., Cin. & Ind. 6s, 1934, 
Cleve., Cin., Chic. & St. L. (St. L. Div.) 4s, 1990, 
Columbus & Ninth Avenue 5s, 1993, 
Delaware & Hudson 4s, 1916, 
El Paso, Rock Island, 5s, 1951, 
Erie 7s, 1920, .... 
Erie general lien 4s, 1996, 
Erie 4s, 1953, .... 
Erie (Pennsylvania col.) 4s, 1951, 
Hocking Valley 4*s, 1999, 
Kanawha & Hock. Coal & Coke Co. 5s, 1951, 
Lake Shore & Michigan Southern 4s, 1928, . 
Lexington Ave. & Pavonia Ferry 5s, 1993, . 
Little Miami 5s, 1912, .... 
Louisville & Nashville 4s, 1940, 
Louisville & Nashville (Southern) 4s, 1952,. 
Louisville & Nash. & Mobile & Mont. 4*s, 1945, 
Metropolitan Street 5s, 1997, 
Minneap., Lyndale & Minnetonka St. 5s, 1919, 
Minneapolis & St. Louis 4s, 1949, 
Minneapolis & St. Louis (Iowa Ext.) 7s, 1909, 
Minneapolis, St. Paul & Sault Ste. Marie 4s, 1938 
Missouri' Pacific 5s, 1920, .... 
Missouri Pacific 5s, 1917, .... 
Mobile & Ohio (Montgomery) 5s, 1947, 
Montana Central 6s, 1937, 
Nashville, Chattanooga & St. Louis 5s, 1928, 
New York, Chicago & St. Louis 4s, 1937, . 
New York, Lackawanna & Western 6s, 1921, 
New York, Susquehanna & Western 5s, 1937, 
N. Y., Susquehanna & Western Term. 5s, 1943, 
Norfolk & Western (Pocahontas) 4s, 1941, 
Northern Pacific-Great Northern 4s, 1921, 
Oregon Short Line 4s, 1929, 
Pennsylvania convertible 3*s, 1915, 
Pennsylvania Co. 4*s, 1921, 
Pennsylvania Co. 4*s, 1921, 
Rio Grande-Western 4s, 1939, . 
Southern 5s, 1994, . 
Southern (Memphis Div.) 5s, 1996, 
Southern Pacific 4s, 1955, 

Southern Pacific (Cent. Pacific coll.) 4s, 1949, 
St. Lawrence & Adirondack 5s, 1996, 



Book Value. 

$26,937 50 

54,210 00 

98,500 00 

53,990 00 

26,856 08 

153,675 00 

106,370 00 

46,310 83 
4,000 00 
25,343 75 
200,000 00 
100,000 00 
49,468 92 
46,135 47 
58,465 50 
16,718 75 
103,563 33 
22,283 75 
21,086 34 
31,446 00 
68,067 80 
39,850 00 
60,489 25 
33,675 00 
65,400 00 
11,737 50 
64,000 00 
13,382 50 
46,000 00 
29,372 00 

57.023 00 
52,615 00 

210,487 50 

84,075 42 

7,000 50 

164,411 75 
83,130 65 
82,000 00 
95,000 00 
29,000 00 
27,500 00 
50,830 55 
90,737 65 

104,000 00 
36,579 86 
21,500 00 
9,750 00 
12,625 00 
24,562 50 

85.024 15 
10,250 00 
55,187 50 
65,925 00 
24,937 50 
46,575 00 

130,000 00 

25,000 00 

26,968 75 

86,750 00 

148,613 34 

193,069 45 

237,740 64 

40,330 00 

47,730 00 

16,882 14 

173,604 95 

87,375 00 

48,505 29 

22,953 81 

27,125 00 



Rate. 
94* 
94£ 
98* 
94* 
921 

100 
97* 

100 
104* 
96 
89 
100f 
94| 
90* 
126 
126 
103f 
78* 
75* 
131 
106 
111 
112* 

m* 

1101 
1051 
117 
132 

99f 
114 
107 
109 
126f 

87* 
101 

89f 
104* 
102 

98 
H2| 
104* 
100 

92 
105* 
105f 
104 

93 
106 

99* 
1041 
103* 
110 
1321 
112* 
lOlf 
123* 
1131 
115 

91* 

96^ 

931 

93 
105* 
105* 

94 
113f 
116* 

94f 

89 
117* 



Market Value. 

$23,625 00 

47,125 00 

98,500 00 

47,062 50 

23,125 00 

150,000 00 

106,837 50 

50,000 00 

4,180 00 

24,000 00 

178,000 00 

100,750 00 
47,437 50 
45,250 00 
63,000 00 
18,900 00 

103,625 00 
19,625 00 
18,875 00 
32,750 00 
66,780 00 
38,850 00 
61,875 00 
33,450 00 
66,150 00 
10,525 00 
58,500 00 
13,200 00 
49,875 00 
28,500 00 
60,990 00 
54,500 00 

189,562 50 

87,500 00 

7,070 00 

157,062 50 
78,375 00 
81,600 00 
98,000 00 
28,093 75 
26,125 00 
50,000 00 
92,000 00 

105,250 00 
36,968 75 
26,000 00 
9,300 00 
10,600 00 
24,875 00 
85,690 00 
10,350 00 
55,000 00 
72,875 00 
28,125 00 
45,787 50 

123,125 00 
28,312 50 
28,750 00 
91,250 00 

145,312 50 

187,000 00 

220,410 00 
39,035 00 
45,365 00 
16,920 00 

170,625 00 
87,375 00 
47,375 00 
22,250 00 
29,375 00 



232 



THE GERMAN-AMERICAN FIRE INSURANCE CO. 



St. Louis Iron Mountain & Southern 4s, 1929, 
St. Louis, Iron Mountain & Southern 5s, 1931, 
St. Lo., Iron Mt. & So. (River & G. Div.) 4s, 1933 
St. Louis & San Francisco 4s, 1951, . 
St. Paul, Minnesota & Manitoba 6s, 1933, 
Santa Fe, Prescott & Phoenix 5s, 1942, 
34th St. Crosstown 5s, 1996, 
Troy (N. Y.) City 5s, 1942, 
Union Pacific 4s, 1947, 
Utah & Northern 7s, 1908, 
West Shore 4s, 2361, 
West Shore 4s, 2361, 

Miscellaneous Bonds. 
American Tel. & Tel. 4s, 1929, . 
American Tel. & Tel. 4s, 1936, . 
American Tobacco Co. 4s, 1951, 
Edison Elec. Ilium. Co. of N. Y. 5s, 1995, 
N. Y. Gas & Elec. Light, Ht. & Pow. Co. 4s, 1949 
N. Y. Gas & Elec. Light, Ht. & Pow. Co. 5s, 1948 
Standard Gas Light Co. 5s, 1930, 
United States Steel Corporation 5s, 1963, 
Western Union Telegraph Co. 5s, 1938, 



Book Value. 


Rate. 


Market Value. 


$45,436 


30 


89 


$44,500 00 


84,680 


01 


113£ 


85,125 00 


92,750 


00 


92 


92,000 00 


44,397 


24 


82 


41,000 00 


87,541 


25 


132 


93,720 00 


30,450 


00 


107£ 


31,175 00 


56,250 


00 


106 


53,000 00 


26,250 


00 


111 


27,750 00 


51,760 


56 


102 


51,000 00 


20,623 


58 


102f 


18,495 00 


47,135 


00 


103^ 


45,540 00 


6,427 


50 


103^ 


6,210 00 


96,500 


00 


90 


90,000 00 


28,350 


00 


92 


27,600 00 


37,881 


68 


74| 


37,375 00 


37,829 


17 


117 


40,950 00 


23,312 


50 


82 


20,500 00 


27,166 


65 


103 


25,750 00 


29,125 


00 


107 


26,750 00 


90,912 


07 


96| 


96,750 00 


26,000 


00 


103 

$ 


25,750 00 


$11,042,693 


29 


11,506,072 50 



THE GERMAN-AMERICAN FIRE INSURANCE COMPANY, 

BALTIMORE, MD. 

Incorporated June 10, 1880. Commenced business Sept. 29, 1880. 

Paid-up Capital, $200,000. 

MARTIN MEYERDIRCK, President. T. H. MANSON, Secretary. 

Home Office, 1+11 E. Baltimore Street. 

Income. 
Net fire premiums, . . . . 

Interest on mortgage loans, $8,785.69; collaterals, $155.56 

stocks and bonds, $8,375.04; all other, $16.90, . . '. 

Rents, .......... 



Total income, ...... 

Ledger assets, Dec. 31, 1905, .... 

Total, 

Disbursements. 
Net amount paid for fire losses, 
Interest and dividends to stockholders, 
Commissions or brokerage, .... 
Salaries, fees, etc., of officers and employees, 
Repairs and expenses on real estate, 
Real estate taxes, $1,160.63; other taxes and fees, 
Reduction in book value of ledger assets, . 
Advertising, printing, stationery, etc., 

Total disbursements, .... 

Balance, ...... 

Ledger Assets. 
Real estate, $52,133.69; mortgages, $176,111.71, 
Stocks and bonds (schedule A), 



L,276.69, 



$190,861 35 

17,333 19 
2,911 98 



$211,106 52 
437,507 98 

$648,614 50 



$55,826 25- 

12,140 31 

43,416 79 

11,507 91 

723 17 

• 5,437 32 

9,525 62 

7,211 14 

$145,788 51 

$502,825 99 



$228,245 40 
207,319 00 



THE GERMAN-AMERICAN FIRE INSURANCE CO. 



233 



Cash in banks and office, ....... 

Agents' balances, . . . . . ' • . 

Deposit with Philadelphia Tariff Association, .... 

Total ledger assets, . . . . . 

Non-Ledger Assets. 
Interest accrued : — 
On mortgages, $2,009.77; bonds, $3,149.24, . . . . 

Rents due on company's property, . . . . . . 

Gross assets, ......... 

Assets not admitted. 

Agents' balances over three months due, . . $148 99 

Deposit with Philadelphia Tariff Association, . . 200 00 

Book value of stocks and bonds over market value, . 3,653 37 

Total unadmitted assets, .... 

Total admitted assets, ....... 

Liabilities. 
Unpaid losses, ......... 

Unearned premiums on outstanding risks, ..... 

Reclaimable on perpetual fire policies, ..... 

Dividends due stockholders, ....... 

Salaries and other miscellaneous expenses, due or accrued, 

Commissions and other charges due agents and brokers, 

Due for return premiums, $4,316.68; reinsurance, $2,209.65, . 



All liabilities, except capital and surplus, 
Surplus to policy holders, 
Paid-up capital, . ... 

Surplus over capital and general liabilities, 



$320,063 92 



Total liabilities, 



Risks and Premiums. 



$36,147 62 

30,913 97 

200 00 

$502,825 99 



5,159 01 
65 00 

$508,050 00 



4,002 36 



Fire risks outstanding Dec. 31, 1905, 
Fire risks written during 1906, 

Total, 

Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, 



Net amount in force, .... 

Perpetual risks in force (not included above), . 

Miscellaneous. 
Premiums received from organization of company, . 
Losses paid from organization of company, 
Fire losses incurred during the year, 
Cash dividends declared from organization of company, 
Dividends declared during the j^ear (6 per cent.), 
Company's stock owned by directors, 



$27,685,801 00 
26,548,631 00 

$54,234,432 00 
19,585,435 00 

$34,648,997 00 
1,248,207 00 

$33,400,790 00 

$22,275 00 



$504,047 64 

$8,383 54 

161,044 77 

623 37 

559 13 

450 00 

6,396 58 

6,526 33 

$183,983 72 

200,000 00 
120,063 92 

$504,047 64 

Premiums. 

$244,308 65 
240,264 03 

$484,572 68 
175,099 56 

$309,473 12 
14,022 14 

$295,450 98 

$623 37 



,644,423 00 

951,253 00 

55,310 00 

301,800 00 

12,000 00 

48,175 00 



234 



GERMAN FIRE INSURANCE CO. OF PEORIA. 



Schedule A. Stocks and Bonds owned by the Company. 

Bank Stocks. 

132 shares Citizens' Nat'l, Baltimore, Md., . 
100 " Merchants' Nat'l, Baltimore, Md., 

133 " Nat'l Exchange, Baltimore, Md., 
50 " Nat'l Mechanics', Baltimore, Md., 
28 " Second Nat'l, Baltimore, Md., . 

100 " Western Nat'l, Baltimore, Md., . 

Miscellaneous Stocks. 
3 shares General Adjustment Bureau, 
150 " Merchants' & Miners' Transpor. Co., 
105 " U. S. Fidelity & Guaranty Co., . 

Municipal Bonds. 
Baltimore, Md., 3£s, 1940, 
Baltimore, Md., 3£s, 1930, 
Baltimore, Md., 5s, 1916, . 
Baltimore, Md., 5s, 1916, . 
Baltimore, Md., 3$s, 1954, 
Baltimore, Md., 4s, 1925, . 
Baltimore, Md., 3^s, 1928, 
Baltimore, Md., 3£s, 1945, 

Miscellaneous Bonds. 
Baltimore Co. Water & Electric Co. 5s, 1946, 



Book Value. 


Rate. 


Market Value. 


$3,828 


00 


300 


$3,960 00 


17,300 


00 


173 


17,300 00 


23,674 


00 


180 


23,940 00 


1,250 


00 


260 


1,300 00 


5,264 


00 


192 


5,376 00 


3,700 


00 


190 


3,800 00 


150 


00 


100 


150 00 


27,450 


00 


180 


27,000 00 


11,550 


00 


108* 


11,366 25 


39,964 


00 


100 


38,800 00 


8,466 


00 


100 


8,300 00 


5,184 


00 


111* 


5,352 00 


3,024 


00 


111* 


3,122 00 


32,100 


00 


100 


30,000 00 


1,605 


00 


106f 


1,599 38 


6,630 


00 


100 


6,500 00 


6,180 


00 


100 


6,000 00 


10,000 


00 


98 


9,800 00 


$207,319 


00 


$203,665 63 



GERMAN FIRE INSURANCE COMPANY OF PEORIA, 

PEORIA, ILL. 

Incorporated 1876. Commenced business May, 1876. 
Paid-up Capital, $200,000. 
BERNARD CREMER, President. CHARLES CREMER, Secretary. 

Home Office, 121+ Bridge Street. 

Income. 
Net fire premiums, ....... 

Interest on mortgage loans, $20,040.51; collaterals, $1,006 

stocks and bonds, $8,351 ; deposits, $1,050.10, 
Rents, ...... 

Borrowed money, ..... 

Assessment on capital, . . . . • 



Total income, .... 

Ledger assets, Dec. 31, 1905, . 

Total, 

Disbursements 
Net amount paid for fire losses, 
Interest and dividends to stockholders, . 
Commissions or brokerage, 
Salaries, fees, etc., of officers and employees, 
Rents, ...... 

Repairs and expenses on real estate, 
Real estate taxes, $1,415.38; other taxes and 
Loss on sale or maturity of ledger assets, 
Printing, . . . . . 

Furniture and fixtures, .... 

Interest, ....... 



$524,245 09 

30,447 61 

8,144 70 

50,000 00 

100,000 00 



fees, 



$15,507.45 



$712,837 40 
863,054 09 

1,575,891 49 



$737,227 69 

18,000 00 

152,047 85 

9,755 00 

550 00 

59 73 

16,922 83 

1,155 00 

3,582 05 

520 50 

7,609 61 



GERMAN FIRE INSURANCE CO. OF PEORIA. 



235 



Postage, 

Traveling expenses, ..... 

All other disbursements, .... 

Total disbursements, .... 

Balance, ....... 

Ledger Assets. 

Real estate, $85,000; mortgages, 1190,911.65, . 
Loans secured by collateral (schedule A), 
Stocks and bonds (schedule B), . 
Cash in banks and office, .... 

Agents' balances, . . . . . . 

Total ledger assets, ....... 

Non-Ledger Assets. 

Interest accrued : — 
On mortgages, $4,812.90 ; on collateral loans, $1,010.50; other 

assets, $2,934.74, 

Market value of real estate over book value, .... 
Market value of stocks andjbonds over book value, . 

Gross assets, ......... 

Assets not admitted. 
Agents' balances over three months due, . 

Total admitted assets, ....... 



Liabilities. 
Unpaid losses, ..... 
Unearned premiums on outstanding risks, 
Plus same on disallowed reinsurance, 
Borrowed money, ..... 

All liabilities, except capital and surplus, 
Surplus to policy holders, 
Paid-up capital, ..... 
Surplus over capital and general liabilities, 



$455,660 88 
5,286 13 



$242,443 29 



Total liabilities, 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1905, 
Fire risks written during 1906, 

Total, 

Risks expired and terminated, __ . 

In force at end of year, . 
Amount reinsured, 

Net amount in force. 



$74,125,667 00 
36,656,634 00 

$110,782,301 00 
42,621,974 00 



,160,327 00 
1,354,476 00 



$2,623 57 

3,235 55 

20,492 83 

$973,782 21 

$602,109 28 



$275,911 65 

42,250 00 

178,244 81 

45,623 13 

60,079 69 

$602,109 28 



8,758 14 

196,000 00 

8,380 19 

$815,247 61 



3,395 04 

$811,852 57 



$58,462 27 

460,947 01 
50,000 00 

$569,409 28 

200,000 00 
42,443 29 

$811,852 57 

Premiums. 

$949,747 11 
735,527 97 

1,685,275 08 
778,757 75 

$906,517 33 
24,283 48 



$66,805,851 00 $882,233 85 



236 



GERMAN FIRE INSURANCE CO. 



Miscellaneous. 
Premiums received from organization of company, . 
Losses paid from organization of company, 
Fire losses incurred during the year, 
Cash dividends declared from organization of company, 
Dividends declared during the year (9 per cent.), 
Company's stock owned by directors, 

Schedule A. Securities held as Collateral. 



100 shares Commercial-German Nat'l Bank, Peoria, 111 
120 " Colburn, Birks & Co., Peoria, 111., 
41 " Commercial-German Nat'l Bank, Peoria, 111 
10 " Commercial German Nat'l Bank, Peoria, 111 
10 " Commercial-German Nat'l Bank, Peoria, 111 
37 " Commercial-German Nat'l Bank, Peoria, 111 
25 " National Hotel Co., Peoria, 111., 
25 " Clark, Quien & Morse, Peoria, 111., 
Creve Coeur Club, Peoria, 111., bond, . 
10 shares Avery Manufacturing Co., Peoria, 111., 
36 " Dime Savings & Trust Co., Peoria, 111., 



Company's 
Market Value. 

$22,500 00 

15,000 00 

9,225 00 

2,250 00 

2,250 00 

8,325 00 

3,125 00 
2,875 
750 
1,250 
7,200 



00 
00 
00 
00 



56,047,980 00 

2,875,960 00 

783,334 00 

356,000 00 

18,000 00 

178,000 00 



Loaned 
Thereon. 

$10,000 00 
8,000 00 
6,000 00 
1,750 00 
1,500 00 



15,000 00 



$74,750 00 



$42,250 00 



Schedule B. Stocks and Bonds owned by the Company. 



Bank Stocks. 
100 shares Bankers' Nat'l, Chicago, 111., 

50 " Central Trust, Chicago, 111., 
255 " Commercial-German N'l, Peoria, 111., 
125 " Home Savings & State, Peoria, 111., 
100 " Merchants' Nat'l, Baltimore, Md., 
100 " Nat'l Bk. of Commerce, N. Y., N. Y., 

83 . " Peoria Nat'l, Peoria, 111., . 

50 " State, Chicago, 111., . 
140 " State Bk. & Tr. Co., Los Angeles, Cal., 

50 " Third Nat'l, Baltimore, Md., 

Miscellaneous Stocks. 
50 shares Peoria Drill & Seeder Co., Peoria, 111., 
50 " Standard Loan Asso., Denver, Col., 

Railroad Bonds. 
Chicago & Alton 3^s, 1950, . 



Book Value. 
$18,654 00 

8,775 00 
38,720 81 
12,675 00 
18,525 00 
21,600 00 

9,545 00 
13,250 00 
14,000 00 

6,500 00 

2,500 00 
5,000 00 

8,500 00 
$178,244 81 



Rate. 
212 
165 
200 
175 
173 
181 

*_ 

270 
100 
122 

100 
55 

75^ 



Market Value. 

$21,200 00 

8,250 00 

51,000 00 

21,875 00 

17,300 00 

18,100 00 

13,500 00 

14,000 00 

6,100 00 

5,000 00 
2,750 00 

7,550 00 
$186,625 00 



GERMAN FIRE INSURANCE COMPANY OF THE CITY OF 
PITTSBURGH, PITTSBURGH, PA. 

Incorporated March 27, 1862. Commenced business July, 1862. 

Paid-up Capital, $200,000. 

A. E. SUCCOP, President. A. H. ECKERT, Secretary. 

Home Office, 216 I^th Avenue. 

Income. 

Net fire premiums, $609,007 16 

Interest on mortgage loans, $17,988.19; collaterals, $4,688.02, 

stocks and bonds, $5,624.96, 28,30117 

Rents, including company's own occupancy, . . . . 11,162 87 



Total income, 



$648,471 20 



* Indeterminable. 



GERMAN FIRE INSURANCE CO. 



237 



Ledger assets, Dec. 31, 1905, .... 

Total, 

Disbursements. 
Net amount paid for fire losses, ' . 

Interest and dividends to stockholders, . 
Commissions or brokerage, .... 

Salaries, fees, etc., of officers and employees, 
Rents, including company's own occupancy, 
Repairs and expenses on real estate, 
Real estate taxes, $1,372.40; other taxes and fees, 
Adjustment expenses, ..... 

Advertising and printing, .... 

Legal expenses, ...... 

All other disbursements, .... 

• Total disbursements, .... 



Balance, 



$16,704.35 



Ledger Assets. 



Real estate, $124,055 . 82 ; mortgages, $342,773 . 79, 

Loans secured by collateral (schedule A), 

Stocks and bonds (schedule B), . 

Cash in banks and office, .... 

Agents' balances, . . . 

Deposit with Philadelphia Underwriters' Association, 

Total ledger assets, . 

Non-Ledger Assets. 

Interest due and accrued on mortgages, 
Rents due on company's property, . 
Market value of real estate over book value, 
Market value of stocks and bonds over book value, . 



Gross assets, ........ 

Assets not admitted. 

Agents' balances over three months due, . . $4,443 

Deposit with Phila. Underwriters' Association, . 100 

Total unadmitted assets, . . . 



57 
00 



Total admitted assets, ...... 

Liabilities. 

Unpaid losses, $49,522.43; less reinsurance, $1,717.20, 
Unearned premiums on outstanding risks, 
Salaries and other miscellaneous expenses, due or accrued, 
Commissions and other charges due agents and brokers, 



All liabilities, except capital and surplus, . 
Surplus to policy holders, . . 

Paid-up capital, ...... 

Surplus over capital and general liabilities, 

Total liabilities, ..... 



$320,178 38 



$747,702 07 
1,396,173 27 

$272,187 79 

24,000 00 

168,945 91 

27,585 04 

7,500 00 

5,780 12 

18,076 75 

4,974 63 

11,738 67 

936 52 

35,453 33 

$577,178 76 

$818,994 51 



$466,829 61 

102,350 00 

109,527 64 

37,460 35 

102,726 91 

100 00 

$818,994 51 



4,898 50 

5 00 

25,944 18 

24,369 86 

$874,212 05 



4,543 57 

$869,668 48 



$47,805 23 

498,233 83 

2,039 34 

1,411 70 

$549,490 10 

200,000 00 
120,178 38 

$869,668 48 



238 



GERMAN FIRE INSURANCE CO. 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1905, 
Fire risks written during 1906, 

Total, 

Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, 

Net amount in force. 



,109,733 00 
67,350,216 00 

$147,459,949 00 
56,843,541 00 

$90,616,408 00 
4,196,887 00 



Premiums. 

$932,155 29 
831,282 25 

1,763,437 54 
775,814 77 

,622 77 
54,058 22 



$86,419,521 00 $933,564 55 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, 
Fire losses incurred during the year, 
Cash dividends declared from organization of company, 
Stock dividends declared from organization of company, 
Dividends declared during the year (12 per cent.), 
Company's stock owned by directors, 

Schedule A. Securities held as Collateral. 



£8,754,093 00 

4,219,763 00 

271,235 00 

862,000 00 

150,000 00 

24,000 00 

27,950 00 



Company's 
Market Value. 



Loaned 
Thereon. 



14 shares 


100 


<< 


40 


tt 


75 


it 


50 


it 


50 


tt 


10 


it 


10 


it 


25 


it 


208 


it 


100 


it 


66 


it 


255 


it 


165 


it 


300 


a 


20 


it 


20 


it 


50 


tt 


50 


tt 


10 


a 


10 


tt 



Diamond National Bank, .... 

Independent Brewing Co., common, . 

Westinghouse Electric & Mfg. Co., 2ds, 

Safe Deposit & Trust Co., 

Am. Window Glass & Machinery Co., common, 

Am. Window Glass & Machinery Co., preferred, 

Mckees Rocks Trust Co., . 

German Trust Co., . 

Consolidated Ice Co., 

United States Glass Co., 

Westinghouse Air Brake Co., 

Mercantile Trust Co., 

Monongahela River Coal Co., preferred, 

Manufacturers' Light & Heat Co., 

Monongahela River Coal Co., preferred, 

Monongahela National Bank, 

Cosmopolitan National Bank, 

Independent Brewing Co., preferred, 

United States National Bank, 

Westinghouse Air Brake Co., 

Mortgage Banking Co., 



$5,880 
1,750 
3,040 

28,125 

375 

1,300 

1,200 

1,550 

150 

12,480 

15,500 
8,580 
6,630 
2,475 
7,800 
6,000 
2,400 
2,200 
7,250 
1,550 
1,000 



00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 



$85,850 00 



8,500 00 

6,000 00 
2,000 00 



Schedule B. Stocks and Bonds 
Bank Stocks. 
100 shares Allegheny Nat'l, Pittsburg, Pa., 

43 " Bank of Pittsburg, N. A., Pa., . 
100 " Exchange Nat'l, Pittsburg, Pa., 
10 " Fifth Avenue, Pittsburg, Pa., . 
75 " First Nat'l, Allegheny, Pa., 
100 " German Nat'l, Pittsburg, Pa., . 
6 " Metropolitan Nat'l, Pittsburg, Pa., 
90 " Second Nat'l, Allegheny, Pa., . 
100 " Third Nat'l, Pittsburg, Pa., 

Railroad Bonds. 
Milvale, Etna & Sharpsburg Street 5s, 1923, 
Pittsburg & Birmingham Traction Co. 5s, 1929, 



$117,235 00 $102,350 00 

Company. 

Rate. Market Value. 

$12,000 00 

6,665 00 



OWNED BY THE 

Book Value. 

$7,260 50 240 

3,526 00 310 

8,053 00 163 

500 00 160 

12,564 50 145 

17,500 00 260 

900 00 175 

23,910 00 365 

15,053 50 150 

11,891 25 102^ 

8,368 89 109 

$109,527 64 



8,150 00 

800 00 

10,875 00 

26,000 00 

1,050 00 

32,850 00 

15,000 00 

11,787 50 
8,720 00 

$133,897 50 



GERMANIA FIRE INSURANCE CO. 



239 



GERMANIA FIRE INSURANCE COMPANY, NEW YORK, N. Y. 

Incorporated 1859. Commenced business March 2, 1859. 

Paid-up Capital, $1,000,000. 

HUGO SCHUMANN, President. GUSTAV KEHR, Secretary. 

Home Office, 62 William Street. 

Income. 
Net fire premiums, 



50; stocks and bonds, $207,- 



Interest on mortgage loans, $13,619 

648.83; all other, $15,319.36, 
Rents, .... 

Profit on sale of securities, 
Due from reinsuring companies under treaty, . 

Total income, . . . . . . 

Ledger assets, Dec. 31, 1905, .... 

Total, 

Disbursements. 
Net amount paid for fire losses, 
Interest and dividends to stockholders, . 
Commissions or brokerage, . 
Salaries, fees, etc., of officers and employees, 
Rents, ...... 

Repairs and expenses on real estate, 

Real estate taxes, $9,317.07; other taxes and fees, $84,814.77 

Loss on sale or maturity of ledger assets, . 

Legal expenses, ..... 

Advertising, ..... 

Agency and office expenses, . 

Board expenses, ..... 

Exchange, ...... 

Furniture and maps, .... 

Surveys, ...... 

Postage, express and telegrams, 
Printing and stationery, 
Reduction in book value of real estate, 
Profit and loss, ..... 

Traveling expenses, .... 

Fire patrols, ..... 

10 shares Underwriters' Salvage Co. of Chicago charged off, 

Total disbursements, ...... 

Balance, ........ 

Ledger Assets. 
Real estate, $677,000; mortgages, $277,000, 
Stocks and bonds (schedule A), ... 
Cash in banks and office, 
Agents' balances, ..... 
Cash in hands of department managers, . 

Total ledger assets, 



>2,762,005 87 

236,587 69 

27,117 81 

55,369 95 

15,969 68 

53,097,051 00 

6,729,661 57 

59,826,712 57 



$3,269,947 82 

150,000 00 

732,683 16 

180,793 20 

11,835 17 

18,674 20 

94,131 84 

41,900 38 

1,577 44 

7,250 72 

3,977 40 

21,660 12 

2,684 91 

14,116 40 

10,062 93 

23,865 85 

13,659 84 

566 58 

55 41 

22,877 36 

8,163 25 

1,000 00 

$4,631,483 98 

$5,195,228 59 



$954,000 >00 

3,536,230 32 

288,039 20 

390,975 67 

25,983 40 

$5,195,228 59 



240 



GERMANIA FIRE INSURANCE CO. 



Non-Ledger Assets. 
Interest accrued on mortgages, 
Rents accrued on company's property, 



i,580 00 
500 00 



Gross assets,* , 



Assets not admitted. 



Agents' balances over three months due, . 
Special deposits less $79,048.17 liab. thereon, . 
Book value of stocks and bonds over market value, 
Total unadmitted assets, 

Total admitted assets, .... 

Liabilities. 
Unpaid losses, including $18,297 resisted, 
Less reinsurance, ...... 

Unearned premiums on outstanding risks, 

Plus same on disallowed reinsurance, 

Commissions and other charges due agents and brokers, 

Due for reinsurance, .... 

All liabilities, except capital and surplus, 
Surplus to policy holders, 
Paid-up capital, ..... 
Surplus over capital and general liabilities, 



D. 

$4,236 55 
46,903 08 
25,956 57 


$5,202,308 59 
77,096 20 




$306,891 97 

215,238 74 

$2,969,911 74 

2,105 32 

okers, 


$5,125,212 39 

$91,653 23 

2,972,017 06 

5,859 48 

15,969 68 


$2,039,712 94 


$3,085,499 45 

1,000,000 00 
1,039,712 94 



Total liabilities, 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1905, 
Fire risks written during 1906, 

Total, 

Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, 

Net amount in force, 



. $594,725,747 
. 358,815,115 



$5,125,212 39 



Premiums. 

00 $5,631,109 59 
00 3,610,536 17 



$953,540,862 00 
317,457,748 00 

$636,083,114 00 
49,501,856 00 



^9,241,645 76 
3,168,232 85 

56,073,412 91 
413,291 65 



. $586,581,258 00 $5,660,121 26 



Miscellaneous. 

Premiums received from organization of company, . 

Losses paid from organization of company, 

Fire losses incurred during the year, 

Cash dividends declared from organization of company, 

Dividends declared during the year (15 per cent.), 

Company's stock owned by directors, 



$48,794,989 00 

25,962,281 00 

3,193,456 00 

4,361,000 00 

150,000 00 

188,350 00 



Schedule A. Stocks and Bonds owned by the Company. 

Railroad Stocks. Book Value. Rate. Market Value 

850 shares Atchison, Topeka & Santa ¥6, . $81,276 04 104^ $88,825 00 

1,000 " Atchison, Topeka & S. Fe, preferred, 97,112 50 99 99,000 00 

1,000 " Baltimore & Ohio, preferred, . . 96,250 00 92£ 92,250 00 

150 " Broadway & 7th Avenue, . . 30,118 77 234 35,100 00 



* Including $500,000 special reserve held under New York law. 



GERMANIA FIRE INSURANCE CO. 



241 



2,000 shares Buffalo & Susquehanna, preferred, 

1,200 " Denver & Rio Grande, preferred, 

500 " Manhattan, .... 

1,200 " Missouri Pacific, 

1,200 " N. Y., Chic. & St. Lo., 1st preferred 

500 " Norfolk & West., preferred, 

2,000 " Pennsylvania, 

1,000 " Reading, 1st preferred, 

1,000 " Southern, preferred, 

1,000 " Union Pacific, common, 

500 " Union Pacific, preferred, 

Bank Stocks. 
125 shares German- American, New York, N. Y., 
75 " National Park, New York, N. Y., . 

Miscellaneous Stocks. 
10 shares Lawyers' Mortgage Co., . 
1,360 " Pullman Co., 

10 " Underwriters' Sal. of New York, 
500 " Western Union Telegraph Co., 

Government Bonds. 
United States 2s, 1930, .... 

State and Municipal Bonds. 
Georgia 3*s, 1918, . 
New Mexico 6s, 1923, 
New Mexico 4s, 1933, 
New York, N. Y., 3*s, 1953, 
New York, N. Y., 3*s, 1940, 
Richmond, Va., 4s, 1923, . 

Railroad Bonds 
American Dock & Imp. Co. 5s, 1921, 
Broadway & 7th Avenue 5s, 1943, 
Brooklyn Union Elevated 5s, 1950, 
Chesa. & Ohio (R. & A. Div.) 1st mtge. 4s, 1989 
Chesapeake & Ohio 4*s, 1992, . 
Chicago, Burlington & Quincy 5s, 1913, 
Chic, Mil. & St. Paul (So. Minn. Div.) 6s, 1910, 
Chicago & Northwestern 5s, 1933, 
Chicago, St. Louis & New Orleans 5s, 1951, 
Cincinnati, Hamilton & Dayton 4*s, 1908, 
Denver & Rio Grande 4s, 1936, 
Dry Dock, E. Broadway & Battery 5s, 1932 
Evansville & Terre Haute 6s, 1921, 
Flint & Pere Marquette 5s, 1939, 
Lake Erie & Western 5s, 1937, . 
Lehigh Valley 4*s, 1940, . 
Long Island 4s, 1938, 
Long Island 5s, 1931, 
Missouri, Kansas & Texas 5s, 1944, 
Missouri Pacific 6s, 1920, . 
Morgans La. & Texas 7s, 1918, . 
Nashville, Chatt. & St. Louis 5s, 1928, 
North. Pac.-Gt. North. (C, B. & Q. col.) 4s, 1921 
N. Y., Brook. & Manhat. Beach 5s, 1935, 
N. Y., Ontario & Western 4s, 1992, . 
Railroad Securities Co. 4s, 1952, 
St. Louis & San Francisco 4s, 1951, 
Tenn. CL, Ir. & R.R. (B. Div.) 1st m. 6s, 1917, 
Third Avenue 4s, 2000, . 
Toledo & Ohio Central 1st mtge. 5s, 1935, 
Western N. Y. & Pa. 5s, 1937, . 
Wheeling & Lake Erie 4s, 1949, 

Miscellaneous Bonds. 
Consol. Gas Co. of New York 6s, 1909, 
Edison Electric Ilium. Co., N. Y., 5s, 1910, 



Book Value. 
889,000 00 
113,512 50 

77,537 50 
129,062 50 
130,187 50 

45,962 50 
141,350 00 

47,400 00 

95,937 50 
132,037 50 

38,062 50 

11,207 63 
13,165 00 

1,860 00 

217,475 00 

1,000 00 

45,212 50 

52,429 65 

10,250 00 

5,953 08 

5,221 47 

253,407 36 

282,973 45 

52,024 00 

28,531 25 
58,062 50 
13,050 00 
29,057 50 
25,468. 75 
53,062 50 
28,781 25 
39,640 00 
31,781 25 
49,037 50 
28,541 25 
10,500 00 
30,281 25 
26,881 25 
58,687 50 
25,031 25 
20,973 75 
16,871 25 
24,781 25 
29,593 75 
32,531 25 
28,031 25 
84,511 37 
25,125 00 
13,178 75 
94,250 00 
8,262 50 
28,021 25 
47,812 50 
37,493 75 
28,031 25 
22,781 25 

132,902 50 
27,696 25 



Rate. 

84 

83* 
142f 

92^ 
118 

90 
138| 

90 

94 
180* 

94 

150 

445 

190 

182 

100 

84 

104* 

104f 
109f 
100 
91* 



101J 

109* 

109* 

104* 

100 

103| 

103 

105* 

112* 

120* 

79 

97| 
102 
114* 
108 
113f 
108* 

96* 
113* 
103* 
119* 
126 
112* 

96£ 
111 
100 

92 

82 
106 

88 
113 
115£ 

87 

137 

101 



Market Value. 
$84,000 00 
100,200 00 

71,375 00 
110,700 00 
141,600 00 

45,000 00 
138,375 00 

45,000 00 

94,000 00 
180,250 00 

47,000 00 

14,062 50 
33,375 00 

- 1,900 00 

247,520 00 

1,000 00 

42,000 00 

52,250 00 

10,462 50 

5,487 50 

5,000 00 

228,750 00 

231,562 50 

52,751 25 

27,375 00 
54,750 00 
15,675 00 
30,000 00 
25,906 25 
51,500 00 
26,312 50 
40,500 00 
30,125 00 
39,500 00 
34,212 50 
10,200 00 
28,625 00 
27,000 00 
56,812 50 
27,125 00 
20,265 00 
17,025 00 
25,781 25 
29,875 00 
31,500 00 
28,125 00 
96,875 00 
27,750 00 
13,000 00 
92,000 00 
8,200 00 
26,500 00 
44,000 00 
39,550 00 
28,812.50 
21,750 00 

109,600 00 
25,250 00 



$,536,230 32 



5,510,273 75 



242 



GIRARD FIRE AND MARINE INSURANCE CO. 



GIRARD FIRE AND MARINE INSURANCE COMPANY, 
PHILADELPHIA, PA. 

Incorporated March 26, 1853. Commenced business May 2, 1853. 
Paid-up Capital, $500,000. 
HENRY M. GRATZ, President. EDWIN F. MERRILL, Secretary. 

Home Office, Chestnut and Seventh Streets. 

Income. 

Net fire premiums, $702,450 97 

Deposit premiums on perpetual risks, ..... 45,646 65 

Interest on mortgage loans, $21,797.30; collaterals, $5,889.40; 

stocks and bonds, $49,070.19; deposits, $1,641.29, . . 78,398 18 

Rents, including company's own occupancy, . . . . 15,885 02 

Profit on sale of real estate, . . . . . . . 1,930 55 

Premium on increase in capital, ..... 400,000 00 

From all other sources, . . . . . . . . 1,277 50 



Total income, . 
Ledger assets, Dec. 31, 1905, plus $200,000 increase in capital, 

Total, 

Disbursements. 
Net amount paid for fire losses, 
Deposit premiums returned, . 
Interest and dividends to stockholders, . 
Commissions or brokerage, 
Salaries, fees, etc., of officers and employees, 
Rents, including company's own occupancy, 
Repairs and expenses on real estate, 
Real estate taxes, $4,305.34; other taxes and fees, $21,867.86 
Loss on sale or maturity of ledger assets, 
Advertising and printing, 
Furniture and fixtures, 
Maps, . 
Postage, 

Traveling expenses, 
Tariff associations, 
All other disbursements, , 

Total disbursements, .... 

Balance, . . . . . . 

Ledger Assets. 

Real estate, $219,634.09; mortgages, $365,700, 

Loans secured by collateral (schedule A), 

Stocks and bonds (schedule B), 

Cash in banks and office, . 

Agents' balances, . 

Bill receivable, 

Due from other companies, 

Total ledger assets, 



11, 245,588 87 
2,375,641 06 

^3,621,229 93 



$946,541 31 

36,956 12 

60,000 00 

193,653 66 

49,283 91 

6,800 00 

3,494 48 

26,173 20 

1,263 57 

6,688 94 

419 38 

3,607 99 

5,338 83 

16,910 88 

6,282 73 

2,730 05 

1,366,145 05 

2,255,084 88 



$585,334 09 

74,280 00 

1,233,966 72 

243,369 43 

106,797 56 

5,746 74 

5,590 34 

52,255,084 88 



GIRARD FIRE AND MARINE INSURANCE CO. 



243 



Non-Ledger Assets. 

Interest accrued : — 
On mortgages, $4,832 . 69 ; bonds, $14,592 . 53 ; collateral loans, 

$914.57, 

Market value of real estate over book value, .... 
Market value of stocks and bonds over book value, . 



Gross assets, ...... 

Assets not admitted. 
Agents' balances over three months due, 



$20,339 79 

59,115 91 

2,245 91 

$2,336,786 49 



Due from unauthorized companies, 
Total unadmitted assets, 

Total admitted assets, 

Liabilities. 

Unpaid losses, including $4,500 resisted,^ 
Less reinsurance, ..... 
Unearned premiums on outstanding risks, 
Reclaimable on perpetual fire policies, 

All liabilities, except capital and surplus, 
Surplus to policy holders, 
Paid-up capital, ..... 
Surplus over capital and general liabilities, 



$600 37 
831 00 



1,431 37 
. $2,335,355 12 



$115,669 00 
. 30,482 00 



$951,163 82 



$85,187 00 
663,346 05 
635,658 25 

,384,191 30 

500,000 00 
451,163 82 



Total liabilities, 



, $2,335,355 12 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1905, 
Fire risks written during 1906, 

Total, . . r 

Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, 

Net amount in force, 



Premiums. 

$136,147,351 00 $1,330,165 12 
94,959,664 00 988,992 68 



$231,107,015 00 $2,319,157 80 
79,834,054 00 929,163 15 



$151,272,961 00 $1,389,994 65 
12,142,121 00 146,053 63 



$139,130,840 00 $1,243,941 02 



Perpetual risks in force (not included above), . $34,037,941 00 $706,286 94 

Miscellaneous. 
Premiums received from organization of company, . 



Losses paid from organization of company, 

Fire losses incurred during the year, 

Cash dividends declared from organization of company, 

Dividends declared during the year, 

Company's stock owned by directors, 

Schedule A. Securities held as Collateral. 

Company's 
Market Value. 



$18,500,418 00 

7,803,714 00 

1,005,847 00 

2,444,694 00 

60,000 00 

66,800 00 



First mortgage, dwelling and lot, Mantua Av., Phila., . 
First mortgage, dwelling and lot, 64th Street, Phila., . 



?6,000 00 
2,000 00 



Loaned 
Thereon. 
$5,000 00 
1,600 00 



244 



GIRARD FIRE AND MARINE INSURANCE CO. 



5 first mortgages, dwellings and lots, Leonard and Van Kirk 
streets, Philadelphia, ....... 

5 first mortgages, dwellings and lots, Horton and Race streets, 
Philadelphia, ........ 

16 first mortgages, dwellings and lots, Mifflin St., Phila., 
4 first mortgages, dwellings and lots, Chester Av., Phila., . 

15 first mortgs., dwellings and lots, No. Simpson St., Phila., 

20 first mortgages, dwellings and lots, Winton St., Phila., 



Company's 
Market Value. 

$8,000 00 

7,000 00 
25,600 00 
12,000 00 

47,000 00 



Loaned 
Thereon. 

$6,000 00 

6,000 00 
20,480 00 
10,200 00 

25,000 00 



$107,600 00 $74,280 00 



Schedule B. Stocks and Bonds owned by the Company. 

Railroad Stocks. Book Value. Rate. Market Value. 

200 shares Metropolitan Street, . . . $24,975 00 106* $21,300 00 

50 " Ohio & Little Kanawha, preferred, . - 25 1,250 00 

50 " Ohio & Little Kanawha, ... - — — 

210 " Pennsylvania, ..... 11,900 00 138| 14,529 38 

45 " Phila. & Darby Passenger, . . 2,250 00 80 1,800 00 

300 " Philadelphia Traction Co., . . . 29,062 50 183 27,450 00 

100 shares Continental Title & Trust, Phila., . 2,500 00 200 10,000 00 

Miscellaneous Stocks. 

3 shares General Adjustment Bureau, N. Y., . 150 00 100 150 00 

121 " Lehigh Coal & Nav. Co. trust certs., . 5,812 50 204 12,342 00 

320 " Pennsylvania Salt Mfg. Co., Phila., . 31,032 64 228 36,480 00 

20 " Philadelphia Bourse, . . . 1,000 00 11 110 00 

20 " Philadelphia Bourse, preferred, . . 500 00 12 60 00 

200 " United Gas Imp. Co., Phil., . . 17,395 19 186 18,600 00 

State, County and Municipal Bonds. 

Camden, N. J., 4s, 1926, 20,417 54 102f 20,525 00 

Duluth, Minn., 4*s, 1927, .... 15,300 00 105 15,750 00 

Georgia 4*s, 1907, 28,000 00 100 25,000 00 

Philadelphia, Pa., 3s, 1911, .... 55,513 15 98* 53,968 75 

Seattle, Wash., 5s, 1910-13, .... 50,000 00 104 52,000 00 

Railroad Bonds. 

American Railways 5s, 1911, . . . . 5,100 00 100 5,000 00 

Atlantic Coast Line (Louis. & Nash.) 4s, 1952, . 19,200 00 89 17,800 00 

Chesapeake & Ohio Car trust 4s, 1908, . . 9,655 00 99 9,900 00 

Choctaw, Oklahoma & Gulf 5s, 1952, . . 22,202 14 108* 21,700 00 

Coal River Ry. Co. 4s, 1945, .... 19,350 00 95 19,000 00 

Colorado Southern 4s, 1929, .... 9,425 00 91 9,100 00 

Connecticut Ry. & Lighting Co. 4*s, 1951, . . 9,775 00 102 10,200 00 

Consolidated Traction Co. of N. J. 5s, 1933, . 10,400 00 105* 10,550 00 

Delaware 4*s, 1932, 6,353 25 105 6,300 00 

East McKeesport Street 5s, 1929, . . . 10,504 16 102 10,200 00 

Elmira Water, Light & R.R. Co. 5s, 1949, . . 10,301 39 100 10,000 00 

Fort Pitt Traction Co., Pittsburgh, 5s, 1935, . 11,794 44 108 10,800 00 

Indianapolis Street 4s, 1933, .... 12,997 50 89 13,350 00 

Iron Mountain Car trust 5s, 1911, . . . 20,313 34 100 20,000 00 

Kansas City Southern 3s, 1950, . . . 13,825 00 71* 14,300 00 

Lehigh Valley 4*s, 1940, 10,142 50 108* 10,850 00 

Lehigh Valley 4*s, 1923, . . . . • . 10,180 00 106 10,600 00 

Lehigh Valley 4s, 2003, 29,400 00 97* 29,175 00 

Lehigh Valley Transit Co. 4s, 1935, . . . 21,250 00 86 21,500 00 

Lehigh & Wilkesbarre Coal Co. 4*s, 1910, . . 10,112 50 99 9,900 00 

Lynn & Boston 5s, 1924, 25,500 00 109f 27,343 75 

Mt. Washington Street 5s, 1933, . . . 10,835 72 106 10,600 00 

Newark Passenger 5s, 1930, .... 11,20750 111* 11,15000 

New Orleans Terminal Co. 4s, 1953, . . . 9,600 00 93 9,300 00 

Norfolk Ry. & Light Co. 5s, 1949, . . . 4,850 00 97 4,850 00 

Norfolk & Western equip, trust 4s, 1914, . . 4,874 50 94* ' 4,706 25 

Norfolk & Western 4s, 1944, .... 9,925 00 96 9,600 00 

Norfolk & Western Ry. equip, trust 4s, 1911, . 9,81150 96f 9,637 50 

North Hudson County 5s, 1924, . . . 26,125 00 104 26,000 00 

Pennsylvania 6s, 1910, 9,342 00 106* 10,650 00 

Pennsylvania Steel equip, trustees 3*s, 1909, . 19,590 00 97| 19,525 00 

Philadelphia, Wilm. & Baltimore 4s, 1921, . . 50,721 25 101 50,500 00 

Philadelphia, Wilm. & Baltimore 4s, 1932, . . 20,200 00 102*. 20,500 00 

Philadelphia & Reading Terminal 5s, 1941,. . 60,562 50 120f 60,312 50 

Philadelphia & West Chester Traction 4s, 1954, . 9,300 00 93 9,300 00 



GLENS FALLS INSURANCE CO. 



245 



Pittsburgh, Cin., Chic. & St. Louis 4*s, 1940, 
Pitts., McKeesport & Connellsville 5s, 1931, 
Reading Co. (Jersey Central col.) 4s, 1951, 
Schuylkill Valley Traction Co. 5s, 1945, 
Second Avenue 5s, 1948, . 
Southern Pacific 4s, 1955, 
Southern Car trust 4*s, 1909, 
Southern equipment trust 4*s, 1907, . 
Southern equipment trust 4*s, 1908, . 
Steubenville Trac. & Light Co. 5s, 1926, 
St. Louis, Iron Mt. & Southern 4s, 1933, 
Toledo & Ohio Central 4s, 1951, 
Toledo, St. Louis & Western 3*s, 1925, 
Wabash Pittsburgh Terminal 4s, 1954, 
Wilkinsburg & E. Pittsburgh Street 5s, 1929, 

Miscellaneous Bonds. 
Altoona Gas Co. 5s, 1932, 
American Telephone & Telegraph 4s, 1929, 
Beech Creek Coal & Coke Co. 5s, 1944, 
Bethlehem Iron Co. 1st mortgage 5s, 1907, 
Consol. Gas Co., Pittsburgh, Pa., 5s, 1948, . 
Elgin American Gas Co. 5s, 1950, 
Glens Falls Gas & Electric Light Co. 5s, 1919, 
Hamilton Real Estate Co. 5s, 1927, 
Hudson River Gas & Electric Co. 5s, 1929, 
Hutchinson Water, Light & Power Co. 4s, 1928, 
Kingston Gas & Electric Co. 5s, 1952, 
Philadelphia Co. 5s, 1951, 
Public Service Corporation, N. J., 5s, 1909, 
Rockford Gas Light & Coke Co. 5s, 1950, 
Westchester Lighting Co. 5s, 1950, 
William Cramp & Sons Co. 5s, 1929, . 



Book Value. 

$10,500 00 

15,648 00 

10,017 20 

9,500 00 
22,946 28 

9,768 75 
10,037 50 
10,000 00 
10,022 84 

9,500 00 
19,125 00 
14,643 75 
12,600 00 
18,270 00 
11,100 00 

5,000 00 
19,300 00 

5,850 00 
10,000 00 
22,396 30 
10,120 83 
10,189 03 

9,600 00 
20,600 00 

6,000 00 

4,850 00 

9,975 00 
19,525 00 

9,900 00 
15,381 25 
11,065 28 

$1,233,966 72 



Rate. 

109* 

103* 
95* 

100 

105 
94| 
99* 
99| 
99* 
99 
92 
96 
89 
80 

110 

101 

90 

92* 
100 

99 
100 

98 
100 
100 

81 

97 

01 

6 



101* 

103 



50 
00 
00 
00 



Market Value. 

$10,925 00 

15,525 00 

9,550 00 
10,000 00 
21,000 00 

9,475 00 

9,912 

9,975 

9,950 

9,900 
18,400 00 
14,400 00 
13,350 00 
16,000 00 
11,000 00 

5,050 00 
18,000 00 

5,550 00 
10,000 00 
19,800 00 
10,000 00 

9,800 00 

9,600 00 
20,000 00 

4,860 00 

4,850 00 
10,100 00 
19,200 00 

9,000 00 
15,225 00 
10,300 00 

$1,236,212 63 



GLENS FALLS INSURANCE COMPANY, GLENS FALLS, N. Y. 

Incorporated May, 1849. Commenced business May, 1850. 

Paid-up Capital, $200,000. 

J. L. CUNNINGHAM, President. R. A. LITTLE, Secretary. 

Home Office, Corner Bay and Glen Streets. 

Income. 
Net fire premiums, . . ... . . ' . $1,693,660 22 

Interest on mortgage loans, $44,268 . 84 ; collaterals, $185; stocks 

and bonds, $151,369.26; all other, $12,502.07, . . . 208,325 17 
Rents, . . . ' . ' 2,644 45 



Total income, ...... 

Ledger assets, Dec. 31, 1905, .... 

Total, 

Disbursements. 
Net amount paid for fire losses, 
Dividends to stockholders, . . . 

Commissions or brokerage, 
Salaries, fees, etc., of officers and employees, 
Rents, ...... 

Real estate taxes, $2,314.87; other taxes and fees, $55,409.80, 
Loss on sale of real estate, ....... 



$1,904,629 84 
4,439,153 94 

$6,343,783 78 



,607,561 28 

180,000 00 

361,647 25 

158,460 06 

6,500 00 

57,724 67 

220 00 



246 



GLENS FALLS INSURANCE CO. 



Legal expenses, . . . . . . . 

Advertising, stationery and supplies, . ... 

Agency expenses, ........ 

Office expenses, ........ 

Agents' balances charged off, ...... 

Traveling expenses, ....... 

All other disbursements, ...... 

Total disbursements, 

Balance, . . . • . 

Ledger Assets. 
Real estate, $50,495.23; mortgages, $670,062.37, . 
Loans secured by collateral (Morris & Essex R.R. bonds), 
Stocks and bonds (schedule A), 
Cash in banks and office, ...... 

Agents' balances, . . . ..... 

Bills receivable, ........ 

Total ledger assets, ....... 

Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $3,073.69; bonds, $6,796.25; other assets, 

$503.63, . . . . . 

Rents due and accrued on company's property, 
Market value of stocks and bonds over book value, . 

Gross assets,*. ........ 



$166 35 
23,711 06 
22,959 18 
22,327 73 

2,115 13 

21,732 21 

326 97 

$2,465,451 89 

$3,878,331 89 



$720,557 60 

3,700 00 

2,600,856 44 

347,829 23 

204,988 62 

400 00 

$3,878,331 89 



10,373 57 
325 00 

84,674 81 

$3,973,705 27 



Assets not admitted. 

Agents' balances over three months due, . $1,911 40 

Bills receivable, 400 00 

Special deposits less $42,902 liability thereon, 46,548 00 

Contingent depreciation on mortgage loans, . 20,000 00 

Total unadmitted assets, . . . : 



Total admitted assets, . . . - . 

Liabilities. 

Unpaid losses, including $10,100 resisted, 

Less reinsurance, ...... 

Unearned premiums on outstanding risks, 
Plus same on disallowed reinsurance and com- 
missions to other companies, 



68,859 40 
$3,904,845 87 



$137,176 18 

17,345 22 

1,719,502 76 

9,139 12 



$119,830 96 



Salaries and other miscellaneous expenses, due or accrued, 

12,036,373 03 



All liabilities, except capital and surplus, . 
Surplus to policy holders, .... 

Paid-up capital, ...... 

Surplus over capital and general liabilities, 



Total liabilities, 



1,728,641 88 
20,000 00 

51,868,472 84 

200,000 00 
1,836,373 03 

$3,904,845 87 



* Including $200,000 special reserve held under New York law. 



GLENS FALLS INSURANCE CO. 



247 



Fire risks outstanding Dec. 31, 1905, 
Fire risks written during 1906, 

Total, 

Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, 

Net amount in force, 



Risks and Premiums. 

Premiums. 

$284,354,798 00 $3,188,604 39 
182,888,623 00 2,157,731 76 



$467,243,421 00 $5,346,336 15 
153,432,884 00 1,857,353 73 



$313,810,537 00 
23,886,499 00 



,488,982 42 
318,308 33 



$289,924,038 00 $3,170,674 09 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, 

Fire losses incurred during the year, 

Cash dividends declared from organization of company, 

Dividends declared during the year (90 per cent.), 

Company's stock owned by directors, 



,731,797 00 

14,234,539 00 

1,669,678 00 

1,670,000 00 

180,000 00 

77,810 00 



Schedule A. Stocks and Bonds owned by the Company. 



'Railroad Stocks. 
1,000 shares Chicago, Great Western, deb., 
500 " Union Pacific, preferred, 

Bank Stocks. 
125 shares Cleveland Trust Co., O., 
200 " First National, Glens Falls, N. Y., 
100 " Glens Falls National, N. Y., . 
400 " Iron City Trust Co., Pittsburg, Pa., 
100 " Luz. Co., Tr. Co., Wilkes Barre, Pa 
50 " Mt. Kisco Nat., Mt. Kisco, N. Y., 

Miscellanoeus Stocks. 
250 shares American Type Founders, pref., 

Government Bonds. 
United States 4s, 1925, . 

State, County and Municipal Bonds. 
Georgia 3*s, 1919, .... 
New York, N. Y., 3£s, 1952, 
Pendleton, Oregon, 5s, 1929, op. 1919, 
Richmond, Va., 4s, 1923, . 
Saratoga Springs, N. Y., 5s, 1913, 

Railroad Bonds. 
Baltimore & Ohio 4s, 1948, 
Central of New Jersey 5s, 1987, 
Danville, Urbana & Champaign 5s, 1923, 
Illinois Central Traction Co. 5s, 1933, 
Morris & Essex 7s, 1915, . 
Oklahoma Citv 5s, 1934, . 
Oregon Water Power & By. 6s, 1932, 
Union Pacific 4s, 1947, 
Western Pacific 5s, 1935, . 
West Shore 4s, 2361, 

Miscellaneous Bonds. 
German Trust Co., Davenport, 4*s, 1906, 
Gould Paper Co. 6s, ... 

Hudson River Pulp & Paper Co. 6s, . 
International Paper Co. 6s, 1918, 
J. & J. Rogers Co. 6s, . 
Reno Power, Light & Water Co. 6s, 1944, 



Book Value. 

$90,125 00 

45,000 00 

24,571 44 

10,000 00 

30,000 00 

57,000 00 

20,000 00 

5,000 00 

25,000 00 

50,000 00 

25,000 00 

106,160 00 

50,000 00 

11,000 00 

5,000 00 

50,000 00 
50,000 00 
100,000 00 
49,750 00 
50,000 00 
23,750 00 
25,750 00 
50,000 00 
48,750 00 
50,000 00 

70,000 00 
474,000 00 
320,000 00 
305,000 00 
280,000 00 
100,000 00 

$2,600,856 44 



Rate. 
80 
94 

290 
500 
350 
115 
230 
195 

98 

129f 

105 

91f 
104| 
101* 
105| 

lOOf 

126 
100 
100 
123 

97 
102 
102 

88 
103* 

100 

100 

100 

105* 

100 

101 



Market Value 

$80,000 00 

47,000 00 

36,250 00 
50,000 00 
35,000 00 
46,000 00 
23,000 00 
9,750 00 

24,500 00 

64,812 50 

26,250 00 
91,625 00 
52,062 50 
11,137 50 
5,268 75 

50,375 00 
63,000 00 
100,000 00 
50,000 00 
61,500 00 
24,250 00 
25,500 00 
51,000 00 
44,000 00 
51,750 00 

70,000 00 
474,000 00 
320,000 00 
316,500 00 
280,000 00 
101,000 00 

12,685,531 25 



248 



GRANITE STATE FIRE INSURANCE CO. 



GRANITE STATE FIRE INSURANCE COMPANY, PORTSMOUTH, N. H. 

Incorporated July 17, 1885. Commenced business Nov. 12, 1885. 

Paid-up Capital, $200,000. 

CALVIN PAGE. President. ALFRED F. HOWARD, Secretary. 

Home Office, 32 Congress Street. 

Income. 

Net fire premiums, ........ $498,654 54 

Interest on mortgage loans, $730.05; stocks and bonds, $25,- 

268.34; allother, $1,111.68, 27,110 07 

Rents, including company's own occupancy, . . . . 3,123 40 

Profit and loss, , . 664 38 



Total income, . . . ... 

Ledger assets, Dec. 31, 1905, .... 

Total, 

Disbursements. 
Net amount paid for fire losses, 
Dividends to stockholders, 
Commissions or brokerage, 
Salaries, fees, etc., of officers and employees, 
Rents, including company's own occupancy, 
Repairs and expenses on real estate, 
Real estate taxes, $625; other taxes and fees, $12,019.18 
Loss on sale of real estate, 
Adjustments and inspections, 
Advertising and printing, 
Legal expenses, 
Furniture, 

Maps, .... 
Premiums on securities purchased, . 
Reduction in book value of real estate, 
All other disbursements, 

Total disbursements, 

Balance, 

Ledger Assets 

Real estate, $32,500; mortgages, $14,000, 

Stocks and bonds (schedule A), 

Cash in banks and office, 

Agents' balances, ..... 

Total ledger assets, .... 

Non-Ledger Assets. 
Interest accrued : — 
On mortgages, $184 . 16 ; bonds, $2,732 . 43, 
Rents due and accrued on company's property, 
Due from other companies, .... 

Gross assets, ...... 



$529,552 39 
772,552 65 

$1,302,105 04 



$220,130 40 

16,000 00 

107,542 69 

18,824 43 

1,500 00 

340 44 

12,644 18 

371 82 

21,967 26 

5,051 96 

310 00 

441 84 

2,017 74 

219 92 

7,152 50 

8,793 15 

$423,308 33 

$878,796 71 



$46,500 00 

723,861 58 

49,955 43 

58,479 70 

£878,796 71 



2,916 59 

437 07 

402 09 

$882,552 46 



GRANITE STATE FIRE INSURANCE CO. 



249 



Assets not admitted. 

Agents' balances over three months due, . . $202 51 

Book value of stocks and bonds over market value, . 4,427 95 

Total unadmitted assets, . . . 

Total admitted assets, ....... 

Liabilities. 

Unpaid losses, including $1,083 resisted, 

Less reinsurance, ...... 

Unearned premiums on outstanding risks, 
Due for reinsurance, ..... 

All liabilities, except capital and surplus, .... 

Surplus to policy holders, .... $457,190 07 

Paid-up capital, . . . . . ... 

Surplus over capital and general liabilities, .... 

Total liabilities, . . . . 



,126 

13,125 



:,630 46 



$877,922 00 



98 

53 $37,001 45 

379,357 26 

4,373 22 



$420,731 93 

200,000 00 
257,190 07 

$877,922 00 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1905, 
Fire risks written during 1906, 

Total, .... 

Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, 

Net amount in force, 



$70,975,839 
53,425,688 



Premiums. 

00 $868,396 55 
00 689,659 06 



. $124,401,527 
. 42,455,544 



00 $1,558,055 61 
00 572,985 72 



$81,945,983 00 
19,475,913 00 



$985,069 89 
249,438 29 



$62,470,070 00 $735,631 60 



Miscellaneous. 
Premiums received from organization of company, . 
Losses paid from organization of company, 
Fire losses incurred during the year, " 
Cash dividends declared from organization of company, 
Dividends declared during the year (8 per cent.), 
Company's stock owned by directors, 



$10,096,727 00 
4,397,298 00 
227,267 00 
208,000 00 
16,000 00 
35,800 00 



Schedule A. Stocks and Bonds owned by the Company. 



Railroad Stocks. 
131 shares Boston & Maine, common, 
48 " Concord & Montreal, Class 1, 
7 " Concord & Montreal, Class 3, 
35 " Concord & Montreal, Class 4, 
100 " Illinois Central, 
666 " Pennsylvania, . 
51 " Worcester, Nashua & Rochester 

Miscellaneous Stocks. 
3 shares General Adjustment Bureau, N. 
50 " Nashua Card, Gum. & C. P. Co. 
5 " Underwriters Salvage Co., N. Y 

State, County and Municipal Bonds. 
Boston, Mass., 4s, 1913, . 
Boston, Mass., 3£s, 1919, . 



Y., . 

pref., 



Book Value. 

$19,802 16 

8,736 00 

1,274 00 

6,090 00 

13,925 00 

50,664 79 

6,219 63 

150 00 

5,000 00 

500 00 

10,000 00 
2,000 00 



Rate. 
161 
187f 
187| 
187J 
165* 
138f 
150 

100 

80 

100 

100f 

97f 



Market Value. 

$21,091 00 

9,012 00 

1,314 25 

6,571 25 

16,550 00 

46,078 88 

7,650 00 

150 00 

4,000 00 

500 00 

10,075 00 
1,952 50 



250 



GRANITE STATE FIRE INSURANCE CO. 



Boston, Mass., 3*s, 1935, . 
Boston, Mass., 3+s, 1920, . 
Boston, Mass., 3*s, 1938, . 
Burlington, Vt., 4s ; 1917, 
Cincinnati, O., 3^s, 1952, . 
Columbia County, Wash., 4*s, 1913, 
Columbia County, Wash., 4+s, 1914, 
Concord, N. H., 4s, 1922, . 
Concord, N. H., 3*s, 1923, 
Coos County, N. H., 4s, 1911, 
Coos County, N. H., 4s, 1913, 
Coos County, N. H., 4s, 1915, 
Cumberland County, Me., 3*s, 1921, 
Cuyahoga County, O., 4s, 1910, 
Dover, N. H., 4s, 1912, . 
Dover, N. H., 4s, 1914, . 
Franklin, N. H., 3*s, 1921, 
Gloucester, Mass., 3*s, 1932, 
Hillsboro Bridge, N. H., 4s, 1917, 
Hillsboro County, N. H., 4s, 1921, 
Laconia, N. H., 4s, 1923, . 
Laconia, N. H., 4s, 1924, . 
Laconia, N. H., 4s, 1926, . 
Laconia, N. H., 4s, 1927, . 
Littleton, N. H., 3*s, 1933, 
Maiden, Mass., 4s, 1910, . 
Maiden, Mass., 4s, 1919, . 
Massachusetts 3*s, 1918, . 
Massachusetts 3*s, 1931, . 
Massachusetts 3*s, 1938, . 
Milwaukee, Wis., 3*s, 1921, 
Nashua, N. H., 4s, 1913, . 
Nashua, N. H., 4s, 1915, . 
New Hampshire 3*s, 1912, 
New Hampshire 3*s, 1920, 
New Hampshire 3*s, 1921, 
New Hampshire 3*s, 1922, 
New Hampshire 3*s, 1923, 
New Hampshire 3*s, 1924, 
New Hampshire 3*s, 1925, 
Newton, Mass., 4s, 1935, . 
New York, N. Y., 4s, 1936, 
New York, N. Y., 3*s, 1948, 
New York, N. Y., 3*s, 1953, 
New York, N. Y., 3*s, 1954, 
New York, N. Y., 4s, 1955, 
Peterboro, N. H., 4s, 1911, 
Peterboro, N. H., 4s, 1912, 
Pittsfield, N. H., 4s, 1912, 
Portland, Me., 3*s, 1922, . 
Portsmouth, N. H., 4s, 1912, 
Portsmouth, N. H., 4s, 1916, 
Quincy, Mass., 4s, 1933, . 
Quincy, Mass., 4s, 1934, . 
Rockingham County, N. H., 3*s, 1910, 
Rockingham Countv, N. H., 4s, 1918, 
Rutland, Vt., 4s, 1924, 
Taunton, Mass., 4s, 1918, 
Waterville, Me., 3*s, 1935, 
Wilton, N. H., 3*s, 1915, . 

Railroad Bonds. 
Boston & Lowell 4s, 1915, 
Boston & Maine 3*s, 1923, 
Concord & Montreal 4s, 1920, 
Concord & Montreal 3*s, 1920, 
Fitchburg 4s, 1928, . " . 
Illinois Central 3*s, 1952, . 
New York Central & Hudson River 3*s, 1997, 
Peterboro & Hillsboro 4*s, 1917, 



Book Value. 


Rate. 


Market Value. 


$14,000 


00 


95f 


$13,405 00 


6,000 


00 


97+ 


5,850 00 


10,000 


00 


95* 


9,550 00 


5,000 


00 


101| 


5,087 50 


10,000 


00 


96f 


9,675 00 


4,000 


00 


101* 


4,060 00 


4,000 


00 


101f 


4,070 00 


1,000 


00 


98* 


985 00 


10,000 


00 


98* 


9,850 00 


5,000 


00 


100| 


5,043 75 


5,000 


00 


101f 


5,068 75 


5,000 


00 


lOlf 


5,087 50 


10,000 


00 


97 


9,700 00 


10,000 


00 


1001 


10,075 00 


8,000 


00 


100* 


8,040 00 


5,000 


00 


101 


5,050 00 


10,000 


00 


96f 


9,675 00 


10,000 


00 


95 


9,500 00 


25,000 


00 


101* 


25,375 00 


10,000 


00 


103| 


10,375 00 


5,000 


00 


101+ 


5,075 00 


1,000 


00 


lOlf 


1,016 25 


2,000 


00 


lOlf 


2,035 00 


2,000 


00 


101* 


2,035 00 


12,000 


00 


95 


11,400 00 


5,000 


00 


100 


5,000 00 


12,000 


00 


102| 


12,285 00 


20,000 


00 


100* 


20,100 00 


10,000 


00 


lOOf 


10,075 00 


20,000 


00 


101 


20,200 00 


5,000 


00 


96| 


4,837 50 


1,000 


00 


lOOf 


1,007 50 


9,000 


00 


101 


9,090 00 


2,000 


00 


101* 


2,025 00 


5,000 


00 


102| 


5,137 50 


10,000 


00 


102$ 


10,287 50 


10,000 


00 


103 


10,300 00 


10,000 


00 


103* 


10,312 50 


10,000 


00 


103J 


10,325 00 


5,000 


00 


103* 


5,175 00 


9,000 


00 


104| 


9,393 75 


10,000 


00 


1011 


10,187 50 


20,000 


00 


91i 


18,375 00 


8,000 


00 


91* 


7,320 00 


10,000 


00 


91f 


9,137 50 


15,000 


00 


102i 


15,318 75 


2,000 


00 


100 


2,000 00 


2,000 


00 


100 


2,000 00 


2,500 


00 


100 


2,500 00 


10,000 


00 • 


97f 


9,775 00 


1,500 


00 


100* 


1,507 50 


8,500 


00 


101 


8,585 00 


3,000 


00 


104* 


3,123 75 


3,000 


00 


104* 


3,127 50 


6,000 


00 


99 


5,940 00 


4,000 


00 


102* 


4,090 00 


5,000 


00 


102* 


5,125 00 


8,000 


00 


102* 


8,180 00 


10,000 


00 


94 


9,400 00 


29,000 


00 


96* 


28,093 75 


10,000 


00 


1001 


, 10,087 50 


3,000 


00 


96* 


2,887 50 


30,000 


00 


101* 


30,375 00 


34,000 


00 


95* 


32,470 00 


5,000 


00 


101* 


5,075 00 


5,000 


00 


91 


4,550 00 


13,000 


00 


93* 


12,122 50 


10,000 


00 


105 


10,500 00 


$723,861 


58 


$719,433 63 



THE HAMILTON FIRE INSURANCE CO. 



251 



THE HAMILTON FIRE INSURANCE COMPANY, NEW YORK, N. Y. 

Incorporated 1852. Commenced business May 22, 1852. 

* Paid-up Capital, $200,004. 

M. S. BUTTLES, President. E. L. LABDON, Secretary. 

Home Office, 100 William Street. 

Income. 

Net fire premiums, $140,167 80 

Interest on mortgage loans, $2,205; stocks and bonds, $8,212.50; 

deposits, $652.25, _ 11,069 75 

Profit on sale of securities, . . . . - . . . 14,346 11 

Total income, $165,583 66 

Ledger assets, Dec. 31, 1905, plus $100,005 increase in capital, . 311,604 23 

Total, $477,187 89 

Disbursements. 

Net amount paid for fire losses, ...... $78,644 05 

Commissions or brokerage, ....... 46,722 58 

Salaries, fees, etc., of officers and employees, .... 5,400 00 

Rents, ' • . 2,020 00 

Taxes and fees, 3,878 48 

Loss on sale of securities, ....... 3,855 03 

Advertising and printing, ....... 1,509 98 

Maps, books, stationery, etc., . ..... 1,528 52 

All other disbursements, ....... 3,203 44 

Total disbursements, $146,762 08 

Balance, ......... $330,425 81 

Ledger Assets. 

Mortgages, $76,600 00 

Stocks and bonds (schedule A), 231,725 00 

Cash in banks and office, . . . . . . . 5,492 43 

Agents' balances, ......... 16,608 38 

- Total ledger assets, $330,425 81 

Non-Ledger Assets. 
Interest accrued : — 

Onmortgages, $1,200.84; bonds, $416.66, .... 1,61750 

Gross assets, $332,043 31 



* Cash capital Dec. 31, 1905, 
Increase ot capital during 1906, 



$150,000 00 
100,005 00 



Total $250,005 00 

Decrease in cash capital during 1906 without distribution of assets, 50,001 00 



Cash capital Dec. 31, 1906, 



$200,004 00 



252 



THE HAMILTON FIRE INSURANCE CO. 



Assets not admitted. 
Agents' balances over three months due, . .. $139 
Book value of stocks and bonds over market value, . 2,047 
Total unadmitted assets, . . . 



83 
50 



Total admitted assets, 

Liabilities. 

Unpaid losses, including $7,773 . 13 resisted, 

Unearned premiums on outstanding risks, 

Dividends due stockholders, ...... 

Salaries and other miscellaneous expenses, due or accrued, 
All other, 



All liabilities, except capital and surplus, . 
Surplus to policy holders, . . . 

Paid-up capital, ...... 

Surplus over capital and general liabilities, 



$230,693 87 



Total liabilities, 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1905, 
Fire risks written during 1906, 

Total, . . . 

Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, 

Net amount in force, 



$6,233,042 
13,363,256 



$2,187 33 
$329,855 98 



$23,782 68 

74,496 66 

564 75 

266 66 

51 36 



,162 11 



200,004 00 

30,689 87 

$329,855 98 



Premiums. 

00 $96,257 08 
00 195,364 39 



$19,596,298 
9,876,544 



00 $291,621 47 
00 150,951 12 



),719,754 00 $140,670 35 
38,375 00 196 39 



1,681,379 00 $140,473 96 



Miscellaneous. 

Premiums received from organization of company, . 

Losses paid from organization of company, 

Fire losses incurred during the year, 

Cash dividends declared from organization of company, 

Company's stock owned by directors, 



$4,424,614 00 

2,610,089 00 

82,919 00 

677,250 00 

87,540 00 



Schedule A. Stocks and Bonds 

Railroad Stocks. 
100 shares N. Y. Central & Hudson River, 
150 " Pennsylvania, . 
500 " Southern Pacific, . 
20 " Twin City R. Tran., 

Bank Stocks. 
50 shares Nassau, New York, N. Y., 
Miscellaneous Stocks. 
100 shares General Electric Co., 
100 rights General Electric Co., 

Mxmicipal Bonds. 
New York, N. Y., 3s, 1908, . 
New York, N. Y., 3s, 1921, .-.-.. 
New York, N. Y., 3*s, 1954, . 
New York, N. Y., 5s, 1907 



OWNED BY THE COMPANY. 



Book Value. 

$13,100 00 

21,762 50 

46,900 00 

2,000 00 

5,000 00 

17,962 50 



30,000 00 
20,000 00 
25,000 00 
50,000 00 

$231,725 00 



Rate. 
131 
138f 
92f 

102 

195 
160 

98^ 
90| 
91f 
100 



Market Value. 

$13,100 00 

20,756 25 

46,375 00 

2,040 00 

9,750 00 

16,000 00 
1,187 50 

29,550 00 
18,075 00 
22,843 75 
50,000 00 

$229,677 50 



HANOVER FIRE INSURANCE CO. 



253 



HANOVER FIRE INSURANCE COMPANY, NEW YORK, N. Y. 

Incorporated April, 1852. Commenced business April, 1852. 

* Paid-up Capital, $1,000,000. 

R. EMORY WARFIELD, President. JOSEPH McCORD, Secretary. 

Home Office, 34 Pine Street. 



Income. 
Net fire premiums, ...... 

Interest on mortgage loans, $175; stocks and bonds, $122,750 . 74 

allother, $8,955.23, . ' . 
Rents, including company's own occupancy, 
Profit on sale of stock, .... 

Agents' balances previously charged off, . 
Premium on increase in capital, 

Total income, ........ 

Ledger assets, Dec. 31, 1905, plus $500,000 increase in capital, 

Total, 

Disbursements. 
Net amount paid for fire losses, 
Dividends to stockholders, 
Commissions or brokerage, 
Salaries, fees, etc., of officers and employees, 
Rents, including company's own occupancy, 
Repairs and expenses on real estate, 
Real estate taxes, $12,040.29; other taxes and fees, 
Loss on sale or maturity of stocks and bonds, 
Legal expenses, ..... 
Advertising, printing and stationery, 
Office furniture and expenses, . 
Maps, surveys, etc., . . . 

Postage, express, exchange, etc., 
Traveling expenses, 
Fire patrols, ..... 

Total disbursements, 

Balance, ..... 

Ledger Assets. 

Real estate, $898,575.06; mortgages, $3,500, . 
Stocks and bonds (schedule A), 
Cash in banks and office, .... 

Agents' balances, ...... 

Total ledger assets, . . . . 



£2,402,153 59 

131,880 97 

73,282 83 

54,938 99 

495 54 

250,000 00 

52,912,751 92 

4,514,948 18 



. $7,427,700 


10 


. $2,562,328 67 


40,000 


00 


483,982 


27 


185,980 


71 


22,689 


17 


22,056 


59 


$73,718.59, 85,758 


88 


4,840 


76 


3,680 


93 


23,363 


86 


17,781 


09 


50,254 


19 


24,300 


14 


34,181 


74 


12,183 


15 


. $3,573,382 


15 


. $3,854,317 


95 


. $902,075 06 


. 2,365,022 


93 


252,991 


76 


334,228 


20 


. $3,854,317 


95 



* Cash capital Dec. 31, 1905, . $1,000,000 00 

Increase of capital during 1906, 500,000 00 

Total, . $1,500,000 00 

Decrease in cash capital during 1906 without distribution of assets, 500,000 00 



Cash capital Dec. 31, 1906, . . . . . . $1,000,000 00 



254 



HANOVER FIRE INSURANCE CO. 



Non-Ledger Assets. 
Interest accrued on mortgages, 
Market value of real estate over book value, 
Market value of stocks and bonds over book value, 
Due from other companies, .... 

Gross assets, ...... 

Assets not admitted. 
Agents' balances over three months due, 
Special deposits less $49,027 . 09 liability thereon, 
Total unadmitted assets, 



$877 83 
69,347 91 



Total admitted assets, ....... 

Liabilities. 

Unpaid losses, including $29,916.63 resisted, . $305,561 41 
Less reinsurance, ...... 31,493 11 

Unearned premiums on outstanding risks, .... 

Commissions and other charges due agents and brokers, 

Due for return premiums, $1,510.60; reinsurance, $28,998.72, . 



All liabilities, except capital and surplus, 
Surplus to policy holders, 
Paid-up capital, ... 
Surplus over capital and general liabilities, 



$1,836,660 42 



Total liabilities, 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1905, 
Fire risks written during 1906, 

Total, 

Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, 

Net amount in force, 



$479,606,331 00 
301,454,711 00 



$14 58 

230,897 94 

123,090 57 

14,334 83 

t,222,655 87 



70,225 74 
t,152,430 13 



$274,068 30 

1,997,772 87 

13,419 22 

30,509 32 

52,315,769 71 

1,000,000 00 
836,660 42 

54,152,430 13 



Premiums. 

&4,651,380 56 
3,243,042 38 



$781,061,042 00 $7,894,422 94 
349,207,103 00 3,558,643 31 



$431,853,939 00 $4,335,779 63 
43,183,883 00 415,166 18 



$388,670,056 00 $3,920,613 45 



Miscellaneous. 

Premiums received from organization of company, . 

Losses paid from organization of company, 

Fire losses incurred during the year, 

Cash dividends declared from organization of company, 

Stock dividends declared from organization of company, 

Dividends declared during the year, 

Company's stock owned by directors, 



$51,158,557 00 

30,425,963 00 

2,587,477 00 

4,399,500 00 

100,000 00 

, 40,000 00 

327,300 00 



Schedule A. Stocks and Bonds owned by the Company. 



Railroad Stocks. 
500 shares Baltimore & Ohio, preferred, . 
100 " Chic. Great Western, debenture, 
100 " Chic., Mil. & St. Paul, preferred, 
573 " Chicago & Northwestern, common, 
300 " Chicago & Northwestern, preferred, 



Book Value. 
$48,028 12 
9,187 50 
14,050 00 
49,672 75 
37,256 25 



Rate. 

92* 

80 
162f 
198* 
230 



Market Value. 

$46,125 00 

8,000 00 

16,275 00 

113,597 25 

69,000 00. 



HARTFORD FIRE INSURANCE CO. 



255 



500 shares Cleve., Cin., Chic. & St. L., pref., 

300 " Kansas City, Ft. Sc. & Mem., pref., 
1,200 " Manhattan, .... 

300 " N. Y., New Haven & Hartford, 

250 " Norfolk & Western, preferred, 
2,000 " Pennsylvania, 

700 " Pittsburg, McKeesport & Yough., 

500 " Reading 1st preferred, 

100 " Rensselaer & Saratoga, . 

500 " Southern, preferred, 

800 " Union Pacific, preferred, 
Bank Stocks. 

150 sh\ares Am. Ex. National, New York, 
75 " Bank of America, New York, N. Y., 
Government Bonds. 
United States 2s, 1930, . 

State and Municipal Bonds 
Georgia 4£s, 1910, 
Georgia 4Js, 1911, 
Massachusetts 3is, 1940, . 
Massachusetts 3^s, 1942, . 
New York, N. Y., 3s, 1907, 
New York, N. Y., 3s, 1921, 
Richmond, Va., 5s, 1922, . 

Railroad Bonds 
Atchison, Topeka & Santa Fe 4s, 1914, 
Atlantic Coast Line 4s, 1952, 
Brooklyn City 5s, 1941, . 
Central Pacific 1st ref. 4s, 1949, 
Chicago, Indianapolis & Louisville 6s, 1947, 
Chicago, Milwaukee & St. Paul 5s, 1914, 
Chic, Mil. & St. Paul (Wis. & Minn. Div.) 5s, 1921 
Chicago, Rock Island & Pacific 4s, 1988, 
Cleve., Cincinnati, Chic. & St. Louis 4s, 1993, 
Columbus & Ninth Ave. 5s, 1993, 
Erie prior lien 4s, 1996, .... 
Lehigh Valley Terminal 5s, 1941, 
Lehigh & Wilkesbarre Coal Co. 4^s, 1910, . 
Long Island guar. ref. 4s, 1949, . 
Manhattan 4s, 1990, .... 

Missouri, Kansas & Texas 1st mort. 4s, 1990, 
Missouri Pacific 5s, 1920, .... 
Norfolk & Western 4s, 1996, 

Northern Pac. Gt.-Nor. (C. B. & Q. coll.) 4s, 1921 
Northern Pacific 4s, 1997, 
Pennsylvania 4-Js, 1921, 

Reading Co. & Ph. & R. Coal & Iron Co. 4s, 1997 
St. Louis, Iron Mountain & Southern 4s, 1929, 
St. Louis, Iron Mountain & Southern 5s, 1931, 
Southern 5s, 1994, . . . . 

Southern 4s, 1951, . . . . 

Western Maryland 4s, 1952, ... 

Miscellaneous Bonds. 
Laclede Gas Light Co. 5s, 1919, 



Book Value. 


Rate. 


Market Value. 


$49,337 


50 


110 


$55,000 00 


24,787 


50 


79^ 


23,850 00 


196,500 


00 


142f 


171,300 00 


40,559 


38 


190^ 


57,150 00 


23,543 


75 


90 


22,500 00 


107,985 


63 


138| 


138,375 00 


48,325 


00 


133 , 


46,550 00 


22,756 


25 


90 


22,500 00 


13,512 


50 


200 


20,000 00 


46,550 


00 


94 


47,000 00 


70,750 


00 


94 


75,200 00 


16,766 


26 


247 


37,050 00 


, 25,125 


00 


525 


39,375 00 


50,131 


25 


104^ 


52,250 00 


5,393 


75 


103^ 


5,175 00 


10,787 


50 


105 


10,500 00 


44,050 


00 


101 


40,400 00 


66,225 


00 


101 


60,600 00 


104,000 


00 


99i 


99.250 00 


76,589 


60 


90| 


67;781 25 


54,680 


56 


1111 


55,625 00 


23,531 


25 


95f 


23,906 25 


24,656 


25 


96 


24,000 00 


28,637 


50 


103i 


25,875 00 


50,375 


00 


98| 


49,437 50 


27,606 


25 


130 


32,500 00 


32,306 


25 


106f 


32,025 00 


, 10,312 


50 


in* 


11,150 00 


15,826 


25 


99| 


14,962 50 


25,000 


00 


101 


25,250 00 


11,600 


00 


114 


11,400 00 


46,500 


00 


97 


48,500 00 


22,600 


00 


117^ 


23,500 00 


50,945 


00 


99 


49,500 00 


50,928 


13 


99 


49,500 00 


26,350 


00 


1001 


25,125 00 


50,437 


50 


97£ 


48,750 00 


80,406 


25 


104i 


78,375 00 


48,925 


00 


98i 


49,250 00 


, 65,468 


75 


96| 


62,968 75 


51,200 


00 


102 


51,000 00 


38,250 


00 


1051 


37,980 00 


, 48,455 


00 


99 


49,500 00 


93,750 


00 


89 


89,000 00 


26,857 


50 


mi- 


26,105 00 


58,891 


25 


ll 3f 


56,875 00 


24,937 


50 


96i 


24,125 00 


46,500 


00 


82 


41,000 00 


27,218 


75 


104£ 


26,125 00 


$2,365,022 


93 


$2,488,113 50 



HARTFORD FIRE INSURANCE COMPANY, HARTFORD, CONN. 

Incorporated May, 1810. Commenced business August, 1810. 

Paid-up Capital, $2,000,000. 

GEORGE L. CHASE, President. P. C. ROYCE, Secretary. 

Home Office, 125 Trumbull Street. 

Income. 

Net fire premiums, $13,999,931 92 

Interest on mortgage loans, $33,236.96; collaterals, $50; stocks 

and bonds, $556,290.11; deposits, $19,872.56, . . . 609,449 63 



256 



HARTFORD FIRE INSURANCE CO. 



Rents, including company's own occupancy, 
Profit on sale or maturity of ledger assets, 
Borrowed money, .... 
Conscience money, 
Profit and loss, .... 
Premium on increase in capital, 
Reinsuring companies under treaty, 



Total income, ....... 

Ledger assets, Dec. 31, 1905, plus $750,000 increase in capital, 



Total, 

Disbursements. 
Net amount paid for fire losses, 
Dividends to stockholders, .... 

Commissions or brokerage, .... 

Salaries, fees, etc., of officers and employees, 
Rents, including company's own occupancy, 
Repairs and expenses on real estate, 
Real estate taxes, $8,300; other taxes and fees, $326, 
Loss on sale of real estate, .... 

Interest on loans, ...... 

Advertising, printing and stationery, 

Legal expenses, . . . . ... 

Furniture and fixtures, etc., .... 

Maps and commercial ratings, 

Postage, express, telegrams, telephone and exchange, 

Borrowed money repaid, .... 

Agents' balances charged off, .... 

Traveling and special agents' expenses, . 

Underwriters' boards, patrol, etc., . 

All other disbursements, .... 

Total disbursements, .... 



110.38, 



Balance, 



$46,710 42 

7,823 26 

3,150,000 00 

1,701 45 

23 81 

3,000,000 00 

73,184 56 

$20,888,825 05 
16,264,630 04 

$37,153,455 09 



$13,460,525 36 

529,200 00 

2,713,328 84 

780,466 73 

80,249 06 

29,810 17 

334,410 38 

2,916 12 

39,296 54 

131,551 65 

19,001 70 

60,264 57 

44,212 04 

91,272 52 

1,650,000 00 

38,858 74 

371,580 05 

215,202 01 

£4,924 92 

$20,617,071 40 

$16,536,383 69 



Ledger Assets. 



Real estate, $1,050,689.54; mortgages, $616,600, . . . $1,667,289 54 

Loans secured by collateral (64 shares Billings & Spencer Co.), 1,000 00 

Stocks and bonds (schedule A), ..... .11,977,76207 

Cash in banks and office, . . . . . . . 1,319,809 98 

Agents' balances, 1,570,522 10 



Total ledger assets, .... 

Non-Ledger Assets. 
Interest due and accrued : — 
On mortgages, $7,026.99; collateral loans, $9.72, 
Rents accrued on company's property, 
Market value of real estate over book value, 
Market value of stocks and bonds over book value, 
Due from other companies, . 

Gross assets, ...... 



$16,536,383 69 



7,036 71 

1,421 04 

40,498 21 

893,140 36 

39,885 59 

$17,518,365 60 



HARTFORD FIRE INSURANCE CO. 



257 



Assets not admitted. 
Special deposits less $501,416.13 liability thereon, 

Total admitted assets, .... 



Liabilities. 

Unpaid losses, including $55,380.12 resisted, 
Unearned premiums on outstanding risks, 
Interest due or accrued, .... 
Borrowed money, ..... 
Due reinsuring companies under treaty, . 

All liabilities, except capital and surplus, 
Surplus to policy holders, 
Paid-up capital, ..... 
Surplus over capital and general liabilities, 

Total liabilities, .... 



,843 27 



$17,477,522 33 



$767,411 73 

10,655,433 14 

138,298 36 

1,500,000 00 

288,278 20 



t,128,100 90 



$13,349,421 43 



2,000,000 00 
. 2,128,100 90 

$17,477,522 33 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1905, . $1,633,238,240 00 $19,720,090 18 
Fire risks written during 1906, . . 1,374,532,379 00 17,427,088 08 

Total, . . 

Risks expired and terminated, 

In force at end of year, . 

Amount reinsured, . . . 

Net amount in force, 



$3,007,770,619 00 $37,147,178 26 
1,271,488,421 00 15,887,578 74 



,736,282,198 00 $21,259,599 52 
109,865,010 00 1,029,129 23 



,626,417,188 00 $20,230,470 29 



Miscellaneous. 
Premiums received from organization of company, . 
Losses paid from organization of company, 
Fire losses incurred during the year, 
Cash dividends declared from organization of company, 
Stock dividends declared from organization of company, 
Dividends declared during the year, 
Company's stock owned by directors, 



$182,896,198 00 

110,414,729 00 

13,537,211 00 

12,212,125 00 

950,000 00 

529,200 00 

200,200 00 



Schedule A. Stocks and Bonds owned by the Company. 



477 

370 

847 

200 

1,467 

1,000 

20 

748 

500 

1,888 

30 

315 
200 
300 
150 



Railroad Stocks. 

shares Chic, Milwaukee & St. Paul, . 
" Chic, Milwaukee & St. Paul pref., 

rights C, M. & St. Paul, . 

shares Chicago & Northwestern, preferred, 
" Chicago & Northwestern, 
" Connecticut & Passumpsic Riv. , guar 
" Connecticut River, 
" New York Cen. & Hudson River, 
" N. Y., Lackawanna & Western, 
" New York, New Haven & Hart., 
" Union Pacific, preferred, . . 

Bank Stocks. 

shares iEtna Nat., Hartford, Conn., . 
" Amer. Ex. Nat., New York, N. Y., 
" American Nat., Hartford, Conn., 
" Bank of America, New York, N. Y., 



Book Value. 

$37,855 38 

31,716 25 

27,325 00 

160,799 32 

100,000 00 

2,000 00 

76,946 47 

57,125 00 

182,634 69 

2,964 56 

32,780 00 
21,066 25 
15,000 00 
18,573 25 



Rate. 

148* 
162f 

33^ 
230 
198i 
100 
285 
131 
127f 
190* 

94 

225 
247 
140 
525 



Market Value. 

$71,013 38 

60,217 50 

28,374 50 

46,000 00 

290,832 75 

100,000 00 

5,700 00 

97,988 00 

63,687 50 

359,664 00 

2,820 00 

70,875 00 
49,400 00 
21,000 00 
78,750 00 



258 



HAKTFORD FIRE INSURANCE CO. 



Book Value. 

200 shares B'k of the Manhattan Co., N.Y.,N.Y., $13,129 51 

175 " Bank of Montreal, Montreal, Can., . 43,964 78 

125 " Boylston National, Boston, Mass., . 11,935 35 

200 " Charter Oak Nat., Hartford, Conn., . 20,350 00 

166 " City, Hartford, Conn., . . . 23,964 75 

100 " Conn. Riv. B. Co., Hartford, Conn., . 7,660 00 

314 " Conn. T. & S. D. Co., Hartford, Conn., 37,021 22 

122 " Farm. & Mech. Nat., Hartford, Conn., 22,16199 

172 " First National, Hartford, Conn., . 13,348 50 

556 " Hartford National, Conn., . . 63,962 75 

300 " Imp. & Tr. Nat., New York, N. Y., . 30,000 00 

334 " Merchants Nat., New York, N. Y., . 19,735 17 

125 " Nat. B. of Com,, New York, N. Y., . 14,499 50 

200 " Nat. B: of N. Am., New York, N. Y., 30,781 50 

40 " Nat. Ex., Hartford, Conn., . . 2,400 00 

43^ " Ontario, Toronto, Canada, . . 13,082 18 

467 " Phoenix Nat., Hartford, Conn., . 50,470 25 

Miscellaneous Stocks. 

120 shares Connecticut River Co., . . . 3,000 00 

825 " New York Dock Co., preferred, . 83,000 00 

500 " Northwestern Telegraph Co., . . 25,000 00 

Government Bonds. 

U. S. of Mexico 5s, 1944, . . ■ . . . 101,966 40 

State and Municipal Bonds. 

Georgia 3|s, 1918, 25,750 00 

Montreal, Canada, 4s, 1926, .... 64,821 25 

Richmond, Va., 4s, 1921, 53,593 75 

Toronto, Canada, 3^s, 1930, .... 41,004 10 

Toronto, Canada, 3£s, 1929, 65,043 00 

Toronto, Canada, 3£s, 1944, .... 116,284 13 

Virginia 3s, 1992, 10,093 12 

Winnipeg, Manitoba, 3^s, 1941, . . . 45,250 00 

Railroad Bonds. 

Atchison, Top. & S. Fe gen. mortgage 4s, 1995, . 25,625 00 

Atlantic Coast Line (L. & N. coll.) 4s, 1952, . 191,750 00 

Baltimore & Ohio 4s, 1948, . . . . 74,125 00 

Baltimore & Ohio (South. Div.) 3£s, 1925, . . 184,543 34 

Belt R. R. and St. Yds., Indianapolis, 6s, 1911, . 107,710 00 

Brooklyn Union Elevated 5s, 1950, . . . 100,875 00 

Canadian Pacific 5s, 1915, . . . . 57,750 00 

Central of New Jersey 5s, 1987, . . . 296,493 75 

Central Pacific 1st ref. 4s, 1949, . . . 176,156 25 

Chesapeake & Ohio 4^s, 1992, .... 159,515 00 

Chesapeake & Ohio 5s, 1939, .... 391,400 00 

Chicago, Burlington & Quincy 5s, 1913, . . 52,562 50 

Chicago & Cincinnati 5s, 1952, .... 26,460 00 

Chicago & Erie 5s, 1982, 108,150 00 

Chicago & Great Western 5s, 1936, . . . 63,325 00 

Chic, Mil. & St. Paul (Hast. & D.) Div. 7s ; 1910, . 63,852 50 

Chicago & Northwestern 5s, 1909, . . . 104,127 50 

Chicago & Northwestern 6s, 1929, . . . 165,766 25 

Chicago & Northwestern 5s, 1929, . . . 202,407 50 

Chicago & Western Indiana 6s, 1932, . . . 446,192 50 

Chicago & Western Indiana 4s, 1952, . . . 99,750 00 

Choctaw & Memphis 5s, 1949, .... 58,937 50 

Cincinnati, Dayton & Chicago 4s, 1942, . . 51,000 00 

Cincinnati, Indianapolis, St. L. & Chic. 6s, 1920, . 128,160 00 

Cincinnati & Indiana Western 5s, 1952, . . 50,715 00 

Cincinnati, Richmond & Muncie 5s, 1950, . . 66,125 00 

Clev., Cin., Ch. & St. L. (Col. & S. Div.) 4s, 1940, 64,050 00 

Clev., Cin., Chic. & St. L. (St. L. Div.) 4s, 1990, . 190,027 50 

Cleveland, Co., Cin. & Indianapolis 7s, 1914, . 9,925 00 

Dayton & Michigan 5s, 1911, . . . . 64,050 00 

Detroit, Grand Rapids & Western 4s, 1946, . 41,443 90 

Easton & Ambov 5s, 1920 164,125 00 

Elgin, Joliet & Eastern 5s, 1941, . . . 287,726 25 

Elmira, Cortland & Northern 5s, 1914, . . 26,625 00 

Elmira, Cortland & Northern 6s, 1914, . . 56,625 00 

Erie prior lien 4s, 1996, 197,500 00 

Grand Rapids & Indiana 4£s, 1941, . . . 22,000 00 

Hartford Street 4s, 1930, 103,000 00 



Rate. 
300 
255 
100 
134 
101 
190 
250 
110 
150 
145 
550 
160 
181 
270 
130 
.25 
125 

100 

83 

122 

99 

104f 
99 

101i 
90f 
91 
89 
96 
89 

100 

89 
lOOf 

90i 
106f 
1041 
107 
126 

98$ 
103f 
116 
103 
105 
116i 
104 
108 
101 
111 
106 
112 

97 
1141 

89 
104 
104 
107 

96i 

99| 
119, 
100 

92 
111* 
115 
104 
111 

97 
105 
102 



Market Value. 

$30,000 00 

89,250 00 

12.500 00 

26,800 00 

16,766 00 

5,700 00 

78,500 00 

13,420 00 

25,800 00 

80,620 00 

165,000 00 

26,720 00 

22,625 00 

54,000 00 

2,600 00 

1,083 33 

58,375 00 

12.000 00 
68,475 00 
30,500 00 

99,871 20 

26,156 25 
61,875 00 
53,090 63 
36,215 29 

62.001 32 
112.614 66 

10,080 00 
44,500 00 

25,000 00 
178,000 00 

75,562 50 
181,000 00 

98,210 00 
104,500 00 

52,072 62 
327,600 00 
173,031 25 
155,437 50 
388,600 

51,500 

25,200 
116,500 

61,360 00 

54,000 00 
101,000 00 
157,620 00 
198,220 00 
417,760 00 

97,000 00 
. 57,250 00 

44,500 00 
119,600 00 

47,840 00 

64,200 00 

67,550 00 

199,500 00 

9,520 00 

60,000 00 

37,720 00 
167,250 00 
289,800 00 

26,000 00 

55,500 00 
194,000 00 

21,000 00 
102,000 00 



00 
00 
00 
00 



HOME INSURANCE CO. 



259 



Indianapolis & Vincennes 7s, 1908, 

International & Great Northern 6s, 1919, 

Iowa Central 5s, 1938,. 

Iowa Falls & Sioux City 7s, 1917, 

Jefferson 5s, 1909, . 

Lake Shore & Michigan Southern 4s, 1928, 

Lehigh Valley Terminal 5s, 1941, 

Lehigh Valley 6s, 1923, . 

Lehigh Valley 4*s, 1940, . 

Long Island Unified 4s, 1949, 

Louisville, Henderson & St. Louis 5s, 1946, 

Louisville & Nashville 6s, 1930, 

Louisville & Nash. (Ev. H., & N. D.) 6s, 1919, 

Louisville & Nashville 4s, 1940, 

Louisville & Nashville 4s, 1923, 

Minneapolis & St. Louis 5s, 1934, 

Minneapolis Union 6s, 1922, 

Milwaukee, Lake Shore & Western 5s, 1929, 

Missouri, Kansas & Eastern 5s, 1942, 

Missouri Pacific 6s, 1920, . 

Nashville, Chattanooga & St. Louis 5s, 1928, 

N. Y. Cen. & H. R. (LakeSh. coll.) 3*s, 1998, 

N. Y. Cen. & H. R. (Mich. Cen. coll.) 3*s, 1998, 

New York Central & Hudson Riv. 4s, 1934, 

New York, N. H. & Hart, convertible 3*s, 1956, 

New York, Ontario & Western 4s, 1955, 

Northern Pac.-Gt. Nor. (O, B. &. Q) 4s, 1921, 

Northern Pacific 4s, 1997, 

Northern Pac. (St. Paul & Dul. Div.) 4s, 1996, 

Philadelphia & Reading Terminal 5s, 1941, 

Port Reading 5s, 1941, .... 

Reading 4s, 1997, 

St. Louis, Iron Mountain & So. 5s, 1931, 

St. Louis, Iron Mountain & Southern 4s, 1929, 

St. Louis & San Francisco 5s, 1931, . 

St. Louis Southern 4s, 1931, 

St. Paul & Northern Pacific 6s, 1923, 

Savannah, Florida & Western 6s, 1934, 

Southern Pacific 4s, 1955, .... 

Southern (St. Louis Div.) 4s, 1951, . 

Terminal Assoc, of St. Louis 4s, 1953, 

Terminal Assoc, of St. Louis 4*s, 1939, 

Union Pacific 4s, 1947, .... 

Utah & Northern 7s, 1908, 

Wabash 1st mortgage 5s, 1939, 

Wabash (Toledo & Chicago Div.) 4s, 1941, 

Western Maryland 4s, 1952, 

West Shore 4s. 2361, .... 

Wheeling & Lake Erie 4s, 1949, 

Wheeling Lake Erie (L. E. Div.) 5s, 1926, . 

Miscellaneous Bonds. 
New York Dock Co. 4s, 1951, . 



Book Value. 


Rate. 


Market Value. 


$92,054 


80 


102* 


$79,950 00 


240,527 


50 


115 


230,000 00 


114,625 


00 


112 


112,000 00 


131,938 


75 


123f 


123,750 00 


183,677 


50 


100 


175,000 00 


199,625 


00 


98 


196,000 00 


343,750 


00 


117* 


364,250 00 


91,962 


25 


121 


90,750 00 


151,840 


00 


108* 


162,750 00 


59,400 


00 


96 


57.600 00 


85,267 


50 


111 


83)250 00 


169,760 


00 


1141 


164,880 00 


47,675 


00 


111 


47,730 00 


98,000 


00 


100 


100,000 00 


97,981 


25 


96 


96,000 00 


131,227 


50 


111 


124,320 00 


52,633 


33 


121 


60,500 00 


55,180 


00 


116 


58,000 00 


110,575 


00 


109 


109,000 00 


116,533 


33 


H9i 


119,500 00 


57,346 


25 


112+ 


58,500 00 


111,500 


00 


86i 


107,812 50 


89,500 


00 


85* 


85,500 00 


50,281 


25 


97f 


48,812 50 


202,050 


00 


112 


289,296 00 


197,000 


00 


96 


192,000 00 


125,550 


25 


96| 


193,750 00 


68,125 


25 


102 


81,600 00 


100,500 


00 


97 


97,000 00 


76,875 


00 


120-1 


90,468 70 


50,750 


00 


112 


56,000 05 


29,400 


00 


99 


29,700 00 


110,570 


00 


H3| 


113,500 00 


92,750 


00 


89 


89,000 00 


54,875 


00 


109f 


54,812 50 


65,405 


00 


99 


63,360 00 


91,682 


50 


122 


104,920 00 


125,000 


00 


131 


131,000 00 


97,000 


00 


94| 


94,750 00 


149,250 


00 


94* 


141,750 00 


200,767 


50 


95 


190,000 00 


82,312 


50 


109 


81,750 00 


72,187 


50 


102 


76,500 00 


60,750 


00 


102f 


51,375 00 


56,675 


00 


112* 


56,250 00 


73,312 


50 


93 


69,750 00 


45,093 


75 


82 


41,000 00 


103,125 


00 


103* 


103,500 00 


94,750 


00 


87 


87,000 00 


85,262 


50 


111 


83,250 00 


83,250 


00 


92 

$: 


75,900 00 


$11,977,762 


07 


L2,870,902 43 



AREUNAH M. BURTIS, \ c 
CHARLES L. TYNER, / Secretaries. 



HOME INSURANCE COMPANY, NEW YORK, N. Y. 

Incorporated April 13, 1853. Commenced business April 13, 1853. 
Paid-up Capital, $3,000,000. 

ELBRIDGE G. SNOW, President. 

Home Office, 56 Cedar Street. 

Income. 
Net fire premiums, $9,472,311.92; marine, $240,364.74, . . $9,712,676 66 

Interest on mortgage loans, $4,621.21; stocks and bonds, $676,- 

975; all other, $11,618.09, 693,214 30 

Rents, including company's own occupancy, .... 178,903 72 



260 



HOME INSURANCE CO. 



Profit on sale of stocks and bonds, . 

Conscience money, . 

Suspense account, . 

Assets not taken credit for Dec. 31, 1905, 

Total income, . 
Ledger assets, Dec. 31, 1905, . 

Total, 



. $269,331 20 

1,245 00 

11,379 60 

21,377 60 

$10,888,128 08 
. 19,222,865 17 



$30,110,993 25 



Disbursements. 
Net amount paid for fire losses, $6,294,964.30; marine, $154,- 

357.73, 

Dividends to stockholders, ...... 

Commissions or brokerage, ...... 

Salaries, fees, etc., of officers and employees, 
Rents, including company's own occupancy, 
Repairs and expenses on real estate, .... 

Real estate taxes, $24,361 . 98 ; other taxes and fees, $235,423 . 36 
Loss on sale of bonds, ....... 

Reduction in book value of stocks and bonds, . 
Advertising, printing and stationery, 
Restaurant, .... 

Local boards and inspections, 

Exchange, . . . 

Fire patrols, 

Legal expenses, 

Postage, express and telegrams, 

Maps, ..... 

Furniture and fixtures, . 
Traveling expenses, 
Miscellaneous expenditures, 



56,449,322 03 

600,000 00 

1,799,944 29 

536,376 33 

75,208 68 

33,993 47 

259,785 34 

2,453 56 

36,388 04 

116,670 15 

21.818 17 
138,421 83 

10,677 35 
32,061 73 
2,026 55 
80,040 12 
13,568 76 
19,877 63 
85,734 09 

73.819 87 



Total disbursements, .... 

Balance, ...... 

Ledger Assets.* 

Real estate, $1,543,892.06; mortgages, $105,300, 

Stocks and bonds (schedule A), 

Cash in banks and trust companies, 

Agents' balances, .... 

Bills receivable, .... 

Office premiums in course of collection, 

Total ledger assets, .... 

Non-Ledger Assets. 
Market value of stocks and bonds over book value, 

Gross assets,f ...... 



$10,388,187 99 
$19,722,805 26 

$1,649,192 06 

15,836,212 56 

1,074,430 70 

814,906 63 

821 52 

347,241 79 

$19,722,805 26 

. 1,110,087 44 

$20,832,892 70 



* The company holds also instalment premium notes to the amount of $1,549,129.24, which do 
not enter into or form any part of the assets of the company, as no portion of them is earned. 
Whatever value is attached to them would necessarily be counterbalanced by the addition of an 
amount exactly equal to the reinsurance liability, the entire sum consisting of "unearned prem- 
iums." 

t Including $1,500,000 special reserve held under New York laws. 



HOME INSURANCE CO. 



261 



Assets not admitted. 

Agents' balances over three months due, 
Special deposits less $386,982 liability thereon, 
Total unadmitted assets, 

Total admitted assets, .... 



$12,538 37 
80,170 50 



,708 87 



Liabilities. 

Unpaid losses, including $74,697 . 58 resisted, . 
Less reinsurance, ...... 

Unearned premiums on outstanding risks, 

Plus same on disallowed reinsurance, 

Reserve for taxes, etc., ...... 

Commissions and other charges due agents and brokers, 
Due for reinsurance, ...... 



$20,740,183 83 



,700,424 24 

665,048 43 $1,035,375 81 

,497,951 00 

12,142 00 8,510,093 00 

50,000 00 

68,707 14 

778,784 99 



All liabilities, except capital and surplus, . . . $10,442,960 94 

Surplus to policy holders, .... $10,297,222 89 

Paid-up capital, 3,000,000 00 

Surplus over capital and general liabilities, . . . . 7,297,222 89 



Total liabilities, 



Fire risks outstanding Dec. 31, 1905, 
Fire risks written during 1906, 



$20,740,183 83 



Risks and Premiums. 

Premiums. 

$1,607,644,368 00 $15,969,970 00 
1,364,472,891 00 13,923,178 75 



Total, . 
Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, 

Net amount in force, 



12,972,117,259 00 $29,893,148 75 
1,214,558,081 00 12,314,397 75 



,757,559,178 00 $17,578,751 00 
254,906,992 00 1,584,740 00 



,502,652,186 00 $15,994,011 00 



Marine risks outstanding Dec. 31, 1905, 
Marine risks written during 1906, . 

Total, 

Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, 

Net amount in force, 



$17,601,631 00 
71,529,033 00 

$89,130,664 00 
72,353,666 00 

$16,776,998 00 
5,967,982 00 



Miscellaneous. 

Premiums received from organization of company, . 

Losses paid from organization of company, 

Fire losses incurred during the year, 

Inland marine losses incurred during the year, . 

Cash dividends declared from organization of company, 

Stock dividends declared from organization of company, 

Dividends declared during the year (20 per cent.), . 



$409,863 00 
488,778 98 



,641 98 
503,026 98 

$395,615 00 
95,483 00 



$10,809,016 00 $300,132 00 



$182,060,180 00 

105,700,867 00 

6,576,695 00 

177,972 00 

14,065,000 00 

. 1,000,000 00 

600,000 00 



262 



HOME INSURANCE CO. 



Schedule A. Stocks and Bonds owned by the Company. 



Railroad Stocks. 
1,000 shares Ateh., Top. & Santa F6, preferred, 
2,000 " Baltimore & Ohio, common, . 
3,000 " Baltimore & Ohio, preferred, 
1,000 " Chic, Mil. & St. Paul, common, 
1,000 rights C. M. & St. Paul, 
1,000 shares Chicago & Northwestern, common, 
1,000 " Chicago & Northwestern, preferred, 
1,000 " Chic, St. P., Minn. & Om., preferred, 
2,000 " Cleveland & Pittsburg, guaranteed, 
1,000 " Ft. Wayne & Jackson, preferred, 
600 " Great Northern, preferred, 
600 " Great Northern ore certificates, 
500 " Illinois Central, 
1 ,000 " Kan. City, Ft. Scott & Mem., pref ., 
5,000 " Lehigh Valley, 
1,500 " Manhattan, 
5,000 " Morris & Essex, . 
1,500 " N. Y. Central & Hudson River, 
1,500 " N. Y., New Haven & Hartford, 
1,000 " Northern of New Jersey, 
500 " Northern Pacific, . 
10 " Northern Securities, stubs, 
20,000 " Pennsylvania, 
5,000 " Pittsburg, Bessemer & Lake Erie, . 
2,500 " Pitts., Ft. Wayne & Chicago, 
5,000 " Reading Co., 1st preferred, 
1,000 " Rennselaer & Saratoga, 
1,800 " Rochester & Genesee Valley, . 
2,300 " Southern, preferred, 

100 " 23d Street, .... 
1,000 " Union Pacific, preferred stock, 
2,630 " United N. J. R.R. & Canal Co., 
1,000 " Valley, .... 

Bank Stocks. 
200 shares Am. Ex. Nat'l, New York, N. Y., 
100 " ' Bank of America, New York, N. Y. 
200 " B'koftheManhat'nCo.,N.Y.,N.Y 
200 " Chatham Nat'l, New York, N. Y., 
200 " Fourth National, New York, N. Y 
200 " Franklin Trust Co., Brooklyn, N. Y 
150 " Long Is. L. & T. Co., Brook., N. Y 
50 " Metro. Trust Co., New York, N. Y. 
100 " U. S. Mtg. & T. Co., New York, N. Y 
Miscellaneous Stocks. 
2,500 shares Consolidated Gas Co., New York, 
1,000 " The Mackay Co's., preferred, . 
Government Bonds. 
District of Columbia 3.65*, 1924, 
United States 4s, 1925, . 
United States of Mexico 5s, 1920, 

State and Municipal Bonds 
Georgia 3*s, 1920, . 
New York 3s, 1912, . 
New York, N. Y., 3s, 1933 op. 1913, 
New York, N. Y., 3s, 1914, 
New York, N. Y., 3s, 1920, 
New York, N. Y., 3s, 1921, 
New York, N. Y., 3£s, 1940, 
New York, N. Y., 3*s, 1941, 
New York, N. Y., 3£s, 1942, 
New York, N. Y., 3£s, 1951, 
New York, N. Y., 3£s, 1952, 
New York, N. Y., 4£s, 1907, 
Richmond, Va., 5s, 1922, . 
Rochester, N. Y., 3£s, 1933 op. 1913, 

Railroad Bonds. 
Atchison, Topeka & Santa Fe 4s, 1955, 
Atlantic Coast Line 4s, 1952, 



Book Value. 
$77,575 00 
208,620 00 
234,330 00 
131,237 50 

123,818 75 
157,967 50 

95,725 00 
187,122 22 

89,833 00 

| 152,341 81 1 

40,460 00 

83,750 00 

277,312 50 

231,789 13 

405,631 56 

209,381 47 

330,715 50 

93,000 00 

84,768 61 

1,560 00 

1,212,550 00 

179,362 50 

419,014 00 

214,256 25 

177,000 00 

269,100 00 

123,104 00 

40,500 00 

79,125 00 

625,232 86 

130,000 00 

22,106 25 

20,247 12 

15,997 50 

8,190 00 

29,885 01 

24,112 50 

31,600 00 

9,125 00 

53,052 50 

500,850 62 
75,275 00 

1,000,000 00 

600,000 00 

19,806 65 

10,000 00 
300,000 00 

50,000 00 
150,000 00 
100,000 00 
300,000 00 

50,000 00 
650,000 00 
150,000 00 
150,000 00 
1,000,000 00 
100,000 00 

50,000 00 
100,000 00 

50,000 00 
100,000 00 



Rate. 

99 
119* 

92 1 
148£ 

33^ 
198i 
230 
181 
177 
142 
181 

79 
165^ 

79^ 
154 
142f 
182 
131 
1901 

97 
185i 
165 
138f 

67 
173 

90 
200 
145 

94 
387 

94 
255 
130 

247 

525 

300 

300 

212* 

324 

315 

572^ 

475 

138 

68i 

116 

129f 
99 

105| 

100 
85f 
94 
90| 
90f 
92f ' 
92^ 
92| 
91f 
91f 

100 

111* 
95 

104* 

96 



Market Value. 

$99,000 00 

239,000 00 

276,750 00 

148,875 00 

33,500 00 

198,250 00 

230,000 00 

181,000 00 

177,000 00 

142,000 00 

108,600 00 

47,400 00 

82,750 00 

79,500 00 

385,000 00 

214,125 00 

455,000 00 

196,500 00 

285,750 00 

97,000 00 

92,625 00 

1,650 00 

1,383,750 00 

167,500 00 

432,500 00 

225,000 00 

200.000 00 

261,000 00 

216,200 00 

38,700 00 

94,000 00 

670,650 00 

130,000 00 

49,400 00 
52,500 00 
30,000 00 
15,000 00 
42,500 00 
64,800 00 
47,250 00 
28,625 00 
47,500 00 

345,000 00 
68,500 00 

1,160,000 00 

777,750 00 

25,740 00 

10,537 50 
300,000 00 

42,687 50 
141,000 00 

90,875 00 
271,125 00 

46,312 50 
601,250 00 
138,562 50 
137,437 50 
916,250 00 
100,000 00 

55,625 00 

95,000 00 

52,250 00 
96,000 00 



HOPE MUTUAL FIRE INSURANCE CO. 



263 



Boonville R.R. Bridge Co. 4s, 1951, . 

Central of Georgia, 1st preferred, 5s, 1945, 

Central of Georgia, 2d preferred, 5s, 1945, 

Chesapeake & Ohio 4|s, 1992, . 

Cleveland Terminal & Valley 4s, 1995, 

Erie (Pennsylvania Coal collateral) 4s, 1951, 

Louisville, Henderson & St. Louis 5s, 1946, 

Louisville, New Albany & Chicago 6s, 1910, 

N. Y., New Haven & Hartford convert. 3^s, 1956 

Norfolk & Western & Pocahontas 4s, 1941, 

Northern Pacific-Great Northern 4s, 1921, 

Northern of California 6s, 1907, 

Ohio & West Virginia 7s, 1910, . 

Oregon Short Line 4s, 1929, 

Pennsylvania 3-5-s, 1915, 

Pennsylvania convertible 3-Js, 1912, 

Pennsylvania 4s, 1931, 

Read. Co. & the Phila. & Read. C. & I. Co. 4s, 1997 

Southern gen. mortg. 4s, 1956, . 

Terminal Association, St. Louis, 4s, 1953, 

Union Pacific 4s, 1947, 

Virginia Midland 5s, 1936, 

West Shore 4s, 2361, 

Miscellaneous Bonds. 
Adams Express Co. 4s, 1948, 
American Tobacco Co. 4s, 1951, 
Consolidated Gas Co., New York, 6s, 1909, 
New York & Westchester Lighting Co. 4s, 2004, 



Book Value. 
$89,850 00 

12,000 00 

8,000 00 

100,000 00 

99,250 00 
280,367 50 

20,000 00 
100,000 00 
100,000 00 

95,250 00 
360,000 00 
200,000 00 
100,000 00 

97,250 00 
333,000 00 
200,000 00 
100,000 00 
100,000 00 
249,264 00 

99,625 00 
200,000 00 

39,778 75 
100,000 00 

50,000 00 

154,145 00 

50,000 00 

92,000 00 

$15,836,212 56 



Rate. Market Value. 

92 $92,000 00 
89 15,130 00 
77 9,240 00 

103f 103,625 00 

98 98,000 00 

89| 269,250 00 

111 27,750 00 
106 106,000 00 

112 112,000 00 
91i 91,250 00 
96|- 387,500 00 

100 200,000 00 

108 108,000 00 

93^ 93,500 00 

93 309,690 00 

98 196,000 00 
97i 97,250 00 

99 99,000 00 
92 276,000 00 
95 95,000 00 

102 204,000 00 

lllf 55,812 50 

103^ 103,500 00 

101^ 50,750 00 

74f 149,500 00 

137 68,500 00 

88 88,000 00 

$16,946,300 00 



HOPE MUTUAL FIRE INSURANCE COMPANY, PROVIDENCE, R. I. 

Incorporated March, 1875. Commenced business April, 1875. 
ROWLAND G. HAZARD, President. A. T. VIGNERON, Assistant Secretary. 

Home Office, 10 Weybosset Street. 

Income. 

Net premiums, $344,678 27 

Interest on stocks and bonds, $11,962.22; all other, $1,487.56,. 13,449 78 

Total income, $358,128 05 

Ledger assets, Dec. 31, 1905, ....:.. 307,849 58 



Total, 

Disbursements. 
Net amount paid for losses, . 
Profits on terminated policies, 
Salaries, fees, etc., of officers and employees, 
Rents, 

Taxes and fees, 
Inspections, . 
Office expenses, 
Traveling expenses, 

Total disbursements, 

Balance, 



5,977 63 



$27,588 11 

281,749 78 

8,430 28 

832 30 

6,725 07 

6,918 43 

1,229 89 

589 25 

$334,063 11 

$331,914 52 



264 



HOPE MUTUAL FIRE INSURANCE CO. 



Ledger Assets. 
Stocks and bonds (schedule A), 
Cash in banks and office, .... 

Premiums in course of collection, 

Total ledger assets, .... 

Non-Ledger Assets. 
Interest due and accrued : — 
On bonds, $187 . 50 ; other assets, $645 . 83, 
Market value of stocks and bonds over book value, 

Gross assets, ... 

Liabilities. 
Unpaid losses, ...... 

Unearned premiums on outstanding risks, 
Taxes due or accrued, ..... 

All liabilities, except surplus, . 
Surplus, ........ 

Total liabilities, ..... 



$241,683 89 

81,078 04 

9,152 59 

$331,914 52 



833 33 
40,375 11 

$373,122 96 



$1,555 68 

175,263 62 

6,482 22 

$183,301 52 
189,821 44 

$373,122 96 



Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outs'ding Dec. 31, 1905, $34,625,956 00 $320,342 92 $1,601,714 60 
Risks written during 1906, . 41,232,173 00 366,053 96 1,830,269 80 

Total, . 
Risks expired and terminated 

In force at end of year, . 



$75,858,129 00 
37,336,734 00 



$686,396 88 $3,431,984 40 
335,869 63 1,679,348 15 



,521,395 00 $350,527 25 $1,752,636 25 



Miscellaneous. 



Losses 


incurred during the year, 




. 


. 


$27,318 00 


Profits 


, or surplus returned during 1906, 89. 


5 per cent. 










Schedule A. Stocks and Bonds 


OWNED BY THE 


Company. 




Railroad Stocks. 


Book Value. 


Rate. 


Market Value. 


318 shares Chicago & Northwestern, common, 


$32,748 


66 


198i 


$63,043 50 


200 ' 


1 Erie & Pittsburg, 


16,200 


00 


156 


15,600 00 


100 ' 


' Hereford, .... 


9,900 


00 


97 


9,700 00 


150 ' 


' Illinois Central, leased lines, 


15,562 


50 


103 


15,450 00 


100 ' 


' Manhattan, .... 


13,343 


75 


1421 


14,275 00 


68 ' 


' New York Central & Hudson River, 


7,594 


15 


131 


8,908 00 


60 ' 


' Oswego & Syracuse, . 


6,960 


00 


230 


6,900 00 


500 ' 


' Pennsylvania, .... 


31,587 


33 


138| 


34,593 75 


100 ' 


' Pittsburg, Ft. Wayne & Chicago, 


17,900 


00 


173 


17,300 00 


70 ' 


' Rensselaer & Saratoga, 


12,827 


50 


200 


14,000 00 


50 ' 


' St. Louis Bridge, 1st preferred, . 


6,825 


00 


140 


7,000 00 


100 ' 


' Tunnel, St. Louis, . 


14,500 


00 


130 


13,000 00 


100 ' 


' Upper Coos, .... 
State Bonds. 


15,137 


50 


145 


14,500 00 


Rhode 


Island 3s, 1936, .... 


25,497 


50 


971 


24,406 25 




Railroad Bonds. 










North. 


Pac.-Gt. North. (C, B. & Q. col.) 4s, 1921 


13,100 


00 


961 


21,312 50 


WestS 


hore 4s, 2361, .... 


2,000 


00 


103| 


2,070 00 




$241,683 


89 


$282,059 00 



INDEMNITY FIRE INSURANCE CO. 265 



INDEMNITY FIRE INSURANCE COMPANY OF NEW YORK, 

NEW YORK, N. Y. 

Incorporated 1897. Commenced business Oct. 1, 1898. 
Paid-up Capital, $200,000. 

J. MONTGOMERY HARE, President. WIVL* H.^HARE* Jr., } Secretaries. 

Home Office, 56 Pine Street. 

Income. 
Net fire premiums, ....... 

Interest on stocks and bonds, $14,497.24; deposits, $395.14, 
Profit on sale of stock, ....... 

Borrowed money, ........ 

Total income, ........ 

Ledger assets, Dec. 31, 1905, ...... 

Total, . . . . . 

Disbursements. 

Net amount paid for fire losses, ..... 

Commissions or brokerage, ...... 

Salaries, fees, etc., of officers and employees, 
Rents, . . . . 

Taxes and fees, ........ 

Advertising and stationery, . 

Furniture and maps, ....... 

All other disbursements, ...... 

Total disbursements, ...... 

Balance, . . 

Ledger Assets. 
Stocks and bonds (schedule A), 
Cash in banks and office, ...... 

Agents' balances, ........ 

Total ledger assets, ...... 

Non-Ledger Assets. 
Interest accrued on bonds, ...... 

Due from other companies, ...... 

Gross assets, $481,153 56 

Assets not admitted. 

Agents' balances over three months due, . . $1,294 73 

Book value of stocks and bonds over market value, . 4,755 00 

Total unadmitted assets, .... 6,049 73 



$258,238 85 


14,892 


38 


88 


55 


20,000 


00 


$293,219 78 


506,368 


74 


$799,588 52 


$233,390 29 


50,627 


28 


12,219 


54 


1,170 


04 


10,387 


20 


3,188 


79 


1,135 


52 


8,072 


96 


$320,191 


62 


$479,396 90 


$431,080 00 


22,655 


37 


25,661 


53 


$479,396 90 


991 


67 


764 


99 



Total admitted assets, . . . - \ . . . $475,103 83 



266 



INDEMNITY FIRE INSURANCE CO. 



Liabilities. 
>,830 resisted, 



Unpaid losses, including 

Less reinsurance, ..... 

Unearned premiums on outstanding risks, 

Salaries and other miscellaneous expenses, due or accrued, 

Borrowed money, ....... 



,443 10 
21,550 06 



All liabilities, except capital and surplus, 
Surplus to policy holders, 
Paid-up capital, ..... 
Surplus over capital and general liabilities, 



$216,689 75 



Total liabilities, 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1905, 
Fire risks written during 1906, 

Total, 

Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, 

Net amount in force, 



$37,016,238 00 
29,455,341 00 



,893 04 

188,361 72 

3,159 32 

20,000 00 

$258,414 08 

200,000 00 
16,689 75 

$475,103 83 



Premiums. 

£467,115 90 
385,071 54 



,471,579 00 
28,829,383 00 

537,642,196 00 
8,301,380 00 



,187 44 
387,786 46 

$464,400 98 
99,812 50 



$29,340,816 00 $364,588 48 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, 
Fire losses incurred during the year, 
Company's stock owned by directors, 



51,749,412 00 

1,039,582 00 

260,004 00 

3,500 00 



Schedule A. Stocks and Bonds owned by the Company. 



Railroad Stocks. 
200 shares Allegheny & Western, 
100 " Chicago & Eastern Illinois, preferred, . 
200 " Kansas City, Ft. Scott & Mem., pref., . 
300 " Norfolk & Western, preferred, 
200 " Southwestern of Georgia, . 
200 " Southern (Mobile & Ohio), 
100 " Twin City Rapid Transit, preferred, . 
400 " Union Pacific, preferred, . 

Miscellaneous Stocks. 
10 shares Underwriters' Salvage Co., N. Y., 

Government Bonds. 

United States 2s, 1930, 

State and Municipal Bonds. 

New York 3s, 1912, 

New York, N. Y., 3s, 1914, .... 

New York, N. Y., 3s, 1950, .... 

Railroad Bonds. 
Norfolk & Western (Pocahontas) 4s, 1941, . 
Oregon Short Line 4s, 1929, .... 



Book Value. 

$28,675 00 

13,700 00 

16,500 00 

27,037 50 

22,600 00 

17,000 00 

11,812 50 

32,850 00 

1,000 00 

100,000 00 

26,062 50 
25,281 25 
74,812 50 

14,156 25 
19,592 50 

$431,080 00 



Rate. 

145 

125 

79^ 

90 
117 

93 
150 

94 

100 

104* 

100 
94 
81* 

»H 

93^ 



Market Value. 

$29,000 00 
12,500 00 
15,900 00 
27,000 00 
23,400 00 
18,600 00 
15,000 00 

-37,600.00 

1,000 00 

104,500 00 

25,000 00 
23,500 00 
60,937 50 

13,687 50 
18,700 00 

$426,325 00 



THE INDIANAPOLIS FIRE INSURANCE CO. 



267 



THE INDIANAPOLIS FIRE INSURANCE COMPANY, 
INDIANAPOLIS, IND. 

Incorporated July 12, 1899. Commenced business Sept. 1, 1899. 

Paid-up Capital, $200,000. 

JOHN H. HOLLIDAY, President. H. C. MARTIN, Secretary 

Home Office, 122 E. Market Street. 

Income. 
Net fire premiums, . . . . . 

Interest on mortgage loans, $18,719.02; bonds, $3,407.50; all 

other, $389.16, 

Commissions, ......... 



$351,672 86 

22,515 68 
400 00 



Total income, . 
Ledger assets, Dec. 31, 1905, .... 

Total, 

Disbursements. 
Net amount paid for fire losses, 
Dividends to stockholders, 
Commissioners or brokerage, .... 

Salaries, fees, etc., of officers and employees, 
Rents, ....... 

Taxes and fees, . . . 

Loss on sale of bonds, ..... 

Advertising, printing and stationery, 

All other disbursements, .... 

Total disbursements, .... 

Balance, . . . 

Ledger Assets. 
Mortgages, . 
Bonds (schedule A), 
Cash in banks and office, 
Agents' balances, . 
Due from other company, 
Deposit with State Auditor of Indiana, 



Total ledger assets, .... 

Non-Ledger Assets. 
Interest accrued : — 
On mortgages, $5,322 . 64; bonds, $331 . 91 ; other assets, $39 . 15, 

Gross assets, ' . . . 

Assets not admitted. 

Agents' balances over three months due, 
Due from unauthorized company, ... 
Book value of bonds over market value, . 
Special deposit, $52,250; liab. in set off, $52,250 
Total unadmitted assets, .... 

Total admitted assets, ..... 



$374,588 54 
561,887 12 

$936,475 66 

$242,164 97 

12,000 00 

84,954 95 

27,567 15 

2,120 00 

11,580 63 

2,369 98 

3,521 49 

17,839 99 

$404,119 16 

$532,356 50 



$381,060 00 

87,418 12 

16,823 08 

40,112 79 

4,042 51 

2,900 00 



• 


$532,356 50 


bs, $39.15, 


5,693 70 


• 


$538,050 20 


$1,137 19 
4,042 51 

423 74 






5,603 44 





$532,446 76. 



288 



THE INSURANCE CO. OF NORTH AMERICA. 



Liabilities. 
Unpaid losses, $40,703.15; less reinsurance, $620.29, 



Unearned premiums on outstanding risks; 
Plus same on disallowed reinsurance, 



All liabilities, except capital and surplus, 
Surplus to policy holders, 
Paid-up capital, . . 

Surplus over capital and general liabilities, 

Total liabilities, .... 



$254,646 21 
8,690 69 



$229,027 00 



■ $40,082 86 

263,336 90 

$303,419 76 

200,000 00 
29,027 00 

$532,446 76 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1905, . . . $34,422,392 00 $483,028 36 

Fire risks written during 1906, . . . 32,849,355 00 462,153 73 

Total, 

Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, 

Net amount in force, 



,271,747 00 $945,182 09 
29,411,854 00 425,127 07 



$37,859,893 00 $520,055 02 
2,410,580 00 34,011 71 



$35,449,313 00 $486,043 31 



Miscellaneous. 



Premiums received from organization of company, . . 


. $1,734,856 00 


Losses paid from organization of company, 






842,610 00 


Fire losses incurred during the year, 






253,093 00 


Cash dividends declared from organization of 


company, 




58,000 00 


Dividends declared during the year (6 per cent.), 




12,000 00 


Company's stock owned by directors, 


• 




21,050 00 


Schedule A. Bonds owned 


BY THE COI 


tfPANY. 




Government Bonds. 


Book Value. 


Rate. 


Market Value. 


United States 2s, 1930, 


$51,970 68 


104£ 


$52,250 00 


County and Municipal Bonds. 








Brazil, Ind., 4s, 1915, ..... 


3,045 70 


lOOf 


3,022 50 


Helena, Mont., 4£s, 1922, 


2,543 92 


101f 


2,534 38 


Irvington, Ind., 4s, 1910, ..... 


8,080 19 


100 


8,000 00 


Shelby County, Ind., 4s, 1918-19, 


10,462 71 


101| 


10,187 50 


Vincennes, Ind., 4s, 1913, 


11,314 92 


100 


11,000 00 




$87,418 12 


$86,994 38 



PRESIDENT AND DIRECTORS OF THE INSURANCE COMPANY OF 
NORTH AMERICA, PHILADELPHIA, PA. 

Incorporated April 14, 1794. Commenced business as an association in 1792. 

Paid-up Capital, $3,000,000. 

CHARLES PLATT, President. GREVILLE E. FRYER, Secretary. 

Home Office, 232 Walnut Street. 

Income. 
Net fire premiums, $5,645,407.66; marine, $1,886,241.29, . $7,531,648 95 

Deposit premiums on perpetual risks, ..... 35,837 93 



THE INSURANCE CO. OF NORTH AMERICA. 



269 



Interest on mortgage loans, $28,983.73; collaterals, $4,975.70 

stocks and bonds, $389,352 . 21 ; deposits, $2,696 . 98, 
Rents, including company's own occupancy, 
Profit on sale of ledger assets, ..... 

Profit and loss, ........ 

Increase in book value of bonds, ..... 

Perpetual permits, transfer fees and earned deposits, 

Total income, ........ 

Ledger assets, Dec. 31, 1905, ...... 



); 

. $426,008 62 


28,478 


00 


51,325 


29 


609 


66 


625 


00 


2,906 


24 


. $8,077,439 69 


. 12,576,834 


05 



Total, 



Disbursements. 



,442, 



Net amount paid for fire losses, $5,849,658.36; marine 

009.25, 

Deposit premiums returned, ...... 

Dividends to stockholders, ...... 

Commissions or brokerage, ...... 

Salaries, fees, etc., of officers and employees, 
Rents, including company's own occupancy, 
Repairs and expenses on real estate, .... 

Real estate taxes, $6,676.55; other taxes and fees, $150,095.04 

Loss on sale or maturity of ledger assets, 

Adjustment expenses, 

Advertising, printing and stationery, 

Agency expenses and inspections, . 

Legal expenses, .... 

Operation of wrecking company, 

Donations, including $5,000 to San Francisco sufferers, 
Reduction in book value of stocks and bonds, . 
Profit and loss, ....... 

Underwriters' boards, ...... 

Postage, express and miscellaneous expenditures, 



$20,654,273 


74 


. $7,291,667 61 

29,278 92 

360,030 00 

. 1,555,703 57 


493,180 


84 


31,133 

8,107 
, 156,771 

13,788 


70 
10 
59 
73 


21,790 
56,138 
30,291 

7,429 


13 

52 
77 
34 


10,325 

5,862 


19 

28 


3,213 

1,500 

27,691 


69 
01 
04 


146,283 


62 



Total disbursements, 
Balance, 



Ledger Assets. 



Real estate, $437,506.25; mortgages, $537,583.48, 

Loans secured by real estate, . 

Stocks and bonds (schedule A), 

Cash in banks and office, 

Agents' balances, . 

Bills receivable, 

Book accounts, 

Total ledger assets, 

Non-Ledger Assets. 

Interest due and accrued on mortgages, . 

Market value of stocks and bonds over book value, 

Due from other companies, . 

Gross assets, . . . . ... 



,250,187 65 



$10,404,086 09 

$975,089 73 

13,400 00 

7,441,895 00 

726,384 64 

1,213,645 01 

33,161 12 

510 59 

$10,404,086 09 



3,948 25 

94,976 00 

96,162 02 

$10,599,172 36 



270 



THE INSURANCE CO. OF NORTH AMERICA. 



Assets not admitted. 

Agents' balances over three months due, . $7,354 25 

Special deposits less $242,388. 14 liability thereon, 105,165 61 

Due from unauthorized companies, . . 91,387 36 

Book accounts, ...... 510 59 

Total unadmitted assets, . . . 



Total admitted assets, ...... 

Liabilities. 

Unpaid losses, including $20,096 resisted, . $860,865 

Less reinsurance, ...... 28,265 

Unearned premiums on outstanding risks, . 5,060,102 

Plus same on disallowed reinsurance, . . 4,850 



Reclaimable on perpetual fire policies, . 
Salaries and other miscellaneous expenses, due or accrued, 
Commissions and other charges due agents and brokers, 
Due for reinsurance, ...... 



- $204,417 81 
$10,394,754 55 



00 

00 $832,600 00 

09 

07 

— 5,064,952 16 

765,227 75 

20,966 94 

55,000 00 

14,835 32 



All liabilities, except capital and surplus, 
Surplus to policy holders, 
Paid-up capital, ..... 
Surplus over capital and general liabilities, 



$3,641,172 38 



>,753,582 17 



Total liabilities, 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1905, 
Fire risks written during 1906, 

Total, 

Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, 



$762,143,054 
552,251,999 



3,000,000 00 
641,172 38 



,394,754 55 



Premiums. 

00 $9,212,915 91 
00 7,051,122 23 



$1,314,395,053 
. 516,460,107 



00 $16,264,038 14 
00 6,471,611 70 



Net amount in force, 

Perpetual risks in force (not included above), 

Marine risks outstanding Dec. 31, 1905, . 
Marine risks written during 1906, 



Total, . 
Risks expired and terminated, 

In force at end of year, . 



$797,934,946 
58,426,037 



00 $9,792,426 44 
00 667,910 86 



$739,508,909 
$33,356,229 

$73,621,795 

479,287,263 



00 $9,124,515 58 

00 $843,330 69 

00 $374,650 85 
00 2,261,490 40 



$552,909,058 
478,651,460 



00 $2,636,141 25 
00 2,258,490 40 



$74,257,598 00 .$377,650 85 



Miscellaneous. 

Premiums received from organization of company, . 

Losses paid from organization of company, 

Fire losses incurred during the year, 

Marine losses incurred during the year, 

Cash dividends declared from organization of company, 



$190,477,185 00 
131,121,564 00 
. 5,788,924 00 
. 1,371,068 00 
. 17,418,875 00 



THE INSURANCE CO. OF NORTH AMERICA. 



271 



Stock dividends declared from organization of company, 
Dividends declared during the year (12 per cent.), . 
Company's stock owned by directors, 



$200,000 00 

360,000 00 

96,230 00 



Schedule A. Stocks and Bonds owned by the Company. 



Railroad Stocks. 
100 shares Delaware & Bound Brook, 
500 " North Penns3 r lvania, 
2,500 " Philadelphia Traction, . 
Bank Stocks. 
100 shares Girard National, Philadelphia, Pa., . 
100 " Philadelphia Nat'l, Philadelphia, Pa., 
Miscellaneous Stocks. 
Atlantic Mutual Insurance Co. scrip, . 
165 shares New York Dock, preferred, 
500 " North America Wrecking Co., 
10 " Pacific Coast Salvage Association, 
40 " Philadelphia Bourse, 
30 " Philadelphia Bourse, preferred, 
10 " Underwriters' Salvage Co., Chicago, 
10 " Underwriters' Salvage Co., N. Y., 
1,250 " United Gas Improvement Co., 

Government Bonds. 
Belgian 3s, ...... 

State, County and Municipal Bonds. 
Boston, Mass., 4s, 1913, . 
Colfax Countv, New Mexico, 6s, 1917, 
Delaware County, Pa., 3fcs, 1917 op. 1902, 
Georgia Us, 1911, 

Grant County, New Mexico, 5s, 1932 op. 1922, 
Jersey City, N. J., 4s, 1935, 
Montreal, Canada, 3 is, 1939, 
Montreal, Canada, 4s, 1925, 
Montreal, Canada, 4s, 1926, 
New Mexico 6s, 1919, op. 1909, 
New York, N. Y., 3 Js, 1952, 
Nova Scotia 3s, 1922, 
Ottawa, Canada, 3^s, 1928, 
Portland, Ore., 5s, 1922, . 
Raton, New Mexico, 6s, 1917, 
Richmond, Va., 4s, 1923, . 
Richmond, Va., 4s, 1927, . 

Railroad Bonds, 
Atlantic & Danville 4s, 1948, 
Atlantic City 4s, 1951, 
Baltimore & Ohio 4s, 1948, 
Baltimore & Ohio prior lien 3^-s, 1925, 
Baltimore & Ohio (Southwestern Div.) 3^s, 1925, 
Baltimore & Potomac 6s, 1911, 
Baltimore & Potomac Tunnel 6s, 1911, 
Belt R.R. & Stock Yard 6s, 1911, 
Bergen County 6s, 1911, . 
Camden & Atlantic 5s, 1911, 
Canadian Northern 4s, 1930, 
Central Pacific 3£s, 1929, . 
Central Pacific 4s, 1954, . 
Chesapeake & Ohio equipment 4s, 1907, 
Chesapeake & Ohio equipment 4s, 1910, 
Chesapeake & Ohio equipment 4s, 1908, 
Chesapeake & Ohio equipment 4s, 1909, 
Chesapeake & Ohio equipment 4s, 1910, 
Chesapeake & Ohio 4^s, 1992, . 
Chicago & Erie 5s, 1982, . 
Chicago, Rock Island & Pacific 4s, 1909, 
Chicago, Rock Island & Pacific 4s, 1988, 
Chicago, St. Louis & New Orleans 3^s, 1951 
Choctaw & Memphis 5s, 1949, . 
Choctaw, Oklahoma & Gulf 5s, 1952, 
Choctaw, Oklahoma & Gulf 5s, 1919, 
Choctaw, Oklahoma & Gulf 5s, 1907, 



Book Value. 

$19,000 00 

50,000 00 

247,500 00 

25,000 00 
10,000 00 

19,970 00 

13,500 00 

29,000 00 

1,250 00 

200 00 

750 00 

1,000 00 

1,000 00 

105,500 00 

49,000 00 

112,000 00 

100 00 

35,000 00 

25,000 00 

8,000 00 

100,000 00 

42.600 00 

16,000 00 

95,000 00 

2,000 00 

100,000 00 

9,000 00 

28,500 00 

50.000 00 

'200 00 

50,000 00 

3,000 00 

24,000 00 
74,250 00 
30,000 00 

190,000 00 

183,000 00 
10,000 00 
5,000 00 
50,000 00 
50,000 00 
50,000 00 
30,000 00 
43,800 00 

148,500 00 
25,000 00 
75,000 00 
50,000 00 
24,000 00 
24,000 00 
75,000 00 
50,000 00 
24,000 00 

100,000 00 
50,000 00 
50,000 00 
50,000 00 
50,000 00 
5,000 00 



Rate. 
206 
206 
183 

255 
308 

100 

83 

65 

100 

11 

12 

100 

100 

186 



lOOf 
107f 

97* 
105 
103 
100 

90 

99 

99 
103+ 

91| 

89| 

91i 
1 12f 
106 
101i 
101f 

95 
96 
lOOf 
92| 

90+, 

107 

107 

106$ 

102 

104 

100^ 
85^ 
95+ 
99f 
97^ 
99 
98i 
97^ 

103f 

1161 
98i 
99| 
90 

114+, 

108^ 

105 

100 



Market Value. 

$20,600 00 

51,500 00 

228,750 00 

25,500 00 
30,800 00 

19,970 00 

13,695 00 

32,500 00 

2,500 00 

220 00 

90 00 

1,000 00 

1,000 00 

116,250 00 



lOOf 49,183 75 



112,840 00 

107 75 

34,125 00 

26,250 00 

8,240 00 

100,000 00 

40,500 00 

15,840 00 

94,050 00 

2,070 00 

91,625 

8,975 

27,375 

56.187 

212 

50,625 

3,041 



00 
00 
00 
50 
00 
00 
25 



23.750 00 
72,000 00 
30,225 00 
184,500 00 
181,000 00 
10,700 00 
5,350 00 
53,375 00 
51,000 00 
52,000 00 
30,150 00 
42,625 00 
143,250 00 
24,937 
72,937 
49,500 
24,531 
24,312 50 
77,718 75 
58,250 00 
24,531 25 
99,750 00 
45,000 00 
57,250 00 
54,250 00 
52,500 00 
5,000 00 



50 
50 
00 
25 



272 



THE INSURANCE CO. OF NORTH AMERICA. 



Choctaw, Oklahoma & Gulf 5s, 1908, 

Cincinnati, Hamilton & Dayton 5s, 1942, 

Cleveland, Cincinnati, Chicago & St. Lo. 4s, 1993, 

Cleveland, Lorain & Wheeling 5s, 1933, 

Cleveland, Lorain & Wheeling 5s, 1936, 

Consolidated Traction Co. of N. J. 5s, 1933, 

Delaware & Chesapeake 4s, 1912, 

Delaware River R.R. & Bridge Co. 4s, 1936, 

Empress Elizabeth of Austria 4s, 

Erie general lien 4s, 1996, 

Erie prior lien 4s, 1996, 

Erie Car Trust 4*s, 1909, . 

Indiana, Illinois & Iowa 4s, 1950, 

Indianapolis Union 4s, 1909, 

Iron Mountain Car trust 5s, 1912, 

Iron Mountain Car trust 5s, 1913, 

Jefferson (Carbondale Branch) 5s, 1909, 

Jersey City, Hoboken & Patterson St. 4s, 1949, 

Lake Shore & Michigan Southern 4s, 1928, 

Lehigh Valley 4*s, annuity, 

Lehigh Valley 4*s, 1923, . 

Lehigh Valley 4s, 2003, . 

Lehigh Valley 4*s, 1940, . . 

Lehigh Valley Terminal 5s, 1941, 

Lehigh Vallev Transit 4s, 1935, 

Lehigh & Wilkesbarre Coal Co. 5s, 1912, 

Long Island guar. ref. 4s, 1949, . 

Louisville & Nashville (E., H. & N. Div.) 6s, 1919 

Louisville & Nashville 4s, 1940, 

Market Street Elevated Passenger 4s, 1955, 

McKeesport & Belle Vernon 6s, 1918, 

Norfolk & Western 4s, 1944, 

Norfolk & Western 4s, 1996, 

Norfolk & Western equipment 4s, 1909, 

Norfolk & Western equipment 4s, 1911, 

Oregon Short Line 4s, 1929, 

Pennsylvania 4*s, 1913, 

Pennsylvania Co. 3*s, 1916, 

Philadelphia & Baltimore Central 5s, 1911, 

Philadelphia & Erie 5s, 1920, . 

Pittsburg, Cincinnati, Chicago & St. L. 4*s, 1940, 

Pittsburg, Cincinnati, Chicago & St. L. 4*s, 1942, 

Pittsburg, Cincinnati, Chicago & St. L. 4s, 1945, 

Pittsburg, Cincinnati, Chicago & St. L. 3*s, 1949, 

Pitts., McKeesport & Youhiogheny 6s, 1934, 

Read. Co. & Phil. & Read. C. & I. Co. 4s, 1997, 

Richmond-Washington Co. 4s, 1943, . 

Rio Grande Western 4s, 1949, . 

St. Paul & Duluth 4s, 1968, 

St. Louis, Memphis & Southeastern 4*s, 1909, 

San Antonio & Aransas Pass 4s, 1943, 

Southern equipment 4*s, 1909, . 

Southern equipment 4*s, 1912, . 

Southern equipment 4*s, 1911, . 

Steubenville & Indiana 5s, 1914, 

Steuben ville Traction & Light Co. 5s, 1926, 

Terminal Association of St. Louis 5s, 1944, 

Terminal Association of St. Louis 4s, 1953, 

Tioga 5s, 1915, 

West Shore 4s, 2361, . . _ . 

Western New York & Pennsylvania 4s, 1943, 
Wilkinsburg & East Pittsburg Street 5s, 1929, 
Wilmington & Weldon 4s, 1935, 

Miscellaneous Bonds. 
American Telephone & Telegraph Co. 4s, 1929, 
Cherokee Construction Co. 6s, 1907, . 
Erie & Western Transportation Co. 4s, 1925, 
Equitable Illuminating Gas Light Co. 5s, 1928, 
Harrisburg Gas Co. 5s, 1928, 
Lehigh Coal & Navigation Co. 4*s, 1924, 
New York Dock Co. 4s, 1951, . . ' . 

Omaha Gas Co. 5s, 1917, . 



Book Value. 

$12,000 00 
50,000 00 
48,000 00 
50,000 00 
25,000 00 

100,000 00 

100,000 00 
50,000 00 
40,000 00 
89,000 00 
94,000 00 
25,000 00 
36,000 00 

100,000 00 
28,000 00 
15,000 00 
50,000 00 
41,000 00 

150,000 00 
52,000 00 
50,000 00 

197,000 00 
50,000 00 
40,000 00 
46,500 00 
10,000 00 

100,000 00 
44,000 00 
49,000 00 
64,275 00 
20,000 00 
49,000 00 

150,000 00 
49,000 00 
49,000 00 
98,000 00 
50,000 00 
48,000 00 

100,000 00 

150,000 00 
50,000 00 
25,000 00 
60,000 00 
95,000 00 
50,000 00 

150,000 00 
50,000 00 
46,000 00 
50,000 00 
50,000 00 
18,000 00 
50,000 00 
50,000 00 

100,000 00 

200,000 00 
25,000 00 
40,000 00 

150,000 00 
5,000 00 
25,000 00 
99,000 00 
50,000 00 
50,000 00 

48,000 00 

125,000 00 

100,000 00 

131,000 00 

25,000 00 

50,000 00 

16,500 00 

25,000 00 



Rate. 

100 

106 

101 

1121 

105 

1051 

98 
100 
100 

87* 

97 

99 

98* 

99 
100 
100 
100 

71 

98 
115 
106 

97* 
108* 
117i 

86 

99f 

99 
111 
100 

99 
116 

96 

981 

98i 

96f 

93* 
102 

95* 
1021 
112 
1091 
109* 
1001 

90* 
132 

99 
102* 

87 

97 

961 

86* 

99* 

97i 

98* 
105* 

99 
117* 

95 
103 
103* 

93* 
110 
100 

90 
100 
100 
106 
102 
104* 

92 
100 



Market Value. 

$12,000 00 
53,000 00 
50,500 00 
56,250 00 
26,250 00 

105,500 00 
98,000 00 
50,000 00 
40,000 00 
87,500 00 
91,180 00 
24,750 00 
35,460 00 
99,000 00 
28,000 00 
15,000 00 
50,000 00 
35,500 00 

147,000 00 
59,800 00 
53,000 00 

194,500 00 
54,250 00 
47,000 00 
43,000 00 
9,975 00 
99,000 00 
48,840 00 
50,000 00 
64,350 00 
23,200 00 
48,000 00 

147,750 00 
49,062 50 
48,187 50 
93,500 00 
51,000 00 
47,750 00 

102,250 00 

168,000 00 
54,625 00 
27,375 00 
59,295 00 
90,500 00 
66,000 00 

148,500 00 
51,250 00 
43,500 00 
48,500 00 
48,125 00 
18,165 00 
49,562 50 
48,937 50 
98,250 00 

211,000 00 
24,750 00 
46,900 00 

142,500 00 
5,150 00 
25,875 00 
93,500 00 
55,000 00 
50,000 00 

45,000 00 

125,000 00 

100,000 00 

138,860 00 

25,500 00 

52,250 00 

15,180 00 

25,000 00 



THE INSURANCE CO. OF THE STATE OF PENNSYLVANIA. 273 



Philadelphia Co. 5s, 1949, 

Potomac Electric Power Co. 5s, 1929, 



Book Value, 
$50,000 00 
25,000 00 

',441,895 00 



Rate. 
107 
104 



Market Value. 

$53,500 00 

26,000 00 

$7,536,871 00 



THE INSURANCE COMPANY OF THE STATE OF PENNSYLVANIA, 

PHILADELPHIA, PA. 

Incorporated April 18, 1794. Commenced business Nov. 5, 1794. 

* Paid-up Capital, $200,000. 

WM. MUIR, President. E. R. DANNELS, Secretary. 

Home Office, 300 Walnut Street. 



Income. 
Net fire premiums, ..... 

Deposit premiums on perpetual risks, 
Interest on stocks and bonds, $13,292.89; all other, 
Rents, including company's own occupancy, 
Profit and loss, ...... 

Discount on perpetual insurance cancelled, 



,344.86, 



Total income, . . . . • 

Ledger assets, Dec. 31, 1905, plus $200,000 increase in capital, 

Total, 

Disbursements. 
Net amount paid for fire losses, .... 

Deposit premiums returned, ..... 

Commissions or brokerage, ..... 

Salaries, fees, etc., of officers and employees, 

Rents, including company's own occupancy, 

Repairs and expenses on real estate, 

Real estate taxes, $2,923.28; other taxes and fees, $8,210 

Premiums on securities purchased, . 

Legal expenses, ....... 

Advertising, printing and supplies, .... 

Cancellation of general manager's contract, 

Maps, ......... 

Postage, express, telegrams and telephone, 
Traveling expenses, ...... 

Underwriters' boards, protective associations and patrol, 
All other disbursements, ..... 

Total disbursements, ..... 

Balance, ....... 



34, 



Real estate, . 

Stocks and bonds (schedule A), 



Ledger Assets. 



$385,876 57 

12,914 95 

14,637 75 

16,983 29 

3 54 

787 48 

$431,203 58 
817,976 91 

1,249,180 49 



$153,387 66 
23,389 96 
85,941 64 
16,623 03 
1,233 34 
10,529 78 
11,133 62 

230 
2,510 
5,612 
8,000 00 
1,380 01 
1,589 82 
1,941 12 
3,866 25 
2,397 04 



00 
29 
02 



$329,765 58 
$919,414 91 



$306,533 19 
480,056 50 



* Cash capital Dec. 31, 1905, 
Increase of capital during 1906, 



$200,000 00 
200,000 00 



Total $400,000 00 

Decrease in cash capital during 1906 without distribution of assets, 200,000 00 



Cash capital Dec. 31, 1906, 



$200,000 00 



274 THE INSURANCE CO. OF THE STATE OF PENNSYLVANIA. 



Cash in banks and office, ..... 

Agents' balances, ....... 

Bills receivable, ....... 

Deposit with Philadelphia Underwriters' Association, 
Deposits on perpetual risks > ..... 

Total ledger assets, ....... 

Non-Ledger Assets. 
Interest accrued on bonds, ....... 

Rents due and accrued on company's property, 
Due from other companies, . . . . 

Gross assets, ......... 

Assets not admitted. 

Agents' balances over three months due, . . $4,390 86 
Bills receivable, past due, . . . . 5,556 30 
Reclaimable on deposit with unauthorized com- 
pany, 700 62 

Book value of real estate over market value, . 30,000 00 

Book value of stocks and bonds over market value, 17,358 12 

Deposit with Phila. Underwriters' Association, . 100 00 

Total unadmitted assets, . . . 

Total admitted assets, . . 

LIABILITIES; 

Unpaid losses, including $1,800 resisted, . $32,524 91 

Less reinsurance, . . . . . . . 2,172 67 

Unearned premiums on outstanding risks, .... 

Reclaimable on perpetual fire policies, ..... 

Salaries and other miscellaneous expenses, due or accrued, 
Commissions and other charges due agents and brokers, 
Perpetuals not reclaimable, ....... 



All liabilities, except capital and surplus, 
Surplus to policy holders, 
Paid-up capital, ..... 
Surplus over capital and general liabilities, 



$31,685 90 

91,275 72 

5,936 30 

100 00 

3,827 30 

$919 3 414 91 



$5,595 49 
1,259 83 
1,470 39 

$927,740 62 



$431,130 73 



58,105 90 

$869,634 72 



$30,352 24 

230,368 26 

168,660 61 

571 13 

8,169 02 

382 73 

$438,503 99 

200,000 00 
231,130 73 



Total liabilities, 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1905, 
Fire risks written during 1906, 

Total, . 
Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, 



Net amount in force, 
Perpetual risks in force (not included above), 



$20,366,961 00 
41,248,421 00 

$61,615,382 00 
24,859,497 00 



,755,885 00 
1,712,910 00 



$35,042,975 00 
$5,482,072 00 



,634 72 



Premiums. 

$255,050 83 
502,628 51 

$757,679 34 
302,189 59 



$455,489 75 
25,347 97 

$430,141 78 
$187,400 68 



THE INSURANCE CO. OF THE STATE OF PENNSYLVANIA. 



275 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, 
Fire losses incurred during the year, 
Cash dividends declared from organization of company, 
Company's stock owned by directors, 



$23,020,245 00 
. 17,816,467 00 

160,630 00 
. 4,315,406 00 

122,550 00 



Schedule A. Stocks and Bonds owned by the Company. 

Bank Stocks. Book Value. Rate. Market Value. 

10 shares Fidelity Trust Co., Philadelphia, Pa., . $8,000 00 784 $7,840 00 

10 " Fourth St. National, Philadelphia, Pa., 3,000 00 307 3,070 00 

Miscellaneous Stocks. 

2 shares General Adjustment Bureau, . . 100 00 100 100 CO 

250 " United Gas Improvement Co., . . 21,450 00 186 23,250 00 

1 share Western Adjustment & Inspection Co., 140 00 100 100 00 

County and Municipal Bonds. 

Allegheny, Pa., School District 3£s, 1921, . . 10,346 00 96f 9,675 00 

Allegheny County 3-fcs, 1932, op. 1922, . . 10,025 00 94f 9,437 50 

Atlanta, Ga., 3£s, 1931, 10,055 00 93$ • 9,387 50 

Chester, Pa., 3£s, 1913, ...... 5,084 50 98 4,900 00 

Cincinnati, O., 3£s, 1952, op. 1932, ... 10,075 00 96f 9,675 00 

Cleveland, O., 4s, 1922, . . . . . 10,300 00 101f 10,175 00 

Harrisburg, Pa., 3£s, 1908, .... 20,025 00 99£ 19,900 00 

Montgomery County, Pa., 3 is, 1928, . . . 5,213 00 94f 4,731 25 

New York, N. Y., 3*s, 1951, .... 25,677 50 91$ 22,906 25 

New York. N. Y., 34s, 1952, .... 31,050 00 91f 27,487 50 

New York,' N. Y., 3£s, 1953, .... 20,475 00 91* 18,300 00 

Philadelphia, Pa., 3 $s, 1908, .... .15,22500 100 15,00000 

Philadelphia, Pa., 3s, 1917, .... 3,890 00 96f 3,865 00 

Philadelphia, Pa., 3s, 1923, .... 1,653 25 95$ 1,617 13 

Philadelphia, Pa., 3£s, 1932, .... 25,912 50 101f 25,437 50 

Pittsburg, Pa. (Sterrett School District) 4s, 1931, 10,982 00 103$ 10,312 50 

Rochester, N. Y., 3$s, 1933, .... 5,093 50 95 4,750 00 

Scranton, Pa., School District 4$s, 1919, . . 5,724 50 101$ 5,093 75 

Syracuse, N. Y., 3s, 1909, .... 9,605 00 98 9,800 00 

Railroad Bonds. 

Baltimore & Ohio prior lien 3^s, 1925, . . 18,875 00 92^ 18,450 00 

Brooklyn Rapid Transit 4s, 2002, . . . 14,127 50 92 13,800 00 

Chesapeake & Ohio 4s, 1908, .... 4,928 50 99 4,950 00 

Chesa. & O. (Rich. & Allegh. Div ) 1st con., 4s, 1989, 15,187 50 100 15,000 00 

Chicago & Western Indiana 4s, 1952, . . . 14,812 50 97 14,550 00 

Ga. R'y & Elec. 5s, 1932, 10,475 00 102 10,200 00 

Lehigh Valley of N. Y. 4$s, 1940, . , . 5,512 50 107£ 5,375 00 

Lehigh Valley 4s, 2003, 10,000 00 97£ 9,725 00 

Norfolk & Western 4s, 1910 9,730 00 97£ 9,725 00 

Northern Pacific 4s, 1997, .... 10,450 00 102 10,200 00 

Pennsylvania convertible 3$s, 1915, . . . 9,743 75 93 9,300 00 

Pennsylvania Co. 4s, 1931, .... 19,975 00 97£ 19,450 00 

Pennsylvania Co. 3$s, 1916, .... 9,600 00 95^ 9,550 00 

Reading Co. (Jersey Central) 4s, 1951, . . 9,975 00 95^ 9,550 00 

Roanoke R'y & Electric 5s, 1953, . . . 10,250 00 98 9,800 00 

St. Lo., Iron Mt. & South. (R. & G. Div.) 4s, 1933, 9,387 50 92 9,200 00 

Southern 5s, 1909, . . . . ' . . 10,150 00 100 10,000 00 

Southern 5s, 1994, 17,775 00 113f 17,062 50 



$480,056 50 



$462,698 38 



276 THE JEFFERSON FIRE INSURANCE CO. OF PHILADELPHIA. 



THE JEFFERSON FIRE INSURANCE COMPANY OF PHILADELPHIA, 

PA., PHILADELPHIA, PA. 

Incorporated April, 1855. Commenced business August, 1855. 

Paid-up Capital, $200,000. 

SYDNEY E. HUTCHINSON, President. CHARLES B. JENNINGS, Secretary. 

Home Office, 325 Walnut Street. 

Income. 

Net fire premiums, $528,268.48; marine, $4,248.36, . . $532,516 84 

Deposit premiums on perpetual risks, ..... 5,024 98 
Interest on mortgage loans, $6,780.04; collaterals, $722.73; 

stocks and bonds, $12,241.22; all other, $2,383.65, . . 22,127 64 

Rents, 5,835 69 

Profit on sale or maturity of ledger assets, .... 308 25 

Premium on increase in capital in 1905, ..... 75,000 00 

From all other sources, ........ 365 48 

Total income, $641,178 88 

Ledger assets, Dec. 31, 1905, 548,055 58 

Total, $1,189,234 46 

Disbursements. 

Net amount paid for fire losses, ...... $129,024 51 

Deposit premiums returned, ....... 4,660 88 

Dividends to stockholders, 10,000 00 

Commissions or brokerage, ....... 174,796 23 

Salaries, fees, etc., of officers and employees, .... 8,870 89 

Repairs and expenses on real estate, ..... 974 31 

Real estate taxes, $1,244.89; other taxes and fees, $10,205.21, . 11,450 10 

Loss on sale of ledger assets, . . . . . . . 5,897 94 

Advertising, postage and express, ...... 1,949 07 

Printing, stationery and supplies, ...... 10,615 54 

Traveling and miscellaneous expenses, ..... 11,212 70 

Total disbursements, $369,452 17 

Balance, . . . . . . . . . $819,782 29 

Ledger Assets. 

Real estate, $57,502.71; mortgages, $44,971, .... $102,47371 

Loans secured by collateral (schedule A), . . . . 25,000 00 

Stocks and bonds (schedule B), 566,622 72 

Cash in banks and office, ........ 26,427 45 

Agents' balances, ......... 96,544 67 

Ground rents, ......... 2,463 74 

Perpetual insurance deposit, . . . . . . . 150 00 

Deposit with Philadelphia Underwriters' Association, . . 100 00 

Total ledger assets, $819,782 29 



THE JEFFERSON FIRE INSURANCE CO. OF PHILADELPHIA. 277 



Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $936.49; bonds, $7,486.16; collateral loans, 

$70.88; other assets, $27, . 

Rents due and accrued on company's property, 

Market value of real estate over book value, . 

All other, 



Gross assets, ...... 

Assets not admitted. 

Special deposits less $4,166.31 liability thereon, 
Book value of stocks and bonds over market value, 
Deposit with Phila. Underwriters' Association, . 
Total unadmitted assets, 

Total admitted assets, .... 



$16,503 69 

9,796 47 

100 00 



Liabilities. 

Unpaid losses, $42,282.10; less reinsurance, $7,778.44. 
Unearned premiums on outstanding risks, 
Reclaimable on perpetual fire policies, 



All liabilities, except capital and surplus, 
Surplus to policy holders, 
Paid up capital, ..... 
Surplus over capital and general liabilities, 



$407,075 60 



Total liabilities, 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1905, 
Fire risks written during 1906, 

Total, 

Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, 



Net amount in force, 

Perpetual risks in force (not included above), 

Marine risks written during 1906, . 

In force at end of year, .... 



$8,759,927 00 

57,673,381 00 

$66,433,308 00 

17,434,219 00 

$48,999,089 00 

4,883,941 00 

$44,115,148 00 

$2,976,727 00 

$307,900 00 

307,900 00 



Miscellaneous. 
Premiums received from organization of company, . 
Losses paid from organization of company, 
Fire losses incurred during the year, ., . . 

Cash dividends declared from organization of company, 
Dividends declared during the year (5 per cent.), 
Company's stock owned by directors, 



$8,520 53 

375 67 

11,986 00 

396 26 

$841,060 75 



26,400 16 
$814,660 59 



$34,503 66 

305,678 64 

67,402 69 

$407,584 99 

200,000 00 
207,075 60 

$814,660 59 



Premiums. 

$109,135 43 
688,440 23 

$797,575 66 
203,579 40 

$593,996 26 
53,022 86 

$540,973 40 

$74,200 07 

$7,063 88 
7,063 88 



,716,025 00 
547,835 00 
157,842 00 
502,200 00 
10,000 00 
144,350 00 



278 THE JEFFERSON FIRE INSURANCE CO. OF PHILADELPHIA. 



Schedule A. Securities held as Collateral. 

Company's 

Market Value. 

Citizens' Street Railway Co. (Indianapolis, Ind.) 5s, . . $5,300 00 

Equitable Illuminating Gas Light Co. 5s, . . . . 3,240 00 

Electric and People's Traction Co. (Phila.) 4s, . . . 14,850 00 

Baltimore Traction Co. 5s, 3,345 00 

Gulf and Ship Island 5s, . 2,020 00 

20 shares Finance Co. of Pennsylvania, 2d preferred, . . 2,100 00 



Loaned 
Thereon. 



$25,000 00 



$30,855 00 $25,000 00 



Schedule B. Stocks and Bonds owned by the Company. 



Miscellaneous Stocks. 
5 shares Underwriters' Salvage Co., Chicago, 111., 

County and Municipal Bonds. 
Allegheny, Pa., 31s, 1910, 
Allegheny Co., Pa., 4s, 1936, 
Atlanta, Ga., 41s, 1922, . 
Augusta, Ga., 4s, 1935, 
Beaver County, Pa., 4s, 1915, 
Boston, Mass., 4s, 1921, . 
Camden, N. J., 4s, 1936, . 
New York, N. Y., 31s, 1954, 
New York, N. Y., 4s, 1955, 
New York, N. Y., 4s, 1956, 
Norfolk, Va., 5s, 1912, 
Philadelphia, Pa., 31s, 1934, 
Richmond, Va., 4s, 1940, . 
Washington, Pa., 4s, 1909, 
Washington, Pa., 4s, 1910, 

Railroad Bonds. 
Atch., Topeka & Santa F6 adjustment 4s, 1995, 
Atlantic Coast Line collateral 4s, 1952, 
Bangor & Aroostook equipment 5s, 1911, . 
Chesa. & O. 2d cons. mort. (R. & A. Div.) 4s, 1989 
Cin., N. Orleans & Tex. Pacific equip. 41s, 1911, 
Citizens' Traction Co. 5s, 1935, . 
Connecticut Railway & Lighting Co. 41s, 1951, 
Erie (Penn. col.) 4s, 1951, 
Fort Worth, Denver City, 5s, 1910, . 
Indiana, Columbus & Eastern Trac. Co. 5s, 1926, 
Indianapolis Traction & Terminal 5s, 1933, 
Iron Mountain Car trust 5s, 1914, 
Kansas City Southern 41s, 1912, 
Lehigh Valley 1st mortgage 41s, 1940, 
Lehigh Valley collateral trust 4s, 1913, 
Lehigh Valley Transit Co. 5s, 1935, . 
Lehigh & Hudson River equip, trust 41s, 1909, 
Market Street Elevated 4s, 1955, 
Norfolk & Western equipment trust 4s, 1912, 
Norfolk & Western 4s, 1944, 
Pennsylvania collateral trust 41s, 1913, 
Pennsylvania Co. 41s, 1921, 
Read. & Phila. & Reading & Iron Co. 4s, 1997, 
Reading Co. (Jersey Central) 4s, 1951, 
Southern Indiana 4s, 1951, 
Southern Car trust 41s, 1911, 
St. Louis Transit Co. 5s, 1924, . 
Toledo, St. Louis & Western Car trust 41s, 1914, 
United Railways Co. of St. Louis 4s, 1934, . 
Wabash 41s, 1908, 

Miscellaneous Bonds. 
Buffalo, N. Y., Gas Co. 5s, 1947, 
Kansas City Gas Co. 5s, 1922, . 
Lehigh Coal & Navigation Co. 41s, 1924, 
Penn Mary Coal Co. 5s, 1907, . 
Potomac Electric Power Co. 5s, 1936, 
Railway Steel Springs Co. 5s, 1921, 



Book Value. 
$500 00 

5,913 75 
10,475 00 

5,368 75 

5,281 25 
10,158 00 
15,337 50 
10,725 00 
25,056 25 
10,275 00 
20,437 50 

3,108 75 
35,725 

7,350 

5,069 

5,079 



00 
00 
33 

84 



9,700 00 

9,562 50 

10,000 00 

9,762 50 

9,762 00 

10,000 00 

9,992 26 

9,725 00 

10,000 00 

9,650 00 

14,662 50 

15,474 50 

9,890 00 

15,600 00 

10,000 00 

10,100 00 

4,975 00 

10,100 00 

9,804 00 

29,125 00 

10,189 00 

10,725 00 

9,937 50 

9,756 25 

14,392 21 

20,225 00 

4,812 50 

9,674 00 

4,387 50 

4,953 00 

3,710 00 
5,102 78 
5,137 50 
9,975 00 
9,900 00 
9,625 00 



Rate. 
100 

98f 
102f 
1061 
1021 
1001 
102| 
1031 

91| 
1021 
1021 
1031 
lOlf 
101f 
100 
100 

91f 

881 
100 

951 

98 

98 
102 

89f 
100 

96 

97 
100 

97f 
1081 

99 
100 

99 

99 

95| 

96 
102 
1051 

99 

951 

92 

981 

941 

97 

85 

991 

622 

98 
1041 
100 

98 

97 



Market Value. 
$500 00 

5,925 00 

10,262 50 

5,325 00 

5,125 00 

10,050 00 

15,412 50 

10,350 00 

22,843 75 

10,212 50 

20,425 00 

3,097 50 

35,612 50 

7,122 50 

5,000 00 

5,000 00 

9,175 00 

8,850 00 

-10,000 00 

9,550 00 

9,800 00 

9,800 00 

10,200 00 

8,975 00 

10,000 00 

9,600 00 

14,550 00 

15,000 00 

9,775 00 

16,275 00 

9,900 00 

10,000 00 

4,950 00 

9,900 00 

9,562 50 

28,800 00 

10,200 00 

10,550 00 

9,900 00 

9,550 00 

13,800 00 

19,650 00 

4,712 50 

9,700 00 

4,250 00 

4,975 00 

3,137 50 

4,900 00 
5,225 00 
10,000 00 
9,800 00 
9,700 00 



LUMBER INSURANCE CO. OF NEW YORK. 279 

Book Value. Rate. Market Value. 

Syracuse, N. Y., Gas Co. 5s, 1946, . . . $5,193 75 102 $5,100 00 

United States Steel Corporation 5s, 1963, . . 9,962 50 96f 9,675 00 

Westchester Lighting Co. 5s, 1950, . . . 5,218 05 10l£ 5,075 00 

$566,622 72 $556,826 25 



LUMBER INSURANCE COMPANY OF NEW YORK, NEW YORK, N. Y. 

Incorporated June 1, 1904. Commenced business June 15, 1904. 

Paid-up Capital, $200,000. 
G. A. MITCHELL, President. R. H. McKELVEY, Secretary. 

Home Office, 66 Broadway. 

Income. 

Net fire premiums, . $195,003 07 

Interest on bonds, $14,579.67; discount on losses paid, $574.14, 15,153 81 

Profit on sale of bonds, ' . . 2,320 00 



Total income, $212,476 88 

Ledger assets, Dec. 31, 1905, 400,453 94 



Total, $612,930 82 

Disbursements. 

Net amount paid for fire losses, ...... $75,958 73 

Dividends to stockholders, 30,000 00 

Commissions or brokerage, . . . . . . 4,080 81 

Salaries, fees, etc., of officers and employees, .... 50,488 19 

Taxes and fees, 1,672 87 

Loss on sale of bonds, ........ 250 00 

All other disbursements, ......... 94 



Total disbursements, $162,451 54 



Balance, . . " . . . . . . $450,479 28 

Ledger Assets. 

Bonds (schedule A), . . . . . . $353,562 50 

Cash in banks and office, ....... 60,948 73 

Agents' balances, 35,968 05 



Total ledger assets, ....... $450,479 28 

Non-Ledger Assets. 
Interest accrued on bonds, ....... 2,000 00 



Gross assets, $452,479 28 

Assets not admitted. 

Agents' balances over three months due, . $222 23 

Special deposits less $18,762 . 03 liability thereon, 74,237 97 

Book value of bonds over market value, . . 26,593 75 

Total unadmitted assets, . . . 101,053 95 



Total admitted assets, $351,425 33 

Liabilities. 
Unpaid losses, including $5,000 resisted, . $17,082 65 

Less reinsurance, 536 29 $16,546 36 



280 



THE LUMBERMEN S MUTUAL INSURANCE CO. 



Unearned premiums on outstanding risks, 

All liabilities, except capital and surplus, 
Surplus to policy holders, 
Paid-up capital, ..... 
Surplus over capital and general liabilities, 



$206,800 15 



Total liabilities, 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1905, 
Fire risks written during 1906, 

Total, . . .- . 

Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, 

Net amount in force, 



$8,867,455 00 
20,445,002 00 

$29,312,457 00 
13,342,712 00 

$15,969,745 00 
2,460,282 00 



$128,078 82 

$144,625 18 

200,000 00 
6,800 15 

$351,425 33 



Premiums. 

$173,964 05 
383,272 07 

$557,236 12 
249,555 06 

$307,681 06 
52,203 82 



$13,509,463 00 $255,477 24 



Miscellaneous. 

Premiums received from organization of company, . 

Losses paid from organization of company, 

Fire losses incurred during the year, 

Cash dividends declared from organization of company, 

Dividends declared during the year (15 per cent.), 

Company's stock owned by directors, 

Schedule A. Bonds owned by the Company 



State and Municipal Bonds 
New York, N. Y., 3£s, 1953, 
New York, N. Y., 3£s, 1929, 
New York, N. Y., 3£s, 1954, 
New York, N. Y., 4s, 1955, 
Ontario 3£s, 1936, . 

Miscellaneous Bonds. 
Ontario Power Co. 5s, 1943, 



Book Value. 
$51,812 50 

50,937 50 
101,312 50 

25,437 50 
100,062 50 

24,000 00 
$353,562 50 



Rate. 

91* 
94| 

91| 

102* 

93 

97 



$567,348 00 

165,555 00 

82,674 00 

30,000 00 

30,000 00 

140,700 00 



Market Value. 
$45,750 00 
47,062 50 
91,375 00 
25,531 25 
93,000 00 

24,250 00 
$326,968 75 



THE LUMBERMEN'S MUTUAL INSURANCE COMPANY OF MANS- 
FIELD, OHIO, MANSFIELD, OHIO. 

Incorporated 1895. Commenced business Oct. 10, 1895. 
E. S. NAIL, President. . W. H. G. KEGG, Secretary. 

Home Office, Lumbermen's Heights. 

Income. 
Net premiums, ......... 

Interest on mortgage loans, $1,332.14; collaterals, $120; stocks 

and bonds, $3,781.86; all other, $2,166.13, . 
Profit on sale of bonds, ........ 



$217,116 80 

7,400 13 
498 73 



Total income, . 
Ledger assets, Dec. 31, 1905, . 

Total, . . . . 



$225,015 66 
234,804 48 

$459,820 14 



THE LUMBERMEN S MUTUAL INSURANCE CO. 



281 



Disbursements. 
Net amount paid for losses, ..... 

Profits on terminated policies, .... 

Commissions or brokerage, ..... 

Salaries, fees, etc., of officers and employees, 

Rents, ........ 

Repairs and expenses on real estate, 

Real estate taxes, $46.41; other taxes and fees, $2,346.99 

Traveling and adjusting, 

Advertising and postage, 

Printing, stationery, telephone and telegraph, 

All other disbursements, 

Total disbursements, 

Balance, 

Ledger Assets. 
Real estate, $19,000; mortgages, $20,265.94, . 
Loans secured by collateral (50 shares Robt. H. Jenks Lum. Co.), 
Stocks and bonds (schedule A), 
Cash in banks and office, ....... 

Agents' balances, ......... 

Total ledger assets, . . . .... 



Non-Ledger Assets 

Interest accrued : — 
On mortgages, $302 . 76 ; bonds, 

$30; other assets, $484.33, 
Market value of real estate over book value, 



, 1 08 . 54 ; collateral loan s , 



Gross assets, ...... 

Assets not admitted. 
Book value of stocks and bonds over market value, 

Total admitted assets, .... 

Liabilities. 
Unpaid losses, ...... 

Unearned premiums on outstanding risks, 

All liabilities, except surplus, . 
Surplus, ....... 



Total liabilities, 



Risks outst'ding Dec. 31, 1905, 
Risks written during 1906, 



Risks and Premiums. 

Amount. 

$6,627,137 00 
8,824,101 00 



Total, . . . . 

Risks expired and terminated, 

In force at end of year, . 



$15,451,238 00 
7,175,693 00 



Cash Prem's. 

$179,632 23 
231,797 59 

$411,429 82 
196,179 57 



$56,945 42 

69,641 90 

11,229 69 

18,310 84 

60 00 

6,846 66 

2,393 40 

5,484 55 

2,053 56 

718 49 

3,038 14 

$176,722 65 

$283,097 49 



$39,265 94 
2,000 00 

178,335 31 
47,420 34 
16,075 90 

$283,097 49 



2,925 63 
6,800 00 

$292,823 12 



2,712 43 
$290,110 69 



$7,200 00 
107,625 12 

$114,825 12 
175,285 57 

$290,110 69 



Conting't Prem's. 

$538,896 69 
693,365 55 

$1,232,262 24 
586,511 49 



5,275,545 00 $215,250 25 $645,750 75 



282 



MANUFACTURERS MUTUAL FIRE INSURANCE CO. 



Miscellaneous. 
Losses incurred during the year, 
Profits or surplus returned during 1906, 35 per cent. 



$64,145 00 



Schedule A. Stocks and Bonds owned by the Company. 



Railroad Stocks. 
240 shares Little Miami, . 

Bank Stocks. 
75 shares Farmers' National, Mansfield, O., 
75 " Farmers' Savings & Tr., Mansfield, O., 

Municipal Bonds. 
Ashtabula, O., 4£s, 1910-23, 
Canton, O., 4s, 1926, 
Canton, O., 4s, 1926, 
Cincinnati, O., 4s, 1946, op. 1926, 
Cleveland, O., 4s, 1923, . 
Cleveland, O., 4s, 1919, . 
Cleveland, O., 4s, 1926, . 
Fremont, O., 4Js, 1910-11, 
Ironton, O., 4s, 1926, 
Kenton, O., 4s, 1915, 
Marion, O., 4£s, 1921-26, . 
Oberlin, O., 5s, 1915, 
Ottawa, O., 5s, 1911-16, . 
Paulding County, O., 5s, 1910-11, 
Richland County, O., 4£s, 1910-14, 
Shelby, O., 5s, 1908, 
Upper Sandusky, O., 4^s, 1912, 



Book Value. 
$27,540 00 

375 00 
5,625 00 



$178,335 31 



Rate. 
228 



140 



10,508 00 


105 


11,261 25 


101f 


1,023 75 


lOlf 


15,543 75 


104£ 


9,569 97 


lOlf 


1,063 33 


101f 


8,230 00 


102£ 


8,123 60 


102 


5,320 00 


102f 


7,168 00 


100f 


14,146 60 


108i 


18,662 60 


107£ 


4,081 96 


106i 


17,892 50 


103i 


5,230 00 


103i 


670 00 


100 


6,300 00 


103 



Market Value. 
$27,360 00 



5,250 00 

10,500 00 

11,151 25 

1,013 75 

15,675 00 

9,157 50 

1,013 75 

8,170 00 

8,160 00 

5,131 25 

7,043 75 

14,072 50 

18,275 00 

4,090 63 

17,552 25 

5,156 25 

670 00 

6,180 00 

$175,622 88 



MANUFACTURERS' MUTUAL FIRE INSURANCE COMPANY OF 
RHODE ISLAND, PROVIDENCE, R. I. 

Incorporated 1835. Commenced business Dec. 1, 1835. 
JOHN R. FREEMAN, President. THEODORE P. BOGERT, Secretary. 

Office, 10 Weybosset Street. 

Income. 

Net premiums, $580,051 25 

Interest on stocks and bonds, $27,220.50; all other, $1,376.50, . 28,597 00 



Total income, ..... 

Ledger assets, Dec. 31, 1905, .... 

Total, . 

Disbursements. 
Net amount paid for losses, .... 

Profits on terminated policies, 

Salaries, fees, etc., of officers and employees, 

Rents, ....... 

Taxes and fees, . . . 

Inspections, . . . . . . . . 

Reduction in book value of securities, 

All other disbursements, .... 

Total disbursements, . ... 

Balance, ...... 



$608,648 25 
572,098 56 

1,180,746 81 

$27,355 86 

476,125 57 

10,266 61 

926 52 

10,139 16 

9,472 14 

3,500 00 

1,421 15 

$539,207 01 

$641,539 80 



manufacturers' mutual FIRE INSURANCE CO. 283 



Ledger Assets. 

Stocks and bonds (schedule A), . . . . $582,685 71 

Cash in banks and office, ....... 49,083 79 

Premiums in course of collection, ...... 9,770 30 



Total ledger assets, $641,539 80 

Non-Ledger Assets. 

Interest due on bonds, ... . . . . , . 966 66 

Market value of stocks and bonds over book value, . . . 167,139 54 



Gross assets, . . $809,646 00 

Liabilities. 

Unpaid losses, . . . $1,160 74 

Unearned premiums on outstanding risks, .... 287,638 73 

Taxes accrued, . . . . . . . . 10,256 86 

All liabilities, except surplus, ...... $299,056 33 

Surplus, 510,589 67 

Total liabilities, . . $809,646 00 

Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outs'ding Dec. 31, 1905, $63,135,996 00 $503,664 55 $2,518,322 75 

Risks written during 1906, . 76,925,373 00 604,077 50 3,020,387 50 



Total, . . . . $140,061,369 00 $1,107,742 05 $5,538,710 25 

Risks expired and terminated, 67,080,133 00 532,464 60 2,662,323 00 



In force at end of year, . . $72,981,236 00 $575,277 45 $2,876,387 25 

Miscellaneous. 
Losses incurred during the year, ...... $22,466 00 

Profits or surplus returned during 1906, 93.64 per cent. 

Schedule A. Stocks and Bonds owned by the Company. 

Railroad Stocks. Book Value. Rate. Market Value. 

100 shares Boston & Providence, . . . $25,300 00 298 $29,800 00 

110 " Chicago, Burlington & Quincy, . 13,362 50 202 22,220 00 

150 " Chic, Mil. & St. Paul, preferred, . 26,643 75 162| 24,412 50 

134 " Chicago, Mil. & St. Paul, common, . 20,486 75 148$ 19,949 25 

142 " C, Mil. & St. P., pref., 1st install, pd., 1,420 00 100 1,420 00 

71 " C., Mil. & St. P., com., 1st install, pd., 710 00 100 710 00 

284 rights Chicago, Milwaukee & St. Paul, 
276 shares Chicago & Northwestern, 
400 " Cleve., Cin., Chic. & St. Lo., pref., 
301 " Great Northern, preferred, 
301 " Great Northern, iron ore properties 
300 " Illinois Central, 
200 " Manhattan, .... 
100 " Minn., St. Paul & S. Ste. Marie, pref., 
110 " New York, New Haven & Hartford, 
350 " Northern Pacific, . 

8 " Northern Securities Co., . 
60 " Old Colony, 
1,400 " Pennsylvania, . . 

150 " Providence & Worcester, 
100 " Rome, Watertown & Ogdensburg, 
200 " Southern, preferred, 
300 " Union Pacific, preferred, 



33£ 9,514 00 

40,535 63 198| 54,717 00 

9,925 00 110 11,000 00 

30,100 00 181 54,481 00 

3,893 79 79 23,779 00 

39,576 95 165£ 49,650 00 

29,125 00 142$ 28,550 00 

16,012 50 168 16,800 00 

20,550 67 190£ 20,955 00 

26,646 26 185* 64,837 50 

393 61 165 1,320 00 

10,797 87 198 11,880 00 

84,173 61 138f 96,862 50 

32,500 00 288 43,200 00 

11,812 50 127^ 12,750 00 

19,962 50 94 18,800 00 

26,189 07 94 28,200 00 



284 



THE MECHANICS' INSURANCE CO. 



Bank Stocks. 
100 shares N'l B'k of Commerce, Prov., R. I., 

Miscellaneous Stocks. 
200 shares Ajnerican Telephone & Tel. Co., . 

Government Bonds. 
United States 4s, 1925, . . 

State Bonds. 
Rhode Island 3£s, 1934, .... 

Railroad Bonds. 
N. Y., N. H. & Hartford convertible 3£s, 1956, 



Book Value. 


Rate. 


Market Value. 


$3,600 00 


130 


$6,500 00 


24,967 75 


133* 


26,700 00 


10,000 00 


129f 


12,962 50 


50,000 00 


106f 


53,375 00 


4,000 00 


112 


4,480 00 


$582,685 71 


$749,825 25 



THE MECHANICS' INSURANCE COMPANY OF PHILADELPHIA, 

PHILADELPHIA, PA. 

Incorporated April 13, 1854. Commenced business May 4, 1854. 

Paid-up Capital, $250,000. 

SIMON J. MARTIN, President. JOHN A. SNYDER, Secretary. 

Home Office, 500 Walnut Street. 



Income. 
Net fire premiums, .... 

Deposit premiums on perpetual risks, 
Interest on mortgage loans, $11,885.88; collaterals, $4,271.51 

stocks and bonds, $25,813.20; deposits, $711.50, 
Rents, including company's own occupancy, 
Profit on maturity of bonds, .... 
Transfers, ....... 

Total income, ..... 

Ledger assets, Dec. 31, 1905, .... 

Total, . 

Disbursements. 
Net amount paid for fire losses, 
Deposit premiums returned, . 
Dividends to stockholders, 
Commissions or brokerage, 
Salaries, fees, etc., of officers and employees, 
Rents, including company's own occupancy, 
Repairs and expenses on real estate, 
Real estate taxes, $1,069.90; other taxes and fees, $11,713.20, 
Office and agency expenses, . 
All other disbursements, 

Total disbursements, 

Balance, ..... 

Ledger Assets. 

Real estate, $82,988.79; mortgages, $259,085, 

Loans secured by collateral (schedule A), 

Stocks and bonds (schedule B), 

Cash in banks and office, 

Agents' balances, ..... 

Perpetual reinsurance deposits, 

Total ledger assets, . . . 



$359,231 05 
26,064 83 

42,682 09 

5,115 00 

274 00 

406 50 

$433,773 47 
1,048,950 32 

>1, 482,723 79 



$151,672 19 

11,516 56 

25,000 00 

106,831 55 

15,283 87 

3,500 00 

828 93 

12,783 10 

17,061 01 

149 42 

$344,626 63 

$1,138,097 16 



$342,073 79 

115,000 00 

581,089 49 

51,455 52 

44,538 84 

3,939 52 

1,138,097 16 



THE MECHANICS' INSURANCE CO. 



285 



Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $2,743.30; bonds, $5,647.48; collateral loans, 

$937.50; other assets, $210.24, 

Rents due on company's property, ...... 

Market value of stocks and bonds over book value, . 



Gross assets, ...... 

Assets not admitted. 

Book value of real estate over market value, . 

Perpetual reinsurance deposit with unauthorized 

company, ....... 

Total unadmitted assets, 

Total admitted assets, .... 



Liabilities. 

Unpaid losses, including $650 resisted, 
Less reinsurance, ..... 
Unearned premiums on outstanding risks, 
Plus same on disallowed reinsurance, 
Reclaimable on perpetual fire policies, 

All liabilities, except capital and surplus, 
Surplus to policy holders, 
Paid-up capital, ..... 
Surplus over capital and general liabilities, 

Total liabilities, .... 



$9,538 52 

55 00 

22,143 51 

,169,834 19 



$5,308 79 
1,490 86 



6,799 65 



. $1,163,034 54 



$34,921 45 

324 95 

$305,542 70 

26,180 61 



$489,658 27 



$34,596 50 

331,723 31 
307,056 46 

$673,376 27 

250,000 00 
239,658 27 

1,163,034 54 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1905, . . $48,833,539 00 $551,965 84 

Fire risks written during 1906, . . . 39,287,509 00 462,207 01 



Total, . 
Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, 

Net amount in force, 



$88,121,048 00 $1,014,172 85 
31,139,386 00 369,260 64 



$56,981,662 00 $644,912 21 
5,396,691 00 67,210 54 



$51,584,971 00 $577,701 67 



Perpetual risks in force (not included above), . $14,064,002 00 $339,142 48 

Miscellaneous. 



Premiums received from organization of company, . 

Losses paid from organization of company, 

Fire losses incurred during the year, 

Cash dividends declared from organization of company, 

Dividends declared during the year (10 per cent.), 

Company's stock owned by directors, . 



$5,621,720 00 

3,066,487 00 

157,426 00 

685,660 00 

25,000 00 

52,975 00 



286 



THE MECHANICS INSURANCE CO. 



Schedule A. Securities held as Collateral. 

Company's 
Market Value. 
$23,712 00 
20,000 00 
8,690 00 
11,200 00 
10,200 00 
6,850 00 
8,900 00 
6,265 00 
15,000 00 
29,500 00 



76 shares Philadelphia National Bank, . 
Cherokee Construction Co. notes, 
11 shares Girard Trust Co., . 
1,400 " Philadelphia Electric Co., 

100 " Lehigh Coal & Navigation Co., 

100 " Philadelphia & Erie, 
United Railway Investment Co. 5s, 1926, . 
Imperial Japanese 4*s, .... 

100 shares American Smelting & Refining Co., 

500 " Union Traction Co., 



Loaned 
Thereon. 



$65,000 00 

25,000 00 
25,000 00 



$140,317 00 $115,000 00 



Schedule B. Stocks and Bonds owned by the Company. 



Railroad Stocks. 
200 shares Fairmount P'k and Hadding. Pass., 
500 " Philadelphia Traction Co., 
20 " Second and Third Sts. Passenger, 
30 " Thirteenth and Fifteenth Sts. Pass., 
100 " Union Passenger, . 
1,000 " Union Traction Co., 

Government Bonds. 
United States 4s, 1925, .... 

Municipal Bonds. 
Clifton Heights, Pa., 5s, 1918, . 
Philadelphia, Pa., 3*s, 1918, 
Philadelphia, Pa., 3^s, 1931, 
Philadelphia, Pa., 3*s, 1932, 
Philadelphia, Pa., 3*s, 1925, 

Railroad Bonds. 
Allegheny Valley 7s, 1910, 
Altoona & Logan Valley Electric 4}s, 1933, 
Camden & Suburban 5s, 1946, . 
Chesapeake & Ohio 4s, 1910, 
Chesapeake & Ohio 4s, 1915, 

Consolidated Traction Co. of New Jersey 5s, 1933 
Lake Shore & Michigan Southern 4s, 1928, 
Lehigh Valley 4*s, 1923, . 
Lehigh Valley Coal Co. 5s, 1933, 
Market Street Elevated 4s, 1955, 
Northern Pacific Terminal 6s, 1933, 
North Pennsylvania 4s, 1936, 
Pennsylvania Company 3*s, 1916, 
Pennsylvania Steel Rolling Stock 3*s, 1910, 
Philadelphia & Erie 4s, 1920, . 
Philadelphia, Wilmington & Baltimore 4s, 1917, 
Pitts., Cin., Chicago & St. Louis 4*s, 1942, 
Schuylkill River East Side 4s, 1925, . 
Second Avenue, N. Y., 5s, 1948, 
Second Avenue Traction Co., Pittsburgh, 5s, 1934, 
Suburban Rapid Transit Co., Pittsburgh, 6s, 1913, 
Terminal Association of St. Louis 5s, 1944, 
Toledo Electric Street Passenger 5s, 1912, . 
Union Passenger 5s, 1911, 
Wabash & Pittsburgh Terminal 4s, 1954, . 

Miscellaneous Bonds. 
Edison Electric Light 5s, 1946, . 
Philadelphia Co. 5s, 1949, . 



Book Value. 
$12,025 01 

41,187 50 
3,982 50 
5,883 75 

18,337 50 

47,575 00 

6,181 25 

3,000 00 

21,063 00 

607 50 

2,435 00 
10,147 00 

6,487 50 
19,650 00 
16,014 58 

9,690 00 

9,319 50 

8,435 00 
10,000 00 

9,825 00 
10,000 00 
50,500 00 
10,825 00 
13,255 00 
14,700 00 

9,742 40 
28,000 00 

2,180 00 
11,025 00 
30,900 00 
18,000 00 
10,000 00 
15,505 00 
10,000 00 
10,000 00 
21,000 00 

9,275 00 

22,191 25 
22,144 25 

$581,089 49 



Rate. 
144 
183 
588 
580 
466 
116 

129f 

107* 
100| 
101f 
101| 
lOlf 

108* 

98 
11-0 

97* 



105* 

98 
106 
110* 

99 
115 
102 

95* 

96* 
1011 
100 
109* 
102f 
105 
110 
100 
117* 

99 
102 

80 

105f 

107 



Market Value. 

$14,400 00 

45,750 00 

5,880 00 

8,700 00 

23,300 00 

58,000 00 

6,481 25 

3,225 00 

20,175 00 

609 75 

2,442 00 
10,137 50 

5,425 00 
19,600 00 
16,500 00 

9,725 00 

9,350 00 
10,550 00 

9,800 00 
10,600 00 
11,050 00 
49,500 00 
11,500 00 
11,220 00 
14,325 00 

9,650 
28,350 

2,000 
10,950 00 
30,712 50 
15,750 00 
11,000 00 
14,000 00 
11,725 00 

9,900 00 
20,400 00 

8,000 00 

21,150 00 
21,400 00 

$603,233 00 



00- 
00 
00 



mechanics' mutual fire INSURANCE CO. 287 



MECHANICS' MUTUAL FIRE INSURANCE COMPANY, 
PROVIDENCE, R. I. 

Incorporated 1871. Commenced business 1871. 
JOHN R. FREEMAN, President. THEODORE P. BOGERT, Secretary. 

Home Office, 10 Weybosset Street. 

Income. 
Net premiums, ........ 

Interest on stocks and bonds, $17,670; all other, $1,063.12, 

Total income, ....... 

Ledger assets, Dec. 31, 1905, ...... 

Total, 

Disbursements. 
Net amount paid for losses, ...... 

Profits on terminated policies, . . . . • 

Salaries, fees, etc., of officers and employees, 

Rents, ......... 

Taxes and fees, ........ 

Inspections, ......... 

Reduction in book value of stocks and bonds, . 

All other disbursements, ...... 

Total disbursements, ...... 

Balance, . . . . 

Ledger Assets. 
Stocks and bonds (schedule A), . - . 
Cash in banks, ........ 

Premiums in course of collection, ..... 

Total ledger assets, ...... 

Non-Ledger Assets. 
Interest due on bonds, ....... 

Market value of stocks and bonds over book value, . 

Gross assets, ........ 

Liabilities. 
Unpaid losses, ........ 

Unearned premiums on outstanding risks, 

Taxes accrued, ........ 

All liabilities, except surplus, . . 

Surplus, ......... 

Total liabilities, ....... 



$392,306 87 


18,733 


12 


$411,039 99 


365,235 


30 


$776,275 29 


$16,984 65 


311,194 


96 


6,715 


96 


599 


52 


6,964 


66 


6,381 


47 


6,175 


00 


1,009 


61 


$356,025 


S3 


$420,249 46 


$378,888 48 


34,610 


33 


6,750 


65 


$420,249 46 


1,512 


50 


88,845 


27 


$510,607 


23 


$757 47 


194,638 


65 


7,051 


41 


$202,447 


53 


308,159 


70 


$510,607 


23 



288 



MECHANICS AND TRADERS INSURANCE CO. 



Risks and Premiums. 

Amount. Cash Prem's. Conting't Preni's. 

Risks outs'ding Dec. 31, 1905, $42,722,670 00 $342,856 04 $1,714,280 20 

Risks written during 1906, . 51,696,081 00 408,338 28 2,041,691 40 



Total, . 
Risks expired and terminated, 

In force at end of year, . 



$94,418,751 00 
45,385,964 00 



$751,194 32 
361,917 02 



'>3,755,971 60 
1,809,585 10 



$49,032,787 00 $389,277 30 $1,946,386 50 



Miscellaneous. 
Losses incurred during the year, 
Profits or surplus returned during 1906, 90 per cent. 



$14,521 00 



Schedule A. Stocks and Bonds owned by the Company. 



Railroad Stocks. 
200 shares Atchison, Topeka & Santa F6, pref., 
110 " Chicago, Burlington & Quincy, . 

50 " Ch., Mil. & St. P., pref, 1st instal. pd. 
100 " Chic, Milwaukee & St. P., common, 

25 " Ch., Mil. & St. P., com., 1st instal. pd. 
100 rights Chicago, Milwaukee & St. Paul, . 
100 shares Cleve., Cin., Chic. & St. L., pref., 
180 " Great Northern, preferred, 
180 " Gr. Nor., iron ore properties, 
200 " Manhattan, .... 
100 " Minn., St. P. & St. Ste Marie, pref., 
100 " New York, Lackawanna & Western, 
200 " Northern Pacific, 

5 " Northern Securities Co., 
800 " Pennsylvania, .... 
100 " Rome, Watertown & Ogdensburg, 
200 " Southern, preferred, 
300 " Union Pacific, preferred, . 
Bank Stocks. 

83 shares Nat. Bk. of Com., Providence, R. I., 

Miscellaneous Stocks. 
200 shares American Tel. & Tel. Co., . 
100 " Trovidence Gas Co., 

Bonds. 
United States 4s, 1925, .... 
Rhode Island 3^s, 1934, .... 
American Tel. & Tel. 4s, 1929, . 



Book Value. 

$20,606 87 

13,362 50 

500 00 
17,112 50 

250 00 

10,000 00 
18,000 00 
4,421 13 
29,100 00 
16,012 50 
10,000 00 
16,034 15 
383 76 
40,000 00 
10,000 00 
19,775 00 
26,089 07 

3,315 00 

24,725 00 
10,076 00 

15,000 00 
50,000 00 
24,125 00 

8378,888 48 



Rate. 

99 
202 
100 
1481 
100 

33£ 
110 
181 

79 
1421 
168 
127f 
185i 
165 
138f 
127* 

94 

94 

130 

133* 
209 

1293 

106f 

90 



Market Value. 

$19,800 00 

22,220 00 

500 00 
14,887 50 

250 00 
3,350 00 
11,000 00 
32,580 00 
14,220 00 
28,550 00 
16,800 00 
12,737 50 
37,050 00 

825 00 
55,350 00 
12,750 00 
18,800 00 
28,200 00 

5,395 00 

26,700 00 
10,450 00 

19,443 75 
53,375 00 
22,500 00 

$467,733 75 



MECHANICS' AND TRADERS' INSURANCE COMPANY, 
NEW ORLEANS, LA. 

Incorporated Oct. 15, 1869. Commenced business Nov. 1, 1869. 

Paid-up Capital, S300.000. 
JAMES NICHOLS, President. R. L. EMERY, Secretary. 

Home Office, 144 Carondelet Street. 

Income. 

Net fire premiums, $430,981 .27; marine, $5,437. 12, . . $436,418 39 

Interest on stocks and bonds, $25,468.10; deposits, $486.83, . 25,954 93 

Rents, including company's own occupancy, .... 1,933 33 

Profit on maturity of bonds, ....... 9 65 

Profit and loss, . . . . ■ . . . 661 23 



Total income, 



$464,977 53 



mechanics' and traders' INSURANCE CO. 



289 



Ledger assets, Dec. 31, 1905, ...... 

Total, 

Disbursements. 

Net amount paid for fire losses, $183,323 . 61 ; marine, $4,101 . 48, 
Commissions or brokerage, .... 

Salaries, fees, etc., of officers and employees, 

Rents, including company's own occupancy, 

Repairs and expenses on real estate, 

Real estate taxes, $784; other taxes and fees, $13,251 . 17, 

Adjustment expenses, ..... 

Advertising and subscription, 

Stationery, etc., ...... 

Maps and furniture, ..... 

Postage, express, telegrams and exchange, 
Legal expenses, ...... 

Traveling expenses and field work, . 
Underwriters' boards, ..... 

All other disbursements, .... 

Total disbursements, .... 

Balance, . . « . . 



Ledger Assets. 



Real estate, . 

Stocks and bonds (schedule A), 

Cash in banks, 

Agents' balances, . 

Bills receivable, 



Total ledger assets, ....... 

Non-Ledger Assets. 
Market value of real estate over book value, .... 

Gross assets, ......... 

Assets not admitted. 
Book value of stocks and bonds over market value, . 

Total admitted assets, ....... 

Liabilities. 

Unpaid losses, including $1,960 resisted, $43,704.52; less reinsur- 
ance, $21,159.55, 

Unearned premiums on outstanding risks, . $274,464 06 

Plus same on disallowed reinsurance, . . 5,369 32 



All liabilities, except capital and surplus, 
Surplus to policy holders, ' . 
Paid-up capital, ..... 
Surplus over capital and general liabilities, 

Total liabilities, .... 



$500,464 95 



$709,713 13 
1,174,690 66 



$187,425 09 

88,787 92 

26,975 04 

300 00 

1,517 37 

14,035 17 

2,414 73 

907 19 

2,237 50 

230 11 

1,862 14 

1,204 96 

3,045 45 

2,750 63 

1,789 11 

$335,482 41 

$839,208 25 

$22,000 00 

738,691 70 

48,672 01 

28,177 57 

1,666 97 

$839,208 25 



1,500 00 
$840,708 25 



37,864 95 
$802,843 30 

$22,544 97 
279,833 38 

$302,378 35 

300,000 00 
200,464 95 

$802,843 30 



290 



MERCANTILE MUTUAL FIRE INSURANCE CO. 



Risks and Premiums. 
















Premiums. 


Fire risks outstanding, Dec. 31, 1905, 


. $44,609,125 00 


$577,324 82 


Fire risks written during 1906, 




. 47,268,016 


00 


652,223 24 


Total, . . . 




. $91,877,141 


00 $1,229,548 06 


Risks expired and terminated, 




. 38,300,196 00 
. $53,576,945 00 


546,504 98 


In force at end of year, . 


$683,043 08 


Amount reinsured, 




. 11,353,427 00 

. $42,223,518 00 


155,939 65 


Net amount in force, 


$527,103 43 


Marine risks written during 1906, . 




. $2,134,444 00 


$10,408 47 


Risks expired and terminated, 




2,134,444 00 


10,408 47 


Miscellaneous. 








Premiums received from organization of company, . 




. $9,530,213 00 


Losses paid from organization of company, 








5,166,308 00 


Fire losses incurred during the year, 








197,013 00 


Inland marine losses incurred during the year 


> 






1,475 00 


Cash dividends declared from organization of 


company 






1,178,337 00 


Company's stock owned by directors, 








151,100 00 


Schedule A. Stocks and Bonds owned by the 


Company. 


Bank Stocks. 


Book Value. 


Rate. 


Market Value . 


12 shares Canal-La., B. & T. Co., N. Orleans, La., 


$1,430 


00 


195 


$2,340 00 


200 " Com.-Ger. T. & Sav., N. Orleans, La., . 


84,000 


00 


420 


84,000 00 


6 " Hibernia Bk. & T. Co., N. Orleans, La., 


1,499 


70 


565 


3,390 00 


50 " Metropolitan, New Orleans, La., 


10,803 


75 


210 


10,500 00 


Miscellaneous Stocks. 










30 shares Nat. Acid Co., New Orleans, La., . " 


3,900 


00 


130 


3,900 00 


50 " St. Cot. Seed Oil Co., N. Orleans, La., 


3,750 


00 


20 


500 00 


200 " St. Guano & CM Co., N. Orleans, La., 


40,000 


00 


140 


28,000 00 


State and Municipal Bonds. 










Atehfalaya District Levee 5s, 1949, opt. '39, 


38,725 


00 


106$ 


37,275 00 


Fifth District Levee 5s, 1950-54, opt. '40 and '44, 


32,350 


00 


105* 


31,762 50 


Lafourche Basin Levee 5s, 1954, opt. '44, . 


26,875 


00 


107 


26,750 00 


Louisiana 4s, 1914, . 


1 50,903 


75 


100$ 


145,725 00 


New Orleans, La., 4s, 1942, opt. '26, . 


55,411 


25 


100$ 


52,260 00 


New Orleans, La., 5s, .... . 


7,868 


25 


233i 


9,096 75 


New Orleans, La., 4s, 1950, opt. '40, . 


242,165 


00 


lOOf 


226,687 50 


Red R. At. & Bay. Bo. Dist. Levees 5s, 1953, opt. '50, 


32,950 


00 


107 


32,100 00 


Railroad Bonds. 










New Orleans City & Lake 5s, 1943, 


6,060 


00 


109 


6,540 00 






$738,691 


70 


$700,826 75 



MERCANTILE MUTUAL FIRE INSURANCE COMPANY, 
PROVIDENCE, R. I. 

Incorporated May, 1884. Commenced business August, 1884. 
HENRY T. GRANT/ President. ALFRED U. EDDY, Secretary. 

Home Office, 10 Weybosset Street. 

Income. 
Net premiums, ......... $228,349 02 

Interest on collaterals, $211.26; stocks and bonds, $11,807.81; 

allother, $1,567.91, . 13,586 98 

Profit on sale of stocks, ........ 18,866 00 



Total income, 



$260,802 00 



MERCANTILE MUTUAL FIRE INSURANCE CO. 



291 



Ledger assets, Dec. 31, 1905, .... 
Total, 

Disbursements. 
Net amount paid for losses, .... 

Profits on terminated policies, 

Salaries, fees, etc., of officers and employees, 

Rents, ....... 

Taxes and fees, ...... 

Travel and inspection, ..... 

All other disbursements, .... 

Total disbursements, .... 

Balance, ...... 

Ledger Assets. 

Loans secured by collateral (schedule A), 

Stocks and bonds (schedule B), 

Cash in bank, ...... 

Premiums in course of collection, 

Total ledger assets, .... 

Non-Ledger Assets. 
Interest due: — 
On collateral loans, $126.67; other assets, $10.20, 
Market value of stocks and bonds over book value, 

Gross assets, ...... 

Liabilities. 
Unpaid losses, ...... 

Unearned premiums on outstanding risks, 
Taxes accrued, ...... 

All liabilities, except surplus, . 
Surplus, ....... 

Total liabilities, ..... 

Risks and Premiums. 

Amount. 

Risks outs'ding Dec. 31, 1905, $23,411,782 00 
Risks written during 1906, . 26,882,365 00 



Cash Prem's. 

$217,114 93 
245,343 58 



Total, . . .• ' ■■ $50,294,147 00 

Risks expired and terminated, 25,396,466 00 



$462,458 51 
233,746 76 



$190,923 41 
$451,725 41 



$25,832 62 
185,349 01 
15,016 70 
1,350 00 
4,507 09 
3,844 84 
2,896 10 

$238,796 36 

$212,929 05 



$3,800 00 

138,786 25 

65,871 84 

4,470 96 

$212,929 05 



136 87 
29,108 75 

$242,174 67 



$8,404 57 

114,355 87 

4,574 23 

$127,334 67 
114,840 00 

$242,174 67 



Conting't Prem's. 

SI, 085,574 65 
1,226,717 90 

$2,312,292 55 
1,168,733 80 



In force at end of year, 



. $24,897,681 00 $228,711 75 $1,143,558 75 



Miscellaneous. 
Losses incurred during the year, .... 
Profits or surplus returned during 1906, 85.08 per cent. 



$32,558 00 



292 



MERCHANTS MUTUAL FIRE INSURANCE CO. 



Schedule A. Securities held as Collateral. 



30 shares National Bank of Commerce, 
13 " American Screw Co., . 
5 " American Tel. & Tel. Co., . 



Schedule B. Stocks and Bonds 

Railroad Stocks. 
120 shares Boston & Maine, 
100 " Chic. & East. Illinois, preferred, 
100 " Union Pacific, preferred, . 

Miscellaneous Stocks. 
100 shares American Express^ Co., 
100 ' 
100 
150 
100 



American Tel. & Tel. Co., . 
Cumberland Tel. & Tel. Co., 
Rhode Island Investment Co., . 
Wells, Fargo Co., . . 

Bonds. 
Japanese 4£s, 1925, ..... 
United States reg. 3s, 1918, 
Clyde S.S. Co. 5s, 1931, .... 
N. Y. Gas, Elec. L., H. & Power Co. 5s, 1948, 



Company's 
Market Value. 


Loaned 
Thereon. 


. $1,800 00 I 

2,275 00 f 

680 00 J 


$3,800 00 


$4,755 00 


$3,800 00 


5 OWNED BY THE 


COMP. 


INY, 


Book Value. 


Rate. 


Market Value. 


$22,825 00 

13,300 00 

8,425 00 


161 

125 

94 


$19,320 00 

12,500 00 

9,400 00 


11,075 00 
12,200 00 
11,623 75 
15,250 00 
13,025 00 


240 

133^ 

115 

122 

298 


24,000 00 
13,350 00 
11,500 00 
18,300 00 
29,800 00 


4,575 00 
10,987 50 
10,000 00 

5,500 00 


90 

ioi| 

99 
103 


4,500 00 

10,175 00 

9,900 00 

5,150 00 


$138,786 25 


$167,895 00 



MERCHANTS' MUTUAL FIRE INSURANCE COMPANY, 
PROVIDENCE, R. I. 

Incorporated Oct. 12, 1874. Commenced business Nov. 1, 1874. 
WILLIAM B. McBEE. President. JAMES H. SWEET, Secretary. 

Home O/Jice, 10 Weybosset Street. 

Income. 

Net premiums, $357,973 42 

Interest on stocks and bonds, $15,071.74; deposits, $2,626.59, . 17,698 33 

Profit on sale of stock, ........ 3,337 50 

Dividend Lime Rock National Bank in liquidation, . . . 250 00 

Total income, $379,259 25 

Ledger assets, Dec. 31, 1905, 376,303 30 

Total, . $755,562 55 

Disbursements. 

Net amount paid for losses, ....... $15,304 44 

Profits on terminated policies, ...... 294,684 00 

Salaries, fees, etc., of officers and employees, .... 6,423 54 

Rents, 879 96 

Taxes and fees, . . . . . . . . 6,3.28 61 

Reduction in book value of securities, ..... 4,540 79 

Inspections, . . 5,202 48 

All other disbursements, . . . . . . . 1,310 40 

Total disbursements, $334,674 22 

Balance, $420,888 33 



MERCHANTS MUTUAL FIRE INSURANCE CO. 



203 



Ledger Assets. 
Stocks and bonds (schedule A), 
Cash in banks, ....... 

Premiums in course of collection, .... 

Total ledger assets, ..... 

Non-Ledger Assets. 
Interest accrued on bonds, ..... 
Market value of stocks and bonds over book value, . 

Gross assets, ....... 

Liabilities. 
Unpaid losses, . . . . 

Unearned premiums on outstanding risks, 
Taxes, ........ 

All liabilities, except surplus, .... 
Surplus, ........ 

Total liabilities, ...... 



$365,913 00 

49,352 48 

5,622 85 

$420,888 33 



1,158 34 

57,700 81 

$479,747 48 



$522 84 

177,818 88 

6,079 34 

$184,421 06 
295,326 42 

$479,747 48 



Risks and Premiums. 

Amount. 

Risks out'sding Dec. 31, 1905, $38,537,267 00 
Risks written during 1906, . 47,063,988 00 



Cash Prem's. Conting't Prem's. 

$311,471 73 $1,557,358 65 
372,462 38 1,862,311 90 



Total, . . . . 

Risks expired and terminated, 

In force at end of year, . 



$85,601,255 00 
40,942,478 00 



5683,934 11 $3,419,670 55 
328,296 34 1,641,481 70 



$44,658,777 00 $355,637 77 $1,778,188 85 



Miscellaneous. 
Losses incurred during the year, .... 
Profits or surplus returned during 1906, 93.96 per cent. 



$13,695 00 



Schedule A. Stocks and Bonds owned by the Company. 



50 shares 


50 


a 


25 


tt 


100 


a 


100 


rights 


162 shares 


150 


it 


150 


(i 


240 


tt 


100 


it 


100 


tt 


200 


it 


200 


it 


100 


tt 


471 


it 


50 


tt 


85 


it 


50 


tt 


100 


tt 


50 


it 


50 


tt 


100 shares 


50 


it 


82 


tt 



Railroad Stocks. Book Value. 

Albany & Susquehanna, . . . $12,150 00 

Ch., Mil. & St. P., pref., 1st instal. pd., 500 00 

Ch., Mil. & St. P., com., 1st instal. pd., 250 00 

Chic, Mil. & St. Paul, common, 17,000 00 

Chicago, Milwaukee & St. Paul, . . - 

Chicago & Northwestern, . . . 16,200 00 

Cleve., Cin., Chic. & St. L., pref., . 17,750 00 

Hereford, 15,000 00 

Illinois Central, .... 24,000 00 

Illinois Central leased lines, . . 10,400 00 

Mahoning Coal, preferred, . . 5,000 00 

Manhattan Elevated, . . . 28,000 00 

Morris & Essex, .... 18,600 00 

N. Y., Lackawanna & Western, . . 12,900 00 

Pennsvlvania, .... 29,673 00 

Pittsburg, Bess. & Lake Erie, pref., . 2,500 00 

Pittsburg, Ft. Wayne & Chicago, ' . 14.620 00 

Rensselaer & Saratoga, . . . 9,900 00 

Rome, Watertown & Ogdensburg, . 10,000 00 

St. Louis Bridge Co., preferred, . ' . 7,250 00 

Upper Coos, . . . . . 7,450 00 

Bank Stocks. 

Lime Rock Nat.. Providence, R. I., . 250 00 

Mechanics Nat., Providence, R. I., .. 2,500 00 

Merchants National, Providence, R. I., 4,100 00 



Kate. 
245 
100 
100 
148|- 

333 
198§ 
110 

97 
165* 
103 
100 
142f 
182 
127f 
138| 
145 
173 
200 
1273 
140 
145 



110 
160 



Market Value. 

$12,250 00 

500 00 

250 00 

14,887 50 

3,350 00 
32,116 50 
16,500 00 
14,550 00 
39,720 00 
10,300 00 

5,000 00 
28,550 00 
18,200 00 
12,737 50 
32,587 31 

3,625 00 
14,705 00 
10,000 00 
12,750 00 

7,000 00 

7,250 00 



2,750 00 
6,560 00 



294 



MICHIGAN COMMERCIAL INSURANCE CO. 



Miscellaneous Stocks. 
100 shares American Tel. & Tel. Co., . 
50 " Gold & Stock Telegraph Co., 
Government and State Bonds. 
United States 4s, 1925, 
Rhode Island 34s, 1924, . 
Rhode Island 3s, 1936, 

Railroad Bonds. 
Chicago, Burlington & Quincy 3^s, 1949, 
Long Island guar. ref. 4s, 1949, 
Nor. Pac. & Gt. Nor. (C, B. & Q. coll.) 4s, 1921, 
United Traction & Electric Co. 5s, 1933, . 



Book Value. 

$13,800 00 

6,250 00 

9,000 00 
30,000 00 
10,000 00 

2,000 00 

4,950 00 

13,920 00 

10,000 00 

$365,913 00 



Rate. 
1334 
110 

129f 

104^ 

97j 

92 
99 

961 
1084 



Market Value. 

$13,350 00 

5,500 00 

11,666 25 

31,462 50 

9,762 50 

1,840 00 

4,950 00 

28,093 75 

10,850 00 

$423,613 81 



MICHIGAN COMMERCIAL INSURANCE COMPANY, LANSING, MICH. 

Incorporated Dec. 7, 1904. Commenced business Jan. 1, 1905. 

Paid-up Capital, $300,000. 

FRANK A. HOOKER, President. A. D. BAKER, Secretary. 

Home Office, 118 W. Ottawa Street. 



Income. 
Net fire premiums, ... ..... 

Interest on mortgage loans, $8,678.90; collaterals, $2.38; bonds, 

$8,247.50; all other, $3,805.79, . 

Profit on sale of bonds, ........ 

Premium on increase in capital, 

Total income, ........ 

Ledger assets, Dec. 31, 1905, plus $100,000 increase in capital, . 

Total, 

Disbursements. 
Net amount paid for fire losses, 
Commissions or brokerage, 
Salaries, fees, etc., of officers and employees, 
Rents, including company's own occupancy, 
Taxes and fees, ..... 

Premiums on bonds purchased, 
Adjustment expenses, .... 

Advertising and printing, 

Legal expenses, . 

Furniture and fixtures, . 

Maps, ....... 

Postage, express, telegrams, telephone and freight, 

Office supplies, . . 

Traveling expenses, 

Patrol and inspections, .... 

All other disbursements, 

Total disbursements, 

Balance, ..... 

Ledger Assets. 

Real estate, $7,500; mortgages, $282,562.50, . 
Bonds (schedule A), 



$583,540 86 

20,734 57 

4,290 00 

70,000 00 



,565 43 
541,424 70 



$1,219,990 13 


$133,996 38 

134,896 96 

40,662 63 

900 00 


19,086 


68 


981 


25 


3,063 


60 


12,590 


30 


681 


92 


1,179 


75 


4,470 


70 


6,383 
3,296 


12 

65 


21,587 


19 


3,779 


03 


1,822 


58 


$389,378 74 


$830,611 


39 


$290,062 50 
324,898 00 



MICHIGAN COMMERCIAL INSURANCE CO. 295 

Cash in banks and office, $78,756 12 

Agents' balances, . . . 136,894 77 



Total ledger assets, . . . . . . . . $830,61139 

Non-Ledger Assets. 
Interest due and accrued : — 
On mortgages, $3,944; bonds, $4,235.91; other assets, $509.19, 8,689 10 

Market value of bonds over book value, ..... 2,586 25 



Gross assets, $841,886 74 

Assets not admitted. 

Agents' balances over three months due, . . - . $199 10 

Special deposits less $494.89 liability thereon, . . 24,867 61 

Total unadmitted assets, . . . 25,066 71 



Total admitted assets, $816,820 03 

Liabilities. 
Unpaid losses, including $3,375 resisted, . . $85,299 31 

Less reinsurance, . . . • . ■ - • • 18,581 03 $66,718 28 

Unearned premiums on outstanding risks, . . . . 451,153 15 

Commissions and other charges due agents and brokers, . . 4,447 19 



All liabilities, except capital and surplus, .... $522,318 62 

Paid-up capital, $300,000 00 

* Impairment of capital, .... 5,498 59 

Surplus to policy holders, . . . . • . . . 294,501 41 



Total liabilities, $816,820 03 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1905, 
Fire risks written during 1906, 

Total, 

Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, 



Premiums. 

$28,690,649 00 $354,903 67 
76,272,059 00 955,357 95 



$104,962,708 00 $1,310,261 62 
39,085,540 00 486,116 05 



,877,168 00 $824,145 57 
4,397,910 00 55,481 09 



Net amount in force, .... $61,479,258 00 $768,664 48 

Miscellaneous. 

Premiums received from organization of company, . . . $893,214 00 

Losses paid from organization of company, .... 201,447 00 

Fire losses incurred during the year, ..... 178,463 00 

Company's stock owned by directors, ..... 152,400 00 

* Dec. 31, 1906, the premiums on risks of this company, reinsured in companies not licensed to 
transact business in Massachusetts, amounted to $134,027.20, and under the statutes of this Com- 
monwealth no credit can be allowed for such re-insurance, and the company is, therefore, charged 
a liability for the unearned premiums on all such risks. Had this reinsurance been effected with 
licensed companies, its surplus would have been $61,515.01. Since December 31 last a large 
amount of this reinsurance has been transferred to licensed companies and a statement duly 
verified by examination by the Insurance Commissioner of Michigan, showing the condition of this 
company June 10 on the basis required by the laws of the Commonwealth of Massachusetts, shows 
that the company had a surplus of $38,377.25 on that date. 



296 



MIDDLESEX MUTUAL ASSURANCE CO. 



Schedule A. Bonds owned 

Government Bonds. 
United States 4s, 1907, . 
United States reg. 3s, 1918, 

County and Municipal Bonds. 
Albion, Mich., 4s, 1908, . 
Albion, Mich., 4s. 1909, . 
Albion, Mich., 4s, 1914, op. 1910, 
Antrim County, Mich., 5s, 1907, 
Blissfield, Mich., 4s, 4918, op. 1914, 
Croswell, Mich., 4^s, 1914, 
Dowagiac, Mich., 4s, 1912, op. 1907, 
Fairview, Mich., 4^s, 1935, 
Holland, Mich., 4^s, 1911, op. 1907, 
Houghton, Mich., 5s, 1935, . . 

Jackson, Mich., 4s, 1926, . 
Kalamazoo, Mich., 4^s, 1913, op. 1910, 
Lansing, Mich., 4s, 1912, op. 1907, 
Oakland Count y, Mich., 4s, 1911, 
Oakland County, Mich., 4s, 1912, 
Portland, Mich., 4s, 1915, 
Portland, Mich., 4s, 1920, 
Saugatuck, Mich., 5s, 1922, 
Shiawassee County, Mich., 4s, 1909, 
Shiawassee County, Mich., 4s, 1912, 
Shiawassee County, Mich., 4s, 1915, 



BY THE 


Company. 




Book Value. 


Rate. 


Market Value. 


$10,000 


00 


101 


$10,100 00 


15,000 


00 


lOlf 


15,262 50 


4,000 


00 


99£ 


3,995 00 


4,000 


00 


99f 


3,990 00 


10,000 


00 


99f 


9,975 00 


4,000 


00 


100 


4,000 00 


10,000 


00 


99 


9,900 00 


9,000 


00 


100 


9,000 00 


18,000 


00 


99f 


17,887 50 


15,000 


00 


100 


15,000 00 


38,000 


00 


100 


38,000 00 


18,000 


00 


111 


19,980 00 


50,000 


00 


100 


50,000 00 


28,000 


00 


101i 


28,350 00 


54,898 


00 


100 


54,898 00 


8,000 


00 


100 


8,000 00 


2,000 


00 


100 


2,000 00 


9,500 


00 


99 


9,405 00 


500 


00 


98^ 


492 50 


3,000 


00 


105 


3,150 00 


5,000 


00 


100| 


5,018 75 


4,000 


00 


100f 


4,030 00 


5,000 


00 


101 


5,050 00 


$324,898 


00 


$327,484 25 



MIDDLESEX MUTUAL ASSURANCE COMPANY, MIDDLETOWN, CONN * 

Incorporated June 2, 1836. Commenced business June 13, 1836. 
I. VINCENT COFFIN, President. CHAS. W. HARRIS, Secretary. 

Home Office, 151 Main Street. 

Income. 

Net fire premiums, $119,655 39 

Interest on stocks and bonds, ...... 30,808 73 

Rents, . . 10,099 16 

Total income, ...... 

Ledger assets, Dec. 31, 1905, ..... 

Total, 

Disbursements. 
Net amount paid for fire losses, .... 

Commissions or brokerage, 

Salaries, fees, etc., of officers and employees, 

Repairs and expenses on real estate, 

Real estate taxes, $2,949.26; other taxes and fees, $1,867 

Advertising and stationery, ..... 

Premiums and accrued interest on securities purchased, 
Postage, ........ 

Insurance on real estate and surety bonds, 
Traveling expenses and appraisals, .... 

All other disbursements, ..... 

Total disbursements, ..... 

Balance, ....... 



. $160,563 28 

773,485 76 


. $934,049 04 


$67,142 

19,492 

22,621 

1,520 

.24, . 4,816 

923 


58 
42 
00 
46 
50 
48 


412 


81 


791 


69 


. - 1,760 
803 


71 

55 


2,099 


12 


. $122,384 32 


. $811,664 72 



* A mutual company. 



MIDDLESEX MUTUAL ASSURANCE CO. 



297 



Ledger Assets. 
Real estate, ....... 

Stocks and bonds (schedule A), 

Cash in banks, ...... 

Agents' balances, ...... 

Total ledger assets, .... 

Non-Ledger Assets. 
Market value of stocks and bonds over book value, 

Gross assets, ...... 

Assets not admitted. 

Agents' balances over three months due, . 
Book value of real estate over market value, . 
Total unadmitted assets, . 

Total admitted assets, .... 

Liabilities. 

Unpaid losses, including $1,050 resisted, . 
Unearned premiums on outstanding risks, 
Plus same on disallowed reinsurance, 

All liabilities, except surplus, . 
Surplus, ....... 



55,567 11 
5,000 00 



$192,383 97 
34 68 



Total liabilities, 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1905, 
Fire risks written during 1906, 

Total, .' 

Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, 

Net amount in force, . 

Miscellaneous 
Losses paid from organization of company, 
Fire losses incurred during the year, 

Schedule A. Stocks and Bonds 

Railroad Stocks. 
380 shares Chicago & Northwestern, common, 
100 " Chicago & Northwestern, preferred, 
200 " Illinois Central, .... 
100 " Louisville & Nashville, 
605 " New York, New Haven & Hartford,. . 
800 " Pennsylvania, ..... 
200 " Union Pacific, 

Bank Stocks. 
30 shares Central National, Middletown, Conn., . 
40 " First National, Middletown, Conn., 



,283,104 00 
15,541,609 00 



$194,000 00 

561,700 00 

34,319 81 

21,644 91 

$811,664 72 



150,946 25 
$962,610 97 



10,567 11 
$952,043 86 

$10,138 06 

192,418 65 

$202,556 71 
749,487 15 

$952,043 86 

Premiums. 

$400,750 74 
126,632 70 



$63,824,713 00 $527,383 44 
16,448,722 00 141,061 89 



$47,375,991 00 
36,900 00 



$386,321 55 
219 56 



$47,339,091 00 $386,101 99 



. 


. $1 


,695,630 00 


. 


• 


66,870 00 


OWNED BY THE 


Company. 


Book Value. 


Rate. 


Market Value. 


$38,000 00 


198* 


$75,335 00 


10,000 00 


230 


23,000 00 


20,000 00 


165* 


33,100 00 


10,000 00 


143* 


14,312 50 


60,500 00 


190* 


115,252 50 


40,000 00 


138| 


55,350 00 


20,000 00 


180* 


36,050 00 


2,250 00 


80 


1,800 00 


4,000 00 


100 


4,000 00 



298 



MILWAUKEE FIRE INSURANCE CO. 



42 shares Middlesex County N'l, Middlet'n, Conn 
150 " Middletown National, Conn., 

Miscellaneous Stocks. 
34 shares Omaha Water Co., 1st preferred, 
56 " Omaha Water Co., 2d preferred, 
Municipal Bonds. 
East Orange, N. J., 4s, 1933, 
Middletown, Conn., 4s, 1908, 
Portland, Conn., 3$s, 1909, 

Railroad Bonds. 
Baltimore & Ohio (Southwestern Div.) 3^s, 1925, 
Buffalo & Susquehanna 4s, 1951, 
Burlington, Cedar Rapids & Northern 5s, 1934, 
Chicago & Eastern Illinois 5s, 1937, . 
Cincinnati, Ind. & Western 4s, 1953, . 
Cleve., Cin., Chic. & St. Lo. (Cairo Div.) 4s, 1939, 
Iowa Falls & Sioux City 7s, 1917, 
Kansas City, Fort Scott & Memphis 4s, 1936, 
Louisville & Nashville 4s, 1940, 
Missouri Pacific (Central Branch) 4s, 1919, 
N. Y., New Haven & Hartford conv. 3£s, 1956, 
Pennsylvania convertible 3^s, 1912, . 
St. Paul, Minn. & Manitoba 6s, 1933, 

Miscellaneous Bonds. 
Continental Coal Co. 5s, 1952, . 
Nebraska Loan & Trust Co. 6s, 1905, 
Nebraska Loan & Trust Co. 6s, 1901, 
Omaha Water Co. 5s, 1946, 
W. & B. Douglas 6s, 1917, 



Book Value. 


Rate. 


Market Value. 


l., $4,200 00 


90 


$3,780 00 


11,250 


00 


109 


12,262 50 


1,200 


00 








800 


00 


- 


- 


15,000 


00 


101f 


15,243 75 


3,000 


00 


99i 


2,985 00 


26,000 


00 


98£ 


25,610 00 


40,000 


00 


90^ 


36,200 00 


10,000 


00 


96i 


9,650 00 


10,000 


00 


116 


11,600 00 


10,000 


00 


116 


11,600 00 


10,000 


00 


94 


9,400 00 


40,000 


00 


99| 


39,750 00 


10,000 


00 


123f 


12,375 00 


12,000 


00 


82 


9,840 00 


40,000 


00 


100 


40,000 00 


10,000 


00 


95 


9,500 00 


22,500 


00 


112 


25,200 00 


20,000 


00 


98 


19,600 00 


25,000 


00 


132 


33,000 00 


10,000 


00 


104 


10,400 00 


10,000 


00 


20 


3,000 00 


1,000 


00 


20 


700 00 


10,000 


00 


80 


8,000 00 


5,000 


00 


95 


4,750 00 


$561,700 00 


$712,646 25 



MILWAUKEE FIRE INSURANCE COMPANY, MILWAUKEE, WIS. 

Incorporated March 22, 1898. Commenced business March 23, 1898. 

Paid-up Capital, $200,000. 

WM. L. JONES, President. H. A. NOLTE, Secretary. 

Home Office, 4^2 City Hall Square. 

Income. 
Net fire premiums, 



Interest on mortgage loans, $11,226.94; stocks and bonds, $14,- 

223.22; deposits, $1,599.90, 

Stockholders' contribution to surplus, ..... 

Total income, ........ 

Ledger assets, Dec. 31, 1905, .... 

Total, . 

Disbursements 
Net amount paid for fire losses, 
Dividends to stockholders, 
Commissions or brokerage, 
Salaries, fees, etc., of officers and employees, 
Rents, ...... 

Taxes and fees, ..... 

Loss on sale or maturity of ledger assets, . 
Paid reinsurance company under treaty, . 
Advertising, printing and stationery, 
Agents' balances charged off, . 



$307,694 44 

27,050 06 
150,000 00 

$484,744 50 
682,713 32 

$1,167,457 82 



$321,743 50 

10,000 00 

84,906 39 

19,663 75 

700 00 

13,905 88 

11,398 34 

2,443 70 

2,653 76 

310 81 



MILWAUKEE FIRE INSURANCE CO. 



299 



Ledger Assets. 



Traveling and adjusting, 
All other disbursements, 

Total disbursements, 

Balance, 

Mortgages, .... 
Stocks and bonds (schedule A), 
Cash in banks and office, 
Agents' balances, . 
Due from other company, 

Total ledger assets, ...... 

Non-Ledger Assets. 
Interest accrued : — 
On mortgages, $3,923.59; bonds, $2,579.17, . 
Market value of stocks and bonds over book value, . 

Gross assets, ........ 

Assets not admitted. 
Agents' balances over three months due, .... 

Total admitted assets, ...... 

Liabilities. 

Unpaid losses, including $2,053.24 resisted, . $42,247 

Less reinsurance, ..... 3,966 



Unearned premiums on outstanding risks, 
Plus same on disallowed reinsurance, 
Due reinsuring company under treaty, 

All liabilities, except capital and surplus, 
Surplus to policy holders, 
Paid-up capital, ..... 
Surplus over capital and general liabilities, 



$292,032 
509 



$343,507 66 



Total liabilities, 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1905, 
Fire risks written during 1906, 

Total, 

Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, 

Net amount in force, 



$52,653,589 
34,695,137 



58,362 90 
9,645 30 



$485,734 33 



,723 49 



$342,650 00 

280,832 50 

19,519 96 

37,751 92 

969 11 

$681,723 49 



6,502 76 
2,751 25 

$690,977 50 



492 70 



$690,484 80 



06 
31 

— $38,280 75 
53 

02 292,541 55 
16,154 84 



$346,977 14 

200,000 00 
143,507 66 

$690,484 80 



Premiums. 

00 $610,866 69 
00 415,857 03 



$87,348,726 
32,863,717 



00 $1,026,723 72 
00 402,971 19 



$54,485,009 
5,362,591 



00 $623,752 53 
00 64,722 69 



$49,122,418 00 $559,029 84 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, 



. $2,225,258 00 
. 1,266,897 00 



300 



MILWAUKEE MECHANICS' INSURANCE CO. 



Fire losses incurred during the year, 
Cash dividends declared from organization of company, 
Dividends declared during the year (5 per cent.), 
Company's stock owned by directors, 



$330,779 00 
20,000 00 
10,000 00 
55,660 00 



Schedule A. Stocks and Bonds owned by the Company. 

Bank Stocks. 
67 shares Wisconsin National, Milwaukee, Wis., 

Municipal Bonds. 
New York, N. Y., 3|s, 1953, 

Railroad Bonds. 
Atlantic Coast Line 4s, 1952, 
Chicago, Rock Island & Pacific 4s, 1934, 
Flint & Pere Marquette (Pt. Huron Div.) 5s, 1939 
Grand Rapids & Indiana 4^s, 1941, 
Louis. & Nash. (N., O. & M.)_lst mtge. 6s, 1930, 
Milwaukee Light, Heat & Traction 5s, 1929, 
N. Y. Cent. & Hudson R. (M. C. coll.) 3£s, 1998, 
Southern (Atlantic & Danville) 4s, 1948, 
Wabash (Omaha Division) 3^s, 1941, 
Western Maryland 4s, 1952, 
Wisconsin Central 4s, 1949, 

Miscellaneous Bonds. 
Niagara Falls Hydraulic P. & Mfg. Co. 4s, 1920, 
Union Electric Light & P. Co., St. Louis, 5s, 1932, 



Book Value. 


Rate. 


Market Value. 


$14,740 


00 


220 


$14,740 00 


9,150 


00 


91i 


9,150 00 


33,687 


50 


96 


33,600 00 


22,625 


00 


90 


22,500 00 


10,275 


00 


108 


10,800 00 


17,467 


50 


105 


17,850 00 


18,450 


00 


124i 


18,618 75 


25,875 


00 


104 


26,000 00 


42,250 


00 


85i 


42,750 00 


9,050 


00 


95 


9,500 00 


28,262 


50 


82 


28,700 00 


8,250 


00 


82 


8,200 00 


21,750 


00 


88^ 


22,125 00 


9,000 


00 


90^ 


9,050 00 


!, 10,000 


00 


100 


10,000 00 


$280,832 


50 


$283,583 75 



WM. 



MILWAUKEE MECHANICS' INSURANCE COMPANY, 
MILWAUKEE, WIS. 

Incorporated Feb. 15, 1852. Commenced business April 1, 1852. 
Paid-up Capital, $500,000. 
L. JONES, President. OSCAR GRIEBLING, Secretary 

Home Office, Jf.Jf.2 City Hall Square. 

Income. 
Net fire premiums, .... 

Interest on mortgage loans, $57,902.87; 
stocks and bonds, $58,565.51; all other, $ 
Rents, including company's own occupancy, 
Profit on sale of stocks and bonds, . 
Profit and loss, ..... 
Increase in book value of securities, 
Premium on increase in capital, 



collaterals, 
1,033.79, 



,750 



Total income, 
Ledger assets, Dec. 31, 1905, plus 



,000 increase in capital, 



,396,494 11 

122,252 17 

3,970 00 

3,212 67 

677 34 

7,120 00 

300,000 00 



Total, 



Disbursements. 



Net amount paid for fire losses,* 
Dividends to stockholders, 



$1,833,726 29 
3,525,654 60 

$5,359,380 89 



1,936,073 56 
, 40,000 00 



* At the time of the San Francisco conflagration and for some years prior thereto this company- 
was operating under the Safety Fund Law of Wisconsin and its policies so stated. Under the 
provisions of said statute the Insurance Commissioner of Wisconsin made an examination and par- 
titioned the assets of this company, setting aside for the payment of all claimants on April 21, 
1906, a fund, which, with the accumulations thereon, amounted to $1,551,648.09. Of this amount 
there had been disbursed prior to Dec. 31, 1906, for the payment of losses $1,391,896.10, leav- 
ing a balance of $159,751.99, which the company carries as a liability and the payment of which 
will discharge its legal liabilities on account of the losses and claims occasioned by the San Fran- 
cisco conflagration. 



MILWAUKEE MECHANICS INSURANCE CO. 



301 



Commissions or brokerage, 

Salaries, fees, etc., of officers and employees, 

Rents, including company's own occupancy, 

Repairs and expenses on real estate, 

Real estate taxes, $1,817.23; other taxes and fees, $58,762.37, 

Loss on sale or maturity of bonds, . 

Reduction in book value of securities, 

Advertising, printing and stationery, 

Legal expenses, ..... 

Furniture and fixtures, .... 

Paid reinsuring company under treaty, 

Traveling and adjusting expenses, . 

All other disbursements, 

Total disbursements, 

Balance, ..... 

Ledger Assets. 

Real estate, $121,000; mortgages, $1,105,202.28, 

Loans secured by collateral (400 shares First Nat'l Bank, Mil.), 

Stocks and bonds (schedule A), 

Cash in banks and office, ...... 

Agents' balances, . . . . . ... 

Deposit with Milwaukee Board of Fire Underwriters, 
Due from other companies, ..... 

Total ledger assets, . . 

Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $19,714.78; bonds, $9,658.33; collateral loans, 

$320.83, 

Market value of stocks and bonds over book value, . 

Gross assets, ......... 



$361,185 47 

100,796 87 

6,208 25 

137 20 

60,579 60 

3,173 75 

34,622 50 

16,416 46 

1,940 06 

759 14 

895 57 

18,974 51 

46,637 64 

$2,628,400 58 

$2,730,980 31 



$1,226,202 28 

35,000 00 

1,084,707 50 

179,386 40 

200,881 79 

100 00 

4,702 34 

$2,730,980 31 



29,693 94 
14,189 10 

5,774,863 35 



Assets not admitted. 

Agents' balances over three months due, 
Special deposits less $34,189 . 24 liability thereon, 
Deposit with Mil. Board of Fire Underwriters, . 
Total unadmitted assets, . 

Total admitted assets, 

Liabilities. 

Unpaid losses other than San Francisco claims, 
Less reinsurance, ...... 



San Francisco claims payable from Safety Fund,* 
Net amount of unpaid losses and claims, . 
Unearned premiums on outstanding risks, 
Plus same on disallowed reinsurance, 
Due from reinsuring company under treaty, 

All liabilities, except capital and surplus, . 



$1,495 08 

44,368 26 

100 00 



45,963 34 
$2,728,900 01 



,091 94 
12,152 02 

$67,939 92 
159,751 99 

$227,691 91 

,435,945 38 

2,324 84 1,438,270 22 
95,646 22 



,761,608 35 



* See note on page 300. 



302 



MILWAUKEE MECHANICS INSURANCE CO. 



Surplus to policy holders, 

Paid-up capital, ..... 

Surplus over capital and general liabilities, 



$967,291 66 



Total liabilities, 



Fire risks outstanding Dec. 31, 1905, 
Fire risks written during 1906, 



$500,000 00 
467,291 66 

2,728,900 01 



Risks and Premiums. 

Premiums. 

$258,022,835 00 $3,122,104 80 
156,145,072 00 1,948,372 20 



Total, . 
Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, 

Net amount in force, 



$414,167,907 00 
152,690,466 00 

$261,477,441 00 
28,634,600 00 



55,070,477 00 

1,930,064 61 

13,140,412 39 

393,005 36 



$232,842,841 00 $2,747,407 03 



Miscellaneous. 



Premiums received from organization of company, . 

Losses paid from organization of company, 

Fire losses incurred during the year, 

Cash dividends declared from organization of company, 

Dividends declared during the year, 

Company's stock owned by directors, . . 



$24,097,317 00 

12,870,983 00 

2,067,176 00 

1,350,000 00 

40,000 00 

134,960 00 



101} 


8,120 


00 


105f 


10,537 


50 


113 


56,500 


00 


105 


10,500 


00 


109 


6,540 


00 


105f 


79,312 


50 


100 


25,000 


00 


105f 


132,187 


50 


96 


11,520 


00 


100* 


15,075 


00 



Schedule A. Stocks and Bonds owned by the Company. 

Railroad Stocks. Book Value. Rate. Market Value. 

220 shares Milwaukee Elec. R'y & Light, pref., . $24,200 00 110 $24,200 00 

Miscellaneous Stocks. 

1,776 shares Milwaukee Underwriters' Bldg.Asso., 2,220 00 160 2,84160 

170 " Mil. Underwriters' Bldg. Asso. No. 2, 2,040 00 120 2,040 00 

100 " Mil. Underwriters' Bldg. Asso. No. 3, 1,000 00 130 1,300 00 

State, County and Municipal Bonds. 

Brown County, Wisconsin, 5s, 1907-10, . . 8,080 00 

Georgia 3}s, 1920, 10,400 00 

Portland, Ore., 5s, 1923, 55,000 00 

£±5 wlS:; £; IfS; 16 : : : : : } «.«<>'*{ 

Ramsey County, Minnesota, 4}s, 1917, . . 78,187 50 

Ramsey County, Minnesota, 4}s, 1907, . . 25,000 00 

St. Paul, Minn., 4}s, 1917, .... 130,000 00 

Virginia 3 s, 1991, 11,46000 

Washington County, Wisconsin, 5s, 1907-09, . 15,150 00 

Railroad Bonds. 

Chicago & Alton 3}s, 1950, . . .•■'.. 22,425 00 75} 22,650 00 

C, B. & Q. (Hannibal & St. Jos.) 6s, 1911, . 5,300 00 107£ 5,362 50 

Chicago, Rock Island & Pacific 4s, 1934, . . 45,250 00 90 45,000 00 

Elgin, Joliet & Eastern 5s, 1941, . . . 28,000 00 115 28,750 00 

Flint & Pere Marquette (Pt. Huron Div.) 5s, 1939, 20,550 00 108 21,600 00 

Kansas City Southern 3s, 1950, . ' . . 35,125 00 71} 35,750 00 

Louis. & Nash. (N. O. & Mobile) 1st mtge. 6s, 1930, 36,900 00 124| 37,237 50 

Marquette, Houghton & Ontonagon 6s, 1925, . 29,125 00 120 30,000 00 

Milwaukee City 5s, 1908, 20,000 00 100 20,000 00 

Milwaukee Light, Heat & Traction 5s, 1929, . 51,750 00 104 ' 52,000 00 

Minn., Sault Ste. Marie & Atlantic 4s, 1926, . 58,000 00 100 58,000 00 

Minn., St. Paul & Sault Ste. Marie 4s, 1938, . 24,500 00 99} 24,875 00 

N. Y. Cent. & Hud. R. (M. C. coll.) 3}s, 1998, . 42,250 00 85} 42,750 00 

St. Lo., Tron Mt. & South. (R. & G. Div.) 4s, 1933, 22,812 50 92 23,000 00 

Southern 5s, 1994, . . . . ' . . 28,250 00 113f 28,437 50 

Southern (Atlantic & Danville) 4s, 1948, . . 22,625 00 95 23,750 00 

Southern (Knoxville & Ohio) 6s, 1925, . . 19,975 00 121 20,570 00 

Toledo, Walhonding Valley & Ohio 4s, 1942, . 53,762 50 99 54,450 00 

Wabash (Toledo & Chicago) 4s, 1941, . . 9,175 00 93 9,300 00 



THE NASSAU FIRE INSURANCE CO. OF BROOKLYN. 



303 



Wabash Pittsburg Terminal 4s, 1954, 

Western Maryland 4s, 1952, .... 

Wisconsin Central 4s, 1949, . ... 

Miscellaneous Bonds. 
Niagara Falls Hyd. Power & Mfg. Co. 4s, 1920, . 
Niagara Falls Hyd. Power & Mfg. Co. 5s, 1917, . 
Union Elec. Light & Power Co. (St. Lo.) 5s, 1932, 



Book Value. 

$39,875 00 

33,000 00 

17,400 00 

7,200 00 
12,000 00 
20,000 00 

$1,084,707 50 



Rate. 
80 
82 

88i 

90i 
100 
100 



Market Value. 

$40,000 00 

32,800 00 

17,700 00 

7,240 00 

12,000 00 

20,000 00 

$1,098,896 60 



THE NASSAU FIRE INSURANCE COMPANY OF BROOKLYN, 

NEW YORK, N. Y * 

Incorporated Jan. 30, 1852. Commenced business Feb. 3, 1852. 

Paid-up Capital, $200,000. 
WM. HARKNESS, President. THOS. M. HARRIS, Secretary. 

Home Office, 80 Court Street, Brooklyn. 

Income. 

Net fire premiums, $687,786 12 

Interest on stocks and bonds, ...... 27,109 06 

Borrowed money, . . . . . . . . . 100,000 00 

From all other sources, . . . . . . . . 567 64 



Total income, $815,462 82 

Ledger assets, Dec. 31, 1905, plus error in 1905 statement, 642,058 44 

. Total, $1,457,521 26 

Disbursements. 

Net amount paid for fire losses, ...... $475,831 12 

Dividends to stockholders, . . . . . . . 20,000 00 

Commissions or brokerage, ....... 172,535 60 

Salaries, fees, etc., of officers and employees, .... 16,310 04 

Rents, 4,000 00 

Taxes and fees, 8,112 71 

Interest on borrowed money, . . . . . . . 255 56 

Advertising, printing and stationery, ....... 886 78 

Furniture, . . . . ... . . . . 568 36 

Maps, 286 94 

All other disbursements, .--.'•. . . . . . 1,787 79 

Total disbursements, ....... $700,574 90 

Balance, ... " $756,946 36 

* The annual statement of this company to the Massachusetts insurance department bore un- 
mistakable evidence that it was incorrect in several particulars. It was apparent, for example, 
that an item of $100,000, for borrowed money, had been omitted from the income of the year. As 
this department could not obtain satisfactory information from correspondence with the officers 
of the company, the Superintendent of Insurance of New York was appealed to, and he instituted 
an examination for the purpose of ascertaining the correctness of the company's annual statement. 
In the report of the examination the Examiner says : — 

. "An examination of the company's books shows the return of receipts and disbursements, as set 
forth in its annual statement to the department, to be incorrect in many particulars" 
and, referring to the item of borrowed money, amounting to $100,000, adds : — 

"This sum, though borrowed in 1906, does not appear in the company's statement of income. 
No satisfactory explanation has been advanced by the officers for its failure to include such item. 
It would appear from our examination of the accounts that a portion of said sum was included as 
premium income, and so forth, the balance being accounted for by decrease in commissions paid, 
and so forth, and incorrect return of ledger assets." 

The following exhibit is compiled by this department from information received from the New 
York department, with such modifications as are necessary under the statutes of this Common- 
wealth. The company appears to be in a solvent condition, and there are assurances that its book- 
keeping methods will be thoroughly reformed. 



304 



THE NASSAU FIRE INSURANCE CO. OF BROOKLYN. 



Ledger Assets. 
Stocks and bonds (schedule A), 
Cash in banks and office, .... 

Agents' balances, ...... 

Total ledger assets, 

Non-Ledger Assets. 
Interest accrued on bonds, .... 
Market value of stocks and bonds over book value, 

Gross assets, ...... 

Liabilities. 
Unpaid losses including $7,375 resisted, . 
Unearned premiums on outstanding risks, 
Plus same on disallowed reinsurance, , 



$395,724 57 
13,440 47 



Commissions and other charges due agents and brokers, . 
Due for return premiums, $40,072.02; reinsurance, $18,009.72 
Borrowed money, ........ 



All liabilities, except capital and surplus, 
Surplus to policy holders, 
Paid-up capital, 
Surplus over capital and general liabilities, 

Total liabilities, .... 



$263,480 93 



$502,247 90 

13,373 74 

241,324 72 

$756,946 36 



2,350 83 
158,561 35 

$917,858 54 
$30,500 00 



409,165 04 
56,630 83 
58,081 74 

100,000 00 

$654,377 61 

200,000 00 
63,480 93 

$917,858 54 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1905, . . $65,648,005 00 $798,467 85 

Fire risks written during 1906, . . . 77,711,275 00 955,464 44 

Total, 

Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, 

Net amount in force, 



$143,359,280 00 
69,671,962 00 



,753,932 29 
892,153 98 



$73,687,318 00 $861,778 31 
8,773,815 00 111,416 58 



$64,913,503 00 $750,361 73 



Miscellaneous. 

Premiums received from organization of company, . 

Losses paid from organization of company, 

Fire losses incurred during the year, 

Cash dividends declared from organization of company, 

Stock dividends declared from organization of company, 

Dividends declared during the year (10 per cent.), 

Company's stock owned by directors, 



$5,820,023 00 

2,552,098 00 

506,331 00 

1,422,500 00 

50,000 00 

20,000 00 

' 67,650 00 



Schedule A. Stocks and Bonds owned by the Company. 



Railroad Stocks. Book Value. 

8,000 shares Brooklyn City, .... $80,000 00 

600 " Manhattan Elevated, . . . 63,312 50 

Bank Stocks. 

144 shares Mechanics, Brooklyn, N. Y., . . 7,200 00 

250 " Nassau N'l, Brooklyn, N. Y., . . 25,000 00 

50 " National City, Brooklyn, N. Y., . 2,500 00 



Rate. Market Value. 
225 $180,000 00 
142f 85,650 00 



300 
250 
290 



21,600 00 

62,500 00 

7,250 00 



NATIONAL FIRE INSURANCE CO. OF HARTFORD. 



305 



Miscellaneous Stocks. 
100 shares American Express Co., N. Y., . 
209 " Consolidated Gas Co., N. Y., . 
160 " Mort. Bond Co., New York, N. 
152 " N. Y. & N. J. Tel. Co., . 
Municipal Bonds. 
Brooklyn, N. Y., 3£s, 1916, 
New York, N. Y., 3is, 1952, 

Railroad Bonds. 
Brooklyn Rapid Transit 5s, 1920, 

Miscellaneous Bonds. 
Consolidated Gas Co., N. Y., 6s, 1909, 



Book Value. 


Rate. 


Market Value. 


$18,500 00 
36,525 00 


240 
138 


$24,000 00 
28,842 00 


, 10,000 00 
19,654 00 


102* 

128 


10,250 00 
19,456 00 


16,000 00 
208,056 40 


97 
91| 


15,520 00 
187,831 25 


10,000 00 


103f 


10,375 00 


5,500 00 


137 


7,535 00 


$502,247 90 


$660,809 25 



NATIONAL FIRE INSURANCE COMPANY OF HARTFORD, 

HARTFORD, CONN. 

Incorporated June 4, 1869. Commenced business Dec. 1, 1871. 
Paid-up Capital, $1,000,000. 
JAMES NICHOLS, President. B. R. STILLMAN, Secretary. 

Home Office, 95 Pearl Street. 

Income. 

Net fire premiums, . . $4,991,039 21 

Interest on mortgage loans, $35,669. 14; stocks and bonds, $210,- 

002.19; all other, $4,772.05, 250,443 38 

Rents, . . 14,669 44 

Profit on sale or maturity of ledger assets, .... 132,388 84 

Profit and loss, . . . ' . . . . . . 7,892 67 

Borrowed money, . . . . . ... . 1,050,000 00 



Total income, 
Ledger assets, Dec. 31, 1905, .- m . . . . 

Total, 

Disbursements. 
Net amount paid for fire losses, 
Dividends to stockholders, ..... 

Commissions or brokerage, ..... 

Salaries, fees, etc., of officers and employees, 

Repairs and expenses on real estate, 

Real estate taxes, $5,000 . 76 ; other taxes and fees, $163,901 . 78, 

Loss on sale or maturity of ledger assets, 

Advertising, field work and incidentals, . 

Furniture, books and stationery, .... 

Borrowed money, ....... 

Interest on borrowed money, ..... 

Traveling, adjustment and miscellaneous expenses, . 

Total disbursements, ...... 

Balance, ....... 



. $6,446,433 54 
. 7,038,962 66 

$13,485,396 20 



$4,565,527 56 

70,000 00 

921,308 21 

389,651 24 

2,936 04 

168,902 54 

17,696 61 

160,393 64 

37,842 24 

600,000 00 

• 7,852 09 

136,803 66 

$7,078,913 83 

$6,406,482 37 



306 



NATIONAL FIRE INSURANCE CO. OF HARTFORD. 



Ledger Assets. 

Real estate, $335,762.49; mortgages, $630,192, 

Stocks and bonds (schedule A), 

Cash in banks and office, .... 

Agents' balances, . 

Total ledger assets, .... 

Non-Ledger Assets. 

Market value of real estate over book value, 
Market value of stocks and bonds over book value, 



Gross assets, . 



Assets not admitted. 
,763 . 47 liability thereon, 



Special deposits less 

Total admitted assets, 

Liabilities. 

Unpaid losses, including $17,830.05 resisted, 
Unearned premiums on outstanding risks, 
Plus same on disallowed reinsurance, 
Borrowed money, ..... 

All liabilities, except capital and surplus, 
Surplus to policy holders, 
Paid-up capital, ..... 
Surplus over capital and general liabilities, 



Total liabilities, 



Risks and Premiums. 



$965,954 49 

4,335,993 03 

325,788 96 

778,745 89 

56,406,482 37 



125,566 20 
441,630 47 

. $6,973,679 04 

40,374 03 
. .$6,933,305 01 

. $516,708 71 
5,881,702 09 

99,848 76 3,981,550 85 
450,000 00 



,985,045 45 



14,948,259 56 

1,000,000 00 

985,045 45 

56,933,305 01 



Fire risks outstanding Dec. 31, 1905, 
Fire risks written during 1906, 

Total, . . 

Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, 

Net amount in force, 



Premiums. 

$748,305,187 00 $8,381,271 34 
656,227,627 00 7,382,430 59 



$1,404,532,814 00 $15,763,701 93 
. 575,276,607 00 6,431,475 18 



$829,256,207 00 $9,332,226 75 
160,425,002 00 1,813,064 88 



,831,205 00 $7,519,161 87 



Miscellaneous. 

Premiums received from organization of company, . 

Losses paid from organization of company, 

Fire losses incurred during the year, 

Cash dividends declared from organization of company, 

Stock dividends declared from organization of company, 

Dividends declared during the year (7 per cent.), 

Company's stock owned by directors, 



$56,696,792 00 

31,758,406 00 

4,724,618 00 

3,327,000 00 

100,000 00 

70,000 00 

94,200 00 



NATIONAL FIRE INSURANCE CO. OF HARTFORD. 



307 



Schedule A. Stocks and Bonds owned by the Company. 



Railroad Stocks. 

45 shares Atchison, Top. & Santa F6, pref., 
500 " Chicago Great Western, . 

257 " Chic, Rock Island & Pacific, . 
200 " Fort Wayne & Jackson, preferred, 
200 " Georgia R. R. & Banking Co., 
238 " Illinois Central, 

17 " Illinois Central, leased lines, 
500 " Mil. Elec. Rv. & Light Co., pref., 
200 " Mobile & Ohio (Southern By.), 
125 " New Hampshire Electric, pref., 
896 " New York Cen. & Hudson River, 

80 " N. Y., New Haven & Hartford, 
200 " New York & Harlem, 
154 " Norfolk & Western, preferred, 
150 " Oswego & Syracuse, 
100 " Peoria & Bureau Valley, 
200 " Pittsburg, Fort Wayne & Chicago, 

27 " St. Joseph, So. Bend, & So., pref., 
100 " St. Joseph, So. Bend, & So., com., 

80 " Southern, preferred, 
Bank Stocks. 
100 shares .(Etna National, Hartford, Conn., 
656 " Charter Oak Nat., Hartford, Conn., . 

25 " Citizens Central Nat., N. Y., . 

46 " City, Hartford, Conn., . 

100 " Farmers & M. Nat.. Hartford, Conn., 
300 "' Hartford Nat., Hartford, Conn., 
360 " Nat. Exchange, Hartford, Conn., 
350 " Phcenix Nat., Hartford, Conn., 
. Miscellaneous Stocks. 

1,995 shares Colonial Securities Co., . 
765 " Commercial Union Telegraph Co., 
210 " Hartford Gas Secur. Co., preferred, . 
State and Municipal Bonds. 

Arizona 5s, 1942, 

Georgia 4*s, 1910-15, 

Groton, Conn., 4s, 1924, . 

New Britain, Conn., 3*s, 1907-30, 

New York, N. Y., 3*s, 1953, 

No. East School Dist., Hartford, Conn., 3*s, 1931 

Opelika, Ala., 5s, 1934, 

Portland, Ore., 5s, 1923, . 

Richmond, Va., 4s, 1923-28, 

Silver City, N. M., 7s, 1923, 

Railroad Bonds. 
Atlantic & Danville 4s, 1948, . 
Augusta Terminal 6s, 1947, 
Belt of Chattanooga 5s, 1945, 
Brooklyn Union Elevated 4s, 1950, 
Buffalo 5s, 1931, 

Central Branch Union Pacific 4s, 1948, 
Central of Georgia equipment 4*s, 1908, 
Central of Georgia equipment 4*s, 1915, 
Central of Georgia (Mobile Div.) 5s, 1946, 
Chesapeake & O. (B. & A. Div.), 2d mort. 4s, 1989 
Chicago & Cincinnati 5s, 1952, . 
Chicago & Erie 5s, 1982, . 
Chicago & Indiana Coal 5s, 1936, 
Chicago North Shore Street 6s, 1912, 
Chicago, Peoria & St. Louis 4*s, 1930, 
Choctaw, Oklahoma & Gulf 5s, 1919, 
Choctaw & Memphis 5s, 1949, . 
Cincinnati, Hamilton & Dayton 4*s, 1908, 
Cincinnati, Indianapolis & Western 4s, 1953, 
Cincinnati, Bichmond & Muncie 5s, 1950, 
Elgin, Aurora & Southern Traction 5s, 1916, 
Flint & Pere Marquette 5s, 1939, 



Book Value. 
S900 00 
46,375 00 
18,363 84 
23,600 00 
41,800 00 
22,318 45 

1,496 00 
60,000 00 
18,000 00 

4,375 00 
86,794 20 
13,118 21 
28,000 00 

4,208 70 
14,825 00 
16,500 00 
32,000 00 

1,500 00 

1,613 00 

14,000 00 
67,274 25 
3,125 00 
4,690 00 
11,000 00 
41,400 00 
21,900 00 
42,060 00 

199,500 00 

23,428 13 

8,430 00 

19,800 00 
27,500 00 
10,400 00 
40,385 00 
153,250 00 
2,000 00 
20,000 00 
61,625 00 
50,000 00 
10,200 00 

94,375 00 

63,500 00 

24,420 00 

49,312 50 

26,250 00 

46,750 00 

25,000 00 

49,750 00 

37,950 00 

46,400 00 

39,900 00 

90,812 50 

40,012 50 

26,500 00 

26,375 00 

82,443 75 

59,000 00 

41,710 00 

24,750 00 

83,335 00 

74,312 50 

33,350 00 



Rate. 

99 

80 
150 
142 
261 
165* 
103 
110 

93 

25 
131 
190* 
380 

90 
230 
197 
173 
100 

35 

94 

225 

134 

142* 

101 

110 

145 

130 

125 

275 
114 
184 



107* 

100 
96i 
91* 
97$ 

102 

113 

101f 

112 

95 
125 
108 
104* 
HOf 

92i 

99 

96f 
113 

95* 
105 
116* 
115 

87 
100 
105 
114* 

79 

94 
107 

99 
108 



Market "Value. 
$4,455 00 
40,000 00 
38,550 00 
28,400 00 
52,200 00 

39.389 00 
1,751 00 

55,000 00 

18,600 00 

3,125 00 

117,376 00 

15,240 00 

38,000 00 

13,860 00 

17,250 00 

19,700 00 

34,600 00 

2,700 00 

3,500 00 

7,520 00 

22,500 00 
87,904 00 
3,562 50 
4,646 00 
11,000 00 
43,500 00 
23,400 00 
43,750 00 

548,625 00 

21,802 50 

9,660 00 

20,725 00 
26,875 00 
10,000 00 
39,462 50 
137,250 00 
1,952 50 
20,400 00 
56,500 00 
50,687 50 
11,200 00 

95,000 00 
62,500 00 
23,760 00 
52,250 00 
27,687 50 
46,125 00 
24,750 00 
48,375 00 
37,290 00 
47,750 00 
38,850 00 
87,375 00 
46,000 00 
21,750 00 
25,000 00 
78,750 00 
57,250 00 
33,970 00 
23,500 00 

82.390 00 
74,250 00 
32,400 00 



308 



NATIONAL LUMBER INSURANCE CO, 



Fort Worth & Denver City 6s, 1921, . 

Galveston, Harrisburg & San Antonio 5s, 1931, 

International & Great Northern 5s, 1909, . 

Kansas City Elevated 6s, 1922, 

Kansas City, Fort Scott & Memphis 6s, 1928, 

Kansas City, Fort Scott & Memphis 4s, 1936, 

Kansas City Railway & Light 5s, 1913, 

Louisville, Henderson & St. Louis 5s, 1946, 

Mason City & Fort Dodge 4s, 1955, . 

Metropolitan Street 4s, 2002, 

Minneapolis & St. Louis 4s, 1949, 

Missouri, Kansas & Oklahoma 5s, 1942, 

Missouri, Kansas & Texas (St. L. Div.) 4s, 2001, 

Nashville, Chattanooga & St. Louis 6s, 1923, 

Nashville, Chattanooga & St. Louis 5s, 1928, 

N. Y. Cen. & H. R. (Lake Sh. col.) 3£s, 1998, 

Nodaway Valley 7s, 1920, 

Northern Ohio 5s, 1945, .... 

Northwestern Elevated 4s, 1911, 

Peoria & Pekin Union 4£s, 1921, 

Seaboard Air Line, Atlanta-Birmingham, 4s, 1933 

Seaboard & Roanoke 5s, 1926, . 

Southern 5s, 1994, ' 

Southern (Memphis Div.) 5s, 1996, 

Southern (St. Louis Div.) 4s, 1951, 

St. L., Iron M. & So. (Riv. & G. Div.) 4s, 1933, 

St. Louis Transit 5s, 1924, 

St. Paul City 5s, 1937, 

St. Paul, Minn. & Man. (Mon. Ex.) 4s, 1937, 

Texas & Pacific (La. Div.) 5s, 1931, 

Toledo & Ohio Cen. (Western Div.) 5s, 1935, 

Toledo Traction 5s, 1909, . 

Ulster & Delaware 5s, 1928, 

Wabash 1st mtge. 5s, 1939, 

Wabash equipment 5s, 1921, 

Wabash-Pittsburg Terminal 4s, 1954, 

Western Mar viand 4s, 1952, 

Wheeling & Lake Erie 5s, 1926, 

Wheeling & Lake Erie 4s, 1949, 

Miscellaneous Bonds. 
Galveston Wharf Co. 5s, 1940, . 
Randolph-Macon Coal Co. 5s, 1935, 
Western Union Telegraph Co. 5s, 1938, 



Book Value. 


Rate. 


Market Value. 


$56,468 


75 


110 


$55,000 00 


27,712 


50 


109 


27,250 00 


124,625 


00 


100 


125,000 00 


117,000 


00 


116 


116,000 00 


28,887 


50 


120 


30,000 00 


15,977 


50 


82 


14,760 00 


24,375 


00 


98 


24,500 00 


5,575 


00 


111 


5,550 00 


45,875 


00 


91* 


45,750 00 


66,750 


00 


82£ 


61,875 00 


14,325 


00 


93 


13,950 00 


52,675 


00 


106 


53,000 00 


23,187 


50 


89 


22,250 00 


16,912 


50 


117 


17,550 00 


. 28,343 


75 


112£ 


28,125 00 


14,320 


00 


86i 


13,800 00 


5,120 


00 


105 


5,250 00 


54,500 


00 


114 


57,000 00 


29,100 


00 


90i 


27,075 00 


40,210 


00 


99^ 


39,800 00 


!, 94,000 


00 


90 


90,000 00 


51,625 


00 


112 


56,000 00 


64,143 


75 


113| 


62,562 50 


48,547 


00 


116^ 


58,250 00 


25,000 


00 


94^ 


23,625 00 


23,898 


75 


92 


23,920 00 


54,480 


00 


94i 


54,665 00 


57,195 


00 


109 


54,500 00 


51,500 


00 


100 


50,000 00 


109,375 


00 


109i 


109,500 00 


86.671 


25 


112 


89,600 00 


49,250 


00 


99i 


49,750 00 


56,000 


00 


112 


56,000 00 


21,000 


00 


1121 


22,500 00 


52,000 


00 


100 


50,000 00 


65,375 


00 


80 


60,000 00 


84,000 


00 


82 


82,000 00 


22,675 


00 


111 


22,200 00 


73,681 


25 


87 


69,600 00 


25,000 


00 


110^ 


27,625 00 


46,375 


00 


85 


42,500 00 


. ' 28,297 


50 


103 


25,750 00 


$4,335,993 


03 


$4,777,623 50 



NATIONAL LUMBER INSURANCE COMPANY, BUFFALO, N. Y. 

Incorporated Nov. J 5, 1905. Commenced business Nov. 15, 1905. 

Paid-up Capital, $200,000. 

MORRIS S. TREMAINE, President. WM. P. HAINES, Secretary. 

Home Office, Fidelity Trust Building. 

Income. 
Net fire premiums, . . . . . . . , $145,743 15 

Interest on bonds, $6,743.96; deposits, $2,253.43, . . . 8,997 39 



Total income, .... 

Ledger assets, Dec. 31, 1905, . . . . 

Total, 

Disbursements. 
Net amount paid for fire losses, 
Commissions or brokerage, .... 
Salaries, fees, etc., of officers and employees, 



$154,740 54 
-252,080 46 

$406,821 00 



$42,872 33 

23,481 62 

9,792 79 



NATIONAL LUMBER INSURANCE CO. 



309 



Rents, . 

Taxes and fees, 
Adjustment expenses, 
Advertising, . 
Inspections, . 
Furniture and fixtures, 
Postage, 

Traveling expenses, 
Underwriters' boards, 
All other disbursements, 

Total disbursements, 

Balance, 



Bonds (schedule A), 
Cash in banks, 
Agents' balances, . 

Total ledger assets, 



Interest accrued on bonds, 

Gross assets, . 



11, 223 75 

2,763 12 

216 77 

3,415 29 

7,998 40 

1,174 20 

827 91 

2,382 06 

240 87 

3,295 26 



Ledger Assets. 



$99,684 37 
$307,136 63 



$210,525 40 
73,293 26 
23,317 97 



Non-Ledger Assets. 



Assets not admitted. 



Agents' balances over three months due, . 
Book value of bonds over market value, . 
Total unadmitted assets, . 

Total admitted assets, 

Liabilities. 
Unpaid losses, . . 
Unearned premiums on outstanding risks, 

All liabilities, except capital and surplus, 
Surplus to policy holders, 
Paid-up capital, ..... 
Surplus over capital and general liabilities, 



• 


$307,136 63 


. 


1,800 83 


. 


$308,937 46 


$50 00 




13,087 90 






13,137 90 




... 


$295,799 56 




$5,927 48 


. 


71,843 66 




$77,771 14 


$218,028 42 




. 


200,000 00 


• 


18,028 42 



Total liabilities, 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1905, 
Fire risks written during 1906, 

Total, 

Risks expired and terminated, 

In force at end of year, . . 

Amount reinsured, 

Net amount in force, 



$337,100 
7,620,574 



$295,799 56 



Premiums. 

00 $6,956 78 
00 186,646 36 



$7,957,674 
2,034,545 



00 $193,603 14 
00 41,523 80 



$5,923,129 
302,474 



00 $152,079 34 
00 8,392 02 



$5,620,655 00 $143,687 32 



310 



NATIONAL UNION FIRE INSURANCE CO. 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, 
Fire losses incurred during the year, 
Company's stock owned by directors, 



Schedule A. Bonds owned by the Company 



Buffalo, N. Y 
Buffalo, N. Y 
Buffalo, N. Y. 
Buffalo, N. Y. 
Buffalo, N. Y. 
Buffalo, N. Y. 
Buffalo, N. Y. 
Buffalo, N. Y. 
New York, N. 
New York, N. 
New York, N. 
N*ew York, N. 
New York, N. 
New York, N. 
Savannah, Ga, 



Municipal Bonds. 
, 3£s, 1907, 
, 3£s, 1908, 
, 3*s, 1909, 
, 3|s, 1910, 
, 3*s, 1911, 
, 3£s, 1912, 
, 3^s, 1913, 
, 3£s, 1930, 

Y., 3£s, 1955, 

Y., 3Js, 1936, 

Y., 31s, 1949, 

Y., 3£s, 1937, 

Y., 3^s, 1924, 

Y., 3*s, 1918, 
,, 5s, 1909, . 



.Book Value. 



$40,050 00 



135,355 00 
6,965 00 
5,970 00 
4,975 00 
3,980 00 
2,985 00 
10,245 40 

$210,525 40 



Rate. 
99| 
99| 
99| 
991 
99i 
99 
98$ 
97 
91f 
93i 
91f 
93 
95| 
961 

10H 



$193,603 00 

42,872 00 

48,780 00 

177,400 00 



Market Value- 

$4,993 75 

4,987 50 

4,981 25 

4,975 00 

4,962 50 

4,950 00 

4,943 75 

4,850 00 

124,270 00 

6,518 75 

5,505 00 

4,650 00 

3,805 00 

2,895 00 

10,150 00 

$197,437 50 



NATIONAL UNION FIRE INSURANCE COMPANY OF PITTSBURG, PA. 

PITTSBURG, PA. 

Incorporated Feb. 14, 1901. Commenced business March 1, 1901. 

Paid-up Capital, $750,000. 
E. E. COLE. President. B. D. COLE, Secretary. 

Home Office, 401 Wood Street. 

Income. 

Net fire premiums, $1,232,336 09 

Interest on mortgage loans, $24,228 . 88 ; collaterals, $375 ; stocks 

and bonds, $64,592.80; all other, $8,461.66, . . . 97,658 34 

Profit on sale of bonds, ........ 500 00 



Contingent commissions on reinsurance, . 
Assessment on capital stock, . 

Total income, .... 

Ledger assets, Dec. 31, 1905, . 

Total, 

Disbursements 
Net amount paid for fire losses, 
Dividends to stockholders, 
Commissions or brokerage, 
Salaries, fees, etc., of officers and employees, 
Rents, ...... 

Taxes and fees, .... 

Adjustment expenses, 

Advertising, printing, stationery, etc., 

Commissions, interest, etc., on assessment on capital, 

Furniture and fixtures, . 

Maps and printing plant, 

Agents' balances and reinsurance charged off, 



3,448 94 
1,050,000 00 

52,383,943 37 
2,066,114 65 

54,450,058 02 



$1,624,727 78 

30,000 00 

262,464 73 

, 7-7,941 16 

8,249 99 

45,887 22 

19,958 80 

8,362 56 

81,566 25 

1,460 82 

9,460. 99 

1,098 69 



NATIONAL UNION FIRE INSURANCE CO. 



311 



Traveling and agency expenses, 

All other disbursements, .... 

Total disbursements, .... 

Balance, ...... 

Ledger Assets 
Mortgages, ..... 
Loans secured by collateral (Mf 'rs H. & L 
Stocks and bonds (schedule A), 
Cash in banks and office, 
Agents' balances, .... 
Bills receivable, .... 
Office premiums in course of collection, 

Total ledger assets, .... 

Non-Ledger Assets. 
Interest due and accrued : — 
On mortgages, $5,756.88; bonds, $1,610, 

Gross assets, ...... 

Assets not admitted. 

Agents' balances over three months due, . 
Bills receivable, ...... 

Book value of stocks and bonds over market value, 
Total unadmitted assets, 

Total admitted assets, .... 

Liabilities. 

Unpaid losses, including $34,226 . 54 resisted, 
Less reinsurance, ..... 
Unearned premiums on outstanding risks, 

All liabilities, except capital and surplus, 
Surplus to policy holders, 
Paid-up capital, ..... 
Surplus over capital and general liabilities, 



$58,891 55 
18,445 59 

$2,248,516 13 



Co. bonds, Pitts., Pa.), 



$2,201,541 89 



$323,747 00 

30,000 00 

1,337,636 25 

253,171 73 

237,196 24 

1,116 91 

18,673 76 

$2,201,541 89 



7,366 88 

. $2,208,908 77 



$3,803 56 

1,116 91 

11,318 75 



16,239 22 
$2,192,669 55 



$161,580 00 
. 34,269 05 



,002,272 19 



Total liabilities, 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1905, 
Fire risks written during 1906, 

Total, 

Risks expired and terminated, 

In force at end of year, . 

Amount reinsured, . ... 

Net amount in force, 



$158,959,857 00 
150,939,204 00 

$309,899,061 00 
123,029,889 00 

$186,869,172 00 
26,551,144 00 



$127,310 95 
1,063,086 41 

$1,190,397 36 

750,000 00 
252,272 19 

$2,192,669 55 

Premiums. 

51,985,827 92 
1,939,139 46 

53,924,967 38 
1,615,579 17 

52,309,388 21 
342,817 50 



$160,318,028 00 $1,966,570 71 



312 



NATIONAL UNION FIRE INSURANCE CO. 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, 

Fire losses incurred during the year, 

Cash dividends declared from organization of company, 

Dividends declared during the year (4 per cent.), 

Company's stock owned by directors, 



M=,.793,189 00 

3,063,429 00 

1,674,445 00 

30,000 00 

30,000 00 

415,800 00 



Schedule A. Stocks and Bonds owned by the Company. 



Railroad Stocks. 
200 shares Baltimore & Ohio, preferred, 
30 " Baltimore & Ohio, common, 
200 " Illinois Central, 
1,800 " Pennsylvania, 

84 " Pittsburgh & Lake Erie, 

Bank Stocks. 

187* shares Farmers Dep. N'l, Pittsburgh, Pa., 
75 " Second Nat '1, Pittsburgh, Pa., 
Miscellaneous Stocks. 
200 shares Western Union Tel. Co., 

Government Bonds. 
United States reg. 3s, 1918, 

State, County and Municipal Bonds. 
Georgia 4*s, 1908, . . 

Georgia 4*s, 1909, . 
Georgia 4*s, 1913, . 
Jefferson County, Ind., 4s, 1910, 
Jefferson County, Ind., 4s, 1911, 
Jefferson County, Ind., 4s, 1912, 
Jefferson County, Ind., 4s, 1913, 
Jefferson County, Ind., 4s, 1914, 
Jefferson County, Ind., 4s, 1915, 
Lynchburg, Va., 4s, 1934, 
New York, N. Y., 3*s, 1928, 
Portland, Ore., 5s, 1917, . 
Portland, Ore., 5s, 1922, . 
Richmond, Va., 4s, 1938, . 

Railroad Bonds. 
Atchison, Topeka & Santa Fe 4s, 1955, 
Central of Georgia (Chatt. Div.) 4s, 1951, 
Conn. Ry. & Lighting Co. 4*s, 1951, . 
Lake Shore & Michigan So. 4s, 1928, . 
Metropolitan Street Ry. Co. 4s, 2002, 
Norfolk & Western 4s, 1996, 
Pittsburgh, Bessemer & Lake Erie 5s, 1947, 

Miscellaneous Bonds. 
Beaver Valley Water Co. 5s, 1932, 
Electrical Securities Corp. 5s, 1934, 
Jamison Coal & Coke Co. 5s, 1907-14, 
Latrobe Water Co. 5s, 1918, 
McConway & Torley 6s, 1908-10, 
Mesta Machine Co. 5s, 1915-19, 
Monongahela River C, C. & C. Co. 6s, 1949, 
Pennsylvania Water Co. 5s, 1929, 
Pittsburgh Brewing Co. 6s, 1949, 
Pittsburgh Lamp, Brass & G. Co. 6s, 1915, 
Pittsburgh & Buffalo Co. 5s, 1907-10, 
Racine Water Co. 5s, 1931, 
Sharon Steel Co. 5s, 1940, 
St. Joseph Water Co. 5s, 1941, . 
Standard Sanitary Mfg. Co. 6s, 1920, 
Union Bag & Paper Co. 5s, 1930, 
Union Gas Co. 5s, 1929, . 
Union Steel Co. 5s, 1952, . 
Union Switch and Signal Co. 5s, 1910, 
Vandalia Coal Co. 6s, 1930, 



Book Value. 

$18,200 00 

3,000 00 

26,000 00 
108,000 00 

14,280 00 

22,900 00 
17,500 00 

17,600 00 

7,000 00 

1,000 00 
1,000 00 
1,000 00 



25,000 00 



20,800 00 
50,000 00 
27,500 00 
28,000 00 
18,900 00 

51,781 25 
18,300 00 
20,000 00 
24,750 00 
24,500 00 
25,000 00 
23,000 00 

20,000 00 
25,000 00 
50,000 00 
30,000 00 
30,000 00 
15,000 00 
27,500 00 
55,000 00 
27,500 00 
25,000 00 
32,000 00 
20,000 00 
23;000 
50,000 
50,000 
49,500 
18,000 00 
74,625 00 
20,000 00 
52,500 00 



00 
00 
00 
00 



Rate. 
92i 
119* 
165* 
138| 
300 

165 
225 

84 

lOlf 

101 

102 

108 

100* 

lOOf 

1001 

101 

1011 

101f 

100 

94| 
109 
H2| 
100 

104* 

92 
102 

98 
82* 
98* 
115 



98 

99 
100 
100 

95 
109* 
100 
115* 
100 
100 

96 ■ 

99 

95 
100 

971 

99 

99i 
101* 
100 



Market Value. 

$18,450 00 

3,585 00 

33,100 00 

124,537 50 

12,600 00 

30,937 50 
16,875 00 

16,800 00 

7,122 50 

1,010 00 

1,020 00 

1,080 00 

4,020 00 

4,030 00 

4,035 00 

5,050 00 

5,062 50 

3,041 25 

20,000 00 

47,125 00 

27,250 00 

28,093 75 

18,000 00 

52,250 00 
18,400 00 
20,400 00 
24,500 00 
20,625 00 
24,625 00 
23,000 00 



24,500 00 
49,500 00 
30,000 00 
30,000 00 
14,250 00 
27,375 00 
50,000 00 
28,875 00 
25,000 00 
32,000 00 
19,200 00 
22,770 00 
47,500 00 
50,000 00 
48,750 00 
17,820 00 
74,437 50 
20,300 00 
50,000 00 



NEWARK FIRE INSURANCE CO. 



313 



West Braddock Bridge Co. 5s, 1927, 
Western Union Tel. Co. 4^s, 1950, 



Book Value. 

$23,000 00 

25,000 00 

$1,337,636 25 



Rate. 
98 
99£ 



Market Value. 

$22,540 00 

24,875 00 

$1,326,317 50 



NEWARK FIRE INSURANCE COMPANY, NEWARK, N. J. 

Incorporated Nov. 4, 1811. Commenced business May 14, 1810. 
Paid-up Capital, $250,000. • 
JOHN J. HENRY, President. CHARLES M. HENRY, Secretary. 

Home Office, 741 Broad Street. 

Income. 
Net fire premiums, 



Interest on mortgage loans, $10,279.79; stocks and bonds, $19,- 

140.51; deposits, $433.68, . 
Rents, including company's own occupancy, 
Profit on sale of ledger assets, 

Total income, .... 

Ledger assets, Dec. 31, 1905, . 

Total, . . . 

Disbursements 
Net amount paid for fire losses, 
Dividends to stockholders, 
Commissions or brokerage, 
Salaries, fees, etc., of officers and employees, 
Rents, including company's own occupancy, 
Repairs and expenses on real estate, 
Real estate taxes, $2,783 . 73 ; other taxes and fees, $9,227 
Premiums on securities purchased, . 
Agency balances charged off, . 
Advertising, maps and stationery, . 
Postage, express and telegrams, 
Reduction in book value of bonds, . 
Fire patrols, ..... 

All other disbursements, 

Total disbursements, 

Balance, ..... 

Ledger Assets. 

Real estate, $32,000; mortgages, $252,630, : 
Stocks and bonds (schedule A), 
Cash in banks and office, .... 

Agents' balances, ...... 

Total ledger assets, .... 

Non-Ledger Assets. 
Interest due and accrued : — 
On mortgages, $3,605 . 73 ; bonds, $4,534 . 14, . 
Rents due on company's property, . . 



$320,197 38 

29,853 98 
8,976 64 
1,465 75 



• 


$360,493 
629,341 


75 
38 


$989,835 


13 




$123,481 22 

24,799 00 

68,432 64 

35,897 36 

7,888 25 

2,574 42 


.29, 


12,011 


02 




1,675 
195 


00 
61 




7,639 


60 




2,747 
900 


98 
00 




2,499 


45 




5,450 


85 




. $296,192 40 




$693,642 


73 


• 


. $284,630 00 

336,201 25 

33,199 79 

39,611 69 



$693,642 73 



8,139 87 
50 00 



314 



NEWARK FIRE INSURANCE CO. 



Market value of real estate over book value, 
Market value of stocks and bonds over book value, 

Gross assets, ...... 

Assets not admitted. 
Agents' balances over three months due, . 

Total admitted assets*, .... 

Liabilities. 

Unpaid losses, including $6,500 resisted, . 
Less reinsurance, ...... 

Unearned premiums on outstanding risks, 
Dividends due stockholders, .... 

Salaries and other miscellaneous expenses, due or accrued, 

All liabilities, except capital and surplus, . 
Surplus to policy holders, . 
Paid-up capital, ...... 

Surplus over capital and general liabilities, 



$118,000 00 
90,043 75 



,876 35 



1,071 00 



• 


• 


$908,805 35 


$29,392 


59 




4,139 
Tied, 


50 


$25,253 09 

255,204 12 

7,565 00 

4,219 08 




$292,241 29 


616,564 


06 


250,000 00 
366,564 06 



Total liabilities, 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1905, 
Fire risks written during 1906, 

Total, . . 

Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, 

Net amount in force, 



$42,547,158 
36,823,494 



,805 35 



Premiums. 

00 $397,248 67 
00 387,420 94 



$79,370,652 00 
28,010,794 00 

$51,359,858 00 
4,475,935 00 



$784,669 61 
281,997 69 

$502,671 92 
34,214 11 



$46,883,923 00 $468,457 81 



Miscellaneous. 

Premiums received from organization of company, . 

Losses paid from organization of company, 

Fire losses incurred during the year, 

Cash dividends declared from organization of company, 

Dividends declared during the year (10 per cent.), 

Company's stock owned by directors, 



£6,529,483 00 

3,285,356 00 

124,850 00 

1,040,577 00 

25,000 00 

42,460 00 



Schedule A. Stocks and Bonds owned by the Company. 

Stocks. Book Value. Rate. Market Value. 

400 shares Morris & Essex, .... $20,000 00 182 $36,400 00 

413 " N'l Newark B'k'g Co., Newark, N. J., 20,650 00 325 67,112 50 

318 " Nat'l State Bank, Newark, N. J., . 15,900 00 210 33,390 00 

County and Municipal Bonds. 

Elizabeth, N. J., 4s, 1922, .... 15,000 00 100 15,000 00 

Essex County, N. J., 4s, 1926, .... 35,000 00 102f 35,918 75 

Hudson County, N. J., 4s, 1954, . . . 10,000 00 102£ 10,212 50 

Newark, N. J.,' 4s, 1922, 4,000 00 103| 4,135 00 

Railroad Bonds. 

Easton & Amboy 5s, 1920, .... 10,50000 111£ 11,15000 

Newark Passenger 5s, 1930, .... 38,600 00 111* 39,025 00 

Trenton Passenger 6s, 1922, .... 11,30000 113 11,30000 

West Shore 4s, 2361, 48,000 00 103£ 49,680 00 



NEW BRUNSWICK FIRE INSURANCE CO. 



315 



Miscellaneous Bonds. 
Elizabethtown Gas Light Co. 4£s, 1913, 
Hackensack Water Co. 4s, 1952, 
Hoboken Land & Improvement Co. 5s, 1910, 
Hudson County Gas Co. 5s, 1949, 
Newark Consolidated Gas Co. 5s, 1948, 
Newark Gas Co. 6s, 1944, 



Book Value. 


Rate. 


Market Value. 


$8,000 


00 


100 


$8,000 


00 


9,000 


00 


92 


9,200 


00 


25,000 


00 


100i 


25,031 


25 


20,000 


00 


104 


20,800 


00 


30,487 


50 


106 


31,800 


00 


14,763 


75 


134 


18,090 


00 


$336,201 


25 


$426,245 


00 



NEW BRUNSWICK FIRE INSURANCE COMPANY, NEW 

BRUNSWICK, N. J. 

Incorporated Dee. 27, 1826. Commenced business May 1, 1832. 

Paid-up Capital, $200,000.* 

GEO. A. VIEHMANN, President. CHAS. D. ROSS, Secretary. 

Home Office, S60 George Street. 

Income. 

Net fire premiums, $283,947 30 

Interest on mortgage loans, $5,401 . 25 ; stocks and bonds, $7,- 

788.36; all other, $1,060.93, 14,250 54 

Profit on sale of stocks, ........ 588 00 

Premium on increase in capital, ...... 135 00 

From all other sources, . . . . . ; . . 51 75 



Total income, ....... 

Ledger assets, Dec. 31, 1905, plus $200,000 increase in capital, 

Total, 

Disbursements. 
Net amount paid for fire losses, 
Dividends to stockholders, .... 

Commissions or brokerage, . . . . 

Salaries, fees, etc., of officers and employees, 
Rents, ....... 

Taxes and fees, ...... 

Printing and stationery, . 

Agency expenses, ...... 

Agents' balances charged off, .... 

Maps, ........ 

All other disbursements, .... 

Total disbursements, 

Balance, ...... 



Mortgages, . 

Stocks and bonds (schedule A), 

Cash in banks, 

Agents' balances, . 



Ledger Assets. 



972 59 
499,314 73 

$798,287 32 



$190,168 66 
7,473 00 

60,157 62 

9,899 99 

720 00 

8,955 91 

3,285 80 

21,233 17 

11,493 99 
1,224 60 

11,073 88 

$325,686 62 
$472,600 70 



$97,614 00 

229,150 23 

89,647 41 

56,024 60 



* Cash capital Dec. 31, 1905, 
Increase of capital during 1906, 

Total 



$200,000 00 
200,000 00 

$400,000 00 
200,000 00 



Decrease in cash capital during 1906 without distribution of assets, 

Cash capital Dec. 31, 1906, ........ $200,000 00 



316 



NEW BRUNSWICK FIRE INSURANCE CO. 



Due from other company, . . . . . • 

Deposited with Philadelphia Underwriters' Association, 

Total ledger assets, ...... 

Non-Ledger Assets. 
Interest accrued : — 
On mortgages, $799.95; bonds, $1,070; other assets, $440, 

Gross assets, . . . . 

Assets not admitted 
Agents' balances over three months due, . 
Book value of stocks and bonds over market value, 
Depreciation in book value of mortgage, . 
Deposit with Phila. Underwriters' Association, 
Due from unauthorized companies, 
Total unadmitted assets, 

Total admitted assets, 

Liabilities. 
Unpaid losses, including $2,456.72 resisted, 
Less reinsurance, ..... 
Unearned premiums on outstanding risks, 
Dividends due stockholders, . . . 

Contingent commissions to agents, . 

All liabilities, except capital and surplus, 
Surplus to policy holders, 
Paid-up capital, ..... 
Surplus over capital and general liabilities, 



$64 46 
100 00 



$472,600 70 



2,309 95 



. 


$474,910 65 


"TED. 

$358 48 




ne, 12,449 98 




600 00' 




100 00 




64 46 






13,572 92 


" 


" 


$461,337 73 


$18,863 06 




1,130 99 


$17,732 07 


. « 


153,170 40 


. . . ■ . 


56 23 


. 


6,829 60 




$177,788 30 


$283,549 43 




. 


200,000 00 


• 


83,549 43 



Total liabilities, 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1905, 
Fire risks written during 1906, 

Total, 

Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, 

Net amount in force, 



$6,302,486 
29,389,431 



$461,337 73 



Premiums. 

00 $74,579 78 
00 398,566 87 



$35,691,917 
14,006,302 



00 $473,146 65 
00 176,793 30 



$21,685,615 
1,064,952 



00 $296,353 35 
00 15,590 31 



$20,620,663 00 $280,763 04 



Miscellaneous. 

Premiums received from organization of company, . 

Losses paid from organization of company, 

Fire losses incurred during the year, 

Cash dividends declared from organization of company, 

Dividends declared during the year, 

Company's stock owned by directors, 

Schedule A. Stocks and Bonds owned by the 

Railroad Stocks. Book Value. 

100 shares Atch., Topeka & Santa Fe, preferred, . $10,225 00 
200 " Southern, preferred, . . . 20,125 00 



$1,008,823 00 
477,038 00 
203,586 00 
546,259 00 
7,500 00 
100,375 00 



Company. 

Rate. Market Value. 
99 $9,900 00 

94 18,800 00 



NEW HAMPSHIRE FIRE INSURANCE CO. 



317 



Bank Stocks. 
50 shares N'l B'k of N. J., New Brunswick, 
10 " Title Guaranty & Trust Co., 
8 " Trust Co. of Amer., New York, N. Y. 

Miscellaneous Stocks. 
3 shares General Adjustment Bureau, 
50 " National Surety Co., . 

County and Municipal Bonds. 
Essex County, N. J., 4s, 1934, . 
Jersey City, N. J., 4s, 1932, 
New Brunswick, N. J., 4s, 1926, 
New Brunswick, N. J., 4s, 1923, 
New York, N. Y., 3£s, 1954, 

Railroad Bonds. 
Wabash Pittsburgh Terminal 2d mtge. 4s, 1954, 

Miscellaneous Bonds. 
American Tobacco Co. 4s, 1951, 
Edison Elec. 111. Co., New Bruns., N. J., 6s, 1918, 
Securities Co. 4s, ..... . 

United States Steel 5s, 1963, .... 



Book Value. 

$11,120 00 

6,225 00 

5,700 00 


Rate. 
225 
565 
750 


Market Value. 

$11,250 00 

5,650 00 

6,000 00 


150 
6,612 


00 
50 


100 
180 


150 00 
9,000 00 


27,509 
1,021 
3,500 
4,000 

89,810 


03 
92 
00 
00 
63 


103| 
100 
100 
100 
91f 


25,843 75 
1,000 00 
3,500 00 
4,000 00 

82,237 50 


6,693 


75 


32 


4,800 00 


16,000 
6,422 
4,060 
9,975 


00 
40 
00 
00 


74f 
100 
68 
96f 


14,950 00 
6,000 00 
3,944 00 
9,675 00 


$229,150 


23 


$216,700 25 



NEW HAMPSHIRE FIRE INSURANCE COMPANY, 
MANCHESTER, N. H. 

Incorporated 1869. Commenced business April, 1870. 
Paid-up Capital, $1,000,000. 

FRANK W. SARGEANT, President 

Home Office, 876 Elm Street 

Income. 
Net fire premiums, 



FRANK E. MARTIN, ] Secretaries 
LEWIS W. CROCKETT, / secretaries. 



Interest on mortgage loans, $18,524.60; collaterals, $5,160.76 

stocks and bonds, $136,337.70, . 
Rents, ...... 

Profit on sale of stocks and bonds, . 
Recovered on mortgage previously charged off, 
Profit and loss, ..... 

Total income, .... 

Ledger assets, Dec. 31, 1905, . 

Total, 

Disbursements. 
Net amount paid for fire losses, 
Dividends to stockholders, 
Commissions or brokerage, 
Salaries, fees, etc., of officers and employees, 
Rents, ...... 

Repairs and expenses on real estate, 

Real estate taxes, $3,637.36; other taxes and fees, $50,199.17, 

Premium on securities purchased, . 

Reduction in book value of ledger assets, 

Advertising and printing, 

Expenses of general agents and managers, 

Furniture and fixtures, .... 

Profit and loss, ..... 

Traveling expenses, .... 



52,212,371 71 

160,023 06 

16,038 19 

112 50 

2,500 00 

670 35 

^2,391,715 81 
3,342,530 28 



,734,246 


09 


,278,171 


07 


100,000 


00 


528,813 


63 


81,928 


29 


1,449 


47 


6,475 


63 


53,836 


53 


14,946 


72 


4,309 


68 


15,485 


89 


25,142 


38 


6,453 


09 


4,907 


49 


29,325 


90 



318 



NEW HAMPSHIRE FIRE INSURANCE CO. 



Underwriters' boards and tariff, 

All other disbursements, .... 

Total disbursements, .... 

Balance, ...... 

Ledger Assets. 

Real estate, $163,260.79; mortgages, $270,750, 
Loans secured by collateral (schedule A), 
Stocks and bonds (schedule B), . 
Cash in banks and office, .... 

Agents' balances, ...... 

Total ledger assets, ....... 

Non-Ledger Assets. 
Interest due and accrued : — 
On mortgages, $3,543; bonds, $25,138.51; collateral loans, $472, 
Market value of real estate over book value, . . 

Market value of stocks and bonds over book value, . 
Due from other companies, ....... 

Gross assets, ......... 

Assets not admitted 
Special deposits, $11,100; liability in set off, $11,100. 

Liabilities. 
Unpaid losses, including $12,164 resisted, . $249,628 33 



$24,907 50 

21,949 38 

$2,198,102 65 

$3,536,143 44 



$434,010 79 
110,000 00 

2,555,198 95 
240,955 20 
195,978 50 

53,536,143 44 



29,153 51 

19,739 21 

828,467 43 

6,459 98 

t,419,963 57 



Less reinsurance, 



36,780 60 



Unearned premiums on outstanding risks, $1,721,306 67 

Plus same on disallowed reinsurance, . . 386 69 

Commissions and other charges due agents and brokers, 
Due for return premiums, $32,722.60; reinsurance, $14,843 . 50, . 
Reserve for contingencies, ....... 

Sinking fund for office building, ...... 



All liabilities, except capital and surplus, . 
Surplus to policy holders, .... 

Paid-up capital, ...... 

Surplus over capital and general liabilities, 



!,365,798 94 



$212,847 73 

1,721,693 36 

2,057 44 

47,566 10 

50,000 00 

20,000 00 

52,054,164 63 

1,000,000 00 
1,365,798 94 



Total liabilities, 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1905, 
Fire risks written during 1906, 

Total, . . 

Risks expired and terminated, 

In force at end of year, 
Amount reinsured, . 

Net amount in force, 



$262,950,926 00 
211,700,187 00 

$474,651,113 00 
166,152,900 00 

$308,498,213 00 
19,443,943 00 



$4,419,963 57 

Premiums. 

$3,116,984 53 
2,619,232 94 

$5,736,217 47 
2,191,861 76 

$3,544,355 71 
208,557 09 



$289,054,270 00 $3,335,798 62 



NEW HAMPSHIRE FIRE INSURANCE CO. 



319 



Miscellaneous. 
Premiums received from organization of company, . 
Losses paid from organization of company, 
Fire losses incurred during the year, 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), • 
Company's stock owned by directors, 



$28,538,903 00 

15,872,651 00 

1,292,710 00 

1,871,858 00 

100,000 00 

188,700 00 



100 
128 
100 
100 
25 



Boston & Maine R.R., common, 
Osceola Consolidated Mining Co., 
Pere Marquette R.R. Co., preferred, 
American Woolen Co., common, 
Chicago Junction Ry. Co., common, 



Hartford, Conn., 3$s, 1955, 



Schedule A. Securities held as Collateral. 

Company's 
Market Value. 
$21,300 00 
25,000 00 
9,000 00 
55,000 00 
15,900 00 \ 
17,792 00 / 
5,900 00 
3,100 00 
3,000 00 J 
27,000 00 



426 shares preferred stock Exeter Manufacturing Co., 

Exeter Manufacturing Co. 5s, 1914, 

Kennebec Water Co. 3$s, 1910-25, 

200 shares National Shawmut Bank, Boston, 



Loaned 
Thereon. 

$25,000 00 
25,000 00 
25,000 00 

10,000 00 
25,000 00 



$182,992 00 $110,000 00 



Schedule B. Stocks and Bonds owned by the Company 



Railroad Stocks. 

15 shares Baltimore & Ohio, common, 
100 " Baltimore & Ohio, preferred, . 
200 " Boston & Albany, . 
200 " Boston & Maine, common, 
100 " Boston & Maine, preferred, 
250 " Chic. Gt. Western debenture, . 
200 " Ch. Jc. Rys. & U. St. Yds. Co., pref. 
196 nhi" Chic, Mil. & St. Paul, common, 
200 " Chic, Mil. & St. Paul, preferred, 
396 rights Chic, Milwaukee & St. Paul, 
Subscrip. to 99 sh. C, M. & St. P., com. (10% pd.) 
Sub. to 198 sh. C., M. & St. P., pref. (10% pd.), 
636 shares Chicago & Northwestern, common, 

33 " Chicago, Rock Isl. & Pacific, . 
150 " Concord & Montreal, class 1, . 

25 " Concord & Montreal, class 2, . 
200 " Concord & Montreal, class 4, . 
360 " Delaware & Hudson Canal Co., 
100 " Fitchburg, preferred, 
800 " Illinois Central, 
100 " Maine Central, 
1,0001 " N. Y. Central & Hudson River, 
440 " N. Y., New Haven & Hartford, 
130 " Northern New Hampshire, 

50 " Norwich & Worcester, preferred, 
260 " Pemigewasset Valley, 
2,000 " Pennsylvania, 
200 " Pitts., Ft. Wayne & Chic, guar., 

40 " Suncook Valley, . 
Bank Stocks. 

10 shares Exeter Banking Co., N. H., 

80 " First Nat'l, Concord, N. H., . 

50 " First N'l, Peterborough, N. H., 

24 " Laconia Nat'l, N. H., . 

50 " Lancaster Nat'l, N. H., . 
130 " Merchants' N'l, Manchester, N. H., 

60 " Pemigew. N'l, Plymouth, N. H., 
Miscellaneous Stocks. 
100 shares Adams Express Co., 
200 " American Express Co., . 
300 " American Sugar Ref. Co., preferred, 
680 " American Tel. & Tel. Co.,' . 



Book Value. 
$1,500 00 
8,650 00 
20,000 00 
20,000 00 
10,000 00 
23,125 00 
20,000 00 
16,781 00 
20,000 00 

990 00 

1,980 00 
63,600 00 

3,300 00 
15,000 00 

2,500 00 
20,000 00 
36,000 00 

9,200 00 
79,973 60 
10,000 00 
100,020 00 
44,000 00 
13,000 00 

5,000 00 

26,000 00 

100,000 00 

20,000 00 

4,000 00 

1,000 00 
8,000 00 
5,000 00 
2,400 00 
5,000 00 
13,000 00 
6,000 00 

5,000 00 
20,000 00 
30,000 00 
68,000 00 



Rate. 
119$ 

92^ 
239$ 
161 
165 
80 
120 
148| 
162| 

33$ 
100 
100 
198i 
150 
187f 
187f 
187f 
222 
133 
165$ 
200 
131 
190$ 
156 
226 
145 
138| 
173 
110 

180 
300 
137 
105 
125 
125 
200 

296 
240 
130 
133* 



Market Value. 
$1,792 50 

9,225 00 
47,900 00 
32,200 00 
16,500 00 
20,000 00 
24,000 00 
29,188 43 
32,550 00 
13,266 00 
990 00 

1,980 00 
126,087 00 

4,950 00 
28,162 50 

4,693 75 

37,550 00 

79,920 00 

13,300 00 

132,400 00 

20,000 00 

131,026 20 

83,820 00 

20,280 00 

11,300 00 

37,700 00 

138,375 00 

34,600 00 

4,400 00 

1,800 00 

24,000 00 

6,850 00 

2,520 00 

6,250 00 

16,250 00 

12,000 00 

29,600 00 
48,000 00 
39,000 00 
90,780 00 



320 



NEW HAMPSHIRE FIRE INSURANCE CO. 



42* shares Amoskeag Mfg. Co., Manches., N. H 

3 " General Adj. Bureau, New York, 
21 " Manchester, N. H., Gas Light Co., 

300 " Mass. Gas Co., preferred, 
100 " Nashua C, G. & C. P. Co., pref., N. H 
500 " Pullman Palace Car Co., 
10 " Underw. Sal. Co., Chicago, 111., 

4 " Underw. Sal. Co., New York, N. Y 
1 share West. Adj. & Inspec. Co., Chic, 111., 

100 shares Western Union Telegraph Co., 

Government Bonds. 
Japanese 4*s, 1925, .... 
United States 4s, 1907, . 

State, County and Municipal Bonds. 
Columbus, O., 5s, 1914, 
Concord, N. H., 4s, 1922, . 
Concord, N. H., 3*s, 1923, 
East Portland, Ore., 6s, 1921, . 
Georgia 4*s, 1915, . 
Hillsborough County, N. H., 4s, 1915, 
Rockingham County, N. H., 4s, 1918, 
Saginaw, Mich., 4s, 1924, . 
Santa Barbara, Cal., 4*s, 1934, opt. 1915, 
Seattle, Wash., 5s, 1911, . 

Railroad Bonds. 
Atch., Topeka & Santa Fe adjustment 4s, 1995, 
Bangor & Aroostook 4s, 1951, . 
Boston, Concord & Montreal 6s, 1911, 
Brooklyn Rapid Transit 4s, 2002, 
Central of New Jersev 5s, 1987, 
Chic, Burl. & Quincy (Den. Ex.) 4s, 1922, 
Chic, Burl. & Quincy (111. Div.) 3*s, 1949, 
Chicago Junction 4s, 1945, 
Chicago, Milwaukee & St. Paul 3*s, 1989, 
Cin., Richmond & Muncie 5s, 1950, 
Columbia & Greenville 6s, 1916, 
Concord & Montreal 4s, 1920, . 
Concord & Montreal 3*s, 1920, . 
Del. & Hudson Co. convertible 4s, 1916, 
Fitchburg 4s, 1927, .... 
Gr. Rapids, Belding & Saginaw 5s, 1924, 
Interborough Rapid Transit 4s, 1908, 
Lake Shore &-Mich. Southern 4s, 1928, 
Lehigh Valley Terminal 5s, 1941, 
Manchester Trac, Lt. & Power Co. 5s, 1921, 
Minn., St. Paul & Sault Ste. Marie 4s, 1938, 
Missouri Pacific 6s, 1920, .... 
Montana Central 5s, 1937, 
N. Y. Central & Hudson River 4s, 1934, 
N. Y., N. H. & Hart, convertible 3*s, 1956, 
N. Y., N. H. & H. (Har. R. & Pt. Chester) 4s, 1954 
N. Y., N. H. & Hartford notes, 5s, 1908, . 
Nor. Pac-Gt. Nor. (C, B. & Q. col.) 4s, 1921, 
Nor. Pac (St. Paul & Duluth) 4s, 1996, 
Omaha Street 5s, 1914, 
Oregon Short Line 4s, 1929, 
Oregon Short Line 6s, 1922, 
Oregon Short Line 5s, 1946, 
Pennsvlvania Co. 4s, 1931, 
St. L./Iron Mt. & So. (River & Gulf Div.) 4s, 1933 
Toledo, St. Louis & Western 3*s, 1925, 
Union Pacific 4s, 1947, 
Utah & Northern 7s, 1908, 
Watertown & Rome 6s, 1910, 

Miscellaneous Bonds. 
Adams Express Co. 4s, 1948, 
American Locom. Co. time notes, 5s, 1908, 
American Tel. & Tel. Co. 4s, 1929, 
Berlin Mills Co. 5s, 1920-25, 
Central Loan & Land Co. 6s, 1898, 
Great Northern Paper Co. 5s, 1927, . 



Book Value. 

$42,500 00 

150 00 

2,100 00 

23,300 00 

10,000 00 

39,200 00 

1,000 00 

400 00 

100 00 

8,125 00 

11,105 25 
25,000 00 

10,000 00 
5,000 00 
10,000 00 
25,000 00 
10,000 00 
15,000 00 
5,000 00 
10,000 00 
20,000 00 
10,000 00 

46,100 00 

9,575 00 
50,000 00 
24,156 25 
25,000 00 
22,758 00 
20,000 00 
40,000 00 
25,000 00 
25,000 00 
20,000 00 
140,000 00 
25,000 
12,000 
40,000 

8,000 
14,793 75 
25,917 50 
25,000 00 
75,000 00 
20,000 00 
10,000 00 
24,250 00 

9,983 10 
16,500 00 
15,000 00 
20,000 00 
85,000 00 
24,968 75 
25,000 00 

9,612 50 
20,000 00 
25,000 00 
20,000 00 
18,300 00 
22,437 50 

9,900 00 
12,000 00 
10,000 00 

19,881 00 

19,665 75 

54,600 00 

48,250 00 

2,500 00 

49,750 00 



00 
00 
00 
00 



Rate. 

240 

100 

675 

85 

80 

182 

100 

100 

100 

84 

90 
101 

106i 
98^ 
98* 

118 

111 

102* 

102i 

101 

102* 

103* 

91f 

96 
107* 

92 
126 
100 

91f 

99 

93 
107 
112 
101! 

95* 
107 
1011 
1041 

97* 

98 
117* 
105 

99* 
119* 
1151 

97f 
112 
104 
100 

96| 

97 
101 

93i 

121* 
114* 

97i 

92 

89 
102 
102| 
105* 

101* 
100 
90 
100 
8 
105 



Market Value. 

$102,000 00 

150 00 

14,175 00 

25,500 00 

8,000 00 

91,000 00 

1,000 00 

400 00 

100 00 

8,400 00 

10,957 50 
25,250 00 

10,625 00 

4,925 00 

9,850 00 

29,500 00 

11,100 00 

15,375 00 

5,112 50 

10,100 00 

20,500 00 

10,350 00 

45,875 00 

9,600 00 
53,750 00 
23,000 00 
31,500 00 
24,000 00 
36,700 00 
39,600 00 
23,250 00 
26,750 00 
22,400 00 
141,750 00 
23,875 00 
12,840 00 
40,600 00 

8,360 00 
14,625 00 
25,480 00 
29,375 00 
78,750 00 
19,900 00 
11,950 00 
28,875 00 

9,762 50 
18,480 00 
15,600 00 
20,000 00 
164,687 50 
24,250 00 
25,250 00 

9,350 00 
24,300 00 
28,625 00 
19,450 00 
18,400 00 
22,250 00 
10,200 00 
12,330 00 
10,550 00 

25,375 00 
20,000 00 
49,500 00 
50,000 00 
560 00 
52,500 00 



NEW JERSEY FIRE INSURANCE CO. 



321 



Metropolitan S.S. Co. 5s, 1930, . 
Minneapolis Gas Light Co. 5s, 1930, . 
Nat'l Lo. & Tr. Co. (Ser. A., $9,500) 6s, 1897, 
Nat'l Lo. & Tr. Co. (Series B, $500) 6s, 1897, 
People's Gas Lt. & Coke Co., Chicago, 5s, 1947, 
Swift & Co., Chicago, 5s, 1914, . 
Western Tel. & Tel. Co. 5s, 1932, 
Western Union Telegraph Co. 5s, 1938, 
Western Union Telegraph Co. 4s, 1936, 



Book Value. 


Rate. 


Market Value. 


$20,000 00 


101 


$20,200 00 


50,000 00 


100 


50,000 00 


• } 1,425 00 1 


15 

6 


1,425 00 
30 00 


10,000 00 


102i 


10,250 00 


25,000 00 


102 


25,500 00 


16,000 00 


99 


15,840 00 


25,000 00 


103 


25,750 00 


875 00 


87 


870 00 


$2,555,198 95 


$3,383,666 38 



NEW JERSEY FIRE INSURANCE COMPANY, CAMDEN, N. J. 

Incorporated May, 1906. Commenced business May, 1906. 

Paid-up Capital, $200,000. 

JAS. McEVOY, President. . WM. H. STOOP, Secretary 

Home Office, 309 Market Street. 

Income. 
Net fire premiums, . . . . ... 

Interest on bonds, ........ 

Premium on capital stock, ...... 



Total income, ...... 

Ledger assets, May, 1906, 

Total, 

Disbursements. 
Net amount paid for fire losses, 
Commissions or brokerage, 
Taxes and fees, 
Adjustment expenses, 
Advertising, 

Organization expenses, . 
Examination by New Jersey Insurance Department, 

Total disbursements, .... 

Balance, ...... 

Ledger Assets. 
Bonds (schedule A), ... 
Cash in banks, ...... 

Agents' balances, . . . . 

Total ledger assets, . . ... ' . 

Non-Ledger Assets. 
Interest accrued : — 
On bonds, $1,424'. 98; other assets, $1,810.96, . 

Gross assets, . . . ... 

Assets not admitted. 
Book value of bonds over market value, . 

Total admitted assets, .... 



$451,318 78 

2,083 96 

50,000 00 



$503,402 74 
200,000 00 

$703,402 74 



,191 83 

163,666 16 

4,472 59 

661 90 

246 00 

11,839 18 

426 01 

$262,503 67 

$440,899 07 

$280,502 50 
95,470 53 
64,926 04 

$440,899 07 

3,235 94 

$444,135 01 

1,642 50 

$442,492 51 



322 



NIAGARA FIRE INSURANCE CO. 



Liabilities. 
Unpaid losses, ..... 
Unearned premiums on outstanding risks, 

All liabilities, except capital and surplus, 
Surplus to policy holders, 
Paid-up capital, ..... 
Surplus over capital and general liabilities, 



$201,124 72 



Total liabilities, 



Risks and Premiums. 



Fire risks written during 1906, 
Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, 

Net amount in force, 



$35,069,525 
7,021,852 



$21,673 49 
219,694 30 

$241,367 79 

200,000 00 
1,124 72 

$442,492 51 



Premiums. 

00 $546,764 39 
00 124,188 22 



$28,047,673 
450,425 



00 $422,576 17 
00 7,061 13 



$27,597,248 00 $415,515 04 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, 
Fire losses incurred during the year, 
Company's stock owned by directors, 



Schedule A. Bonds owned 



United States 2s, 1930, 
Atch., Topeka & Santa Fe 4s, 1955, . 
Atlantic Coast Line con v. mtge. 4s, 1952, 
Chicago, Rock Isl. & Pacific 4s, 1934, . 
Colorado & Southern 4s, 1929, . 
Delaware & Hudson convertible 4s, 1916, 
Pennsylvania col. notes, 4^s, 1907, 
Southern Pacific 4s, 1955, 



by the Company 

Book Value. 

$210,000 00 

15,750 00 

9,750 00 

13,725 00 

921 25 

10,800 00 

9,906 25 

9,650 00 



Rate. 
104^ 
1041 

96 

90 

91 
107 
100 

941 



$280,502 50 



$451,319 00 

81,192 00 

102,865 00 

170,000 00 



Market Value. 

$209,000 00 

15,675 00 

9,600 00 

13,500 00 

910 00 

10,700 00 

10,000 00 

9,475 00 

$278,860 00 



NIAGARA FIRE INSURANCE COMPANY, NEW YORK, N. Y. 

Incorporated July, 1850. Commenced business August, 1850. 

Paid-up Capital, $750,000. 

HAROLD HERRICK, President. GEORGE W. DEWEY, Secretary. 

Home Office, J+6 Cedar Street. 

Income. 
Net fire premiums, 



'50; stocks and bonds, $166,- 



Interest on mortgage loans, $11,022 

708.43; all other, $10,639.35, 
Profit on sale of stocks and bonds, 
Profit and loss, 
Premium on increase in capital, 



Total income, ........ 

Ledger assets, Dec. 31, 1905, plus $250,000 increase in capital, 



53,068,938 66 

188,370 28 

74,311 83 

87 92 

750,000 00 

54,081,708 69 

4,863,576 66 



Total, 



1,945,285 35- 



NIAGARA FIRE INSURANCE CO. 



323 



Disbursements. 
Net amount paid for fire losses, 
Dividends to stockholders, .... 

Commissions or brokerage, .... 

Salaries, fees, etc., of officers and employees, 
Rents, ....... 

Taxes and fees, ...... 

Loss on sale of stocks and bonds, 

Advertising, printing, stationery, etc., 

Legal expenses, 

Furniture and fixtures, 

Maps, . 

Postage and telegrams, 

Traveling expenses, 

Underwriters' boards, patrol and salvage corporation 

All other disbursements, 



Ledger Assets. 



Total disbursements, 
Balance, 

Mortgages, .... 
Stocks and bonds (schedule A), 
Cash in banks and office, 
Agents' balances, . 

Total ledger assets, 

Non-Ledger Assets. 

Interest due and accrued : — 
On mortgages, $4,108.33; stocks and bonds, $16,628.34; other 

assets, $606.85, ........ 

Market value of stocks and bonds over book value, . 

Gross assets,* ......... 

Assets not admitted. 

Agents' balances over three months due, . $12,176 18 

Special deposits less $58,679. 98 liability thereon, 41,970 02 

Total unadmitted assets, . . . 



$3,363,418 98 

50,060 00 

618,870 69 

231,587 04 

27,807 80 

55,470 10 

59,164 65 

34,675 66 

1,109 50 

5,719 70 

5,941 55 

27,101 02 

38,521 27 

41,792 48 

15,397 00 

$4,576,637 44 

$4,368,647 91 



Total admitted assets, 

Liabilities. 

Unpaid losses, including $26,225 resisted, 
Less reinsurance, ..... 
Unearned premiums on outstanding risks, 

All liabilities, except capital and surplus, 
Surplus to policy holders, 
Paid-up capital, ..... 
Surplus over capital and general liabilities, 

Total liabilities, .... 



$240,000 00 

3,509,421 15 

181,024 92 

438,201 84 

54,368,647 91 



21,343 52 
61,990 60 

,,451,982 03 



54,146 20 

$4,397,835 83 



$267,082 24 
34,109 40 



,704,761 09 



$232,972 84 

2,460,101 90 

£2,693,074 74 

750,000 00 

954,761 09 

$4,397,835 83 



* Including $375,000 special reserve held under New York law. 



324 



NIAGARA FIRE INSURANCE CO. 



Fire risks outstanding Dec. 31, 1905, 
Fire risks written during 1906, 

Total, 

Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, 

Net amount in force, 



Risks and Premiums. 

Premiums. 

$440,196,854 00 $4,695,150 43 
345,091,892 00 3,901,703 18 



$785,288,746 00 $8,596,853 61 
303,006,692 00 3,501,389 77 



$482,282,054 00 $5,095,463 84 
45,133,878 00 398,881 67 



$437,148,176 00 $4,696,582 17 



Miscellaneous. 

Premiums received from organization of company, . - 

Losses paid from organization of company, 

Fire losses incurred during the year, 

Cash dividends declared from organization of company, 

Dividends declared during the year, 

Company's stock owned by directors, ... 



$59,659,683 00 

34,253,795 00 

3,400,695 00 

3,129,000 00 

50,000 00 

307,150 00 



Schedule A. Stocks and Bonds owned by the Company. 



Railroad Stocks. 
2,000 shares Atch., Top. & Santa Fe, preferred, 
3,000 " Baltimore & Ohio, common, 

500 " Central of New Jersey, . 

400 " Ch., Mil. & St. P., pref. . 

400 rights Chic, Mil. & St. Paul, 
2,000 shares Chicago & Northwestern, common, 

500 " Cleve., Lor. & Wheel., preferred, 

200 " Cleveland & Pittsburg, 
1,000 " Erie, 1st preferred, 
1,000 " Lehigh Valley, 
1,400 " Louisville & Nashville, 

400 " Morris & Essex, 

300 " N. Y., Lack. & Western, 

500 " Northern Pacific, common, 

500 " Pennsylvania, 

100 " Pitts., Ft. W. & Chic, guaranteed, 

100 " Rensselaer & Saratoga, . 
1,000 " Southern Pacific, common, 
1,000 " Southern Pacific, preferred, 

500 " Southern, preferred, 

500 " Union Pacific, common, . 
1,500 " Union Pacific, pref erred, . 
Bank Stocks. 

350 shares Am. Ex. N'l, New York, N. Y., 
Miscellaneous Stocks. 
2,500 shares Consol. Gas Co. of New York, . 

544 " The Pullman Co., . 
1,000 " U. S. Steel Corp., preferred, . 

State and Municipal Bonds. 
Georgia 4*s, 1915, . 
Manchester, Va., 4s, 1935, 
New Mexico 6s; 1919, 
New York, N. Y., 3s, 1911, 
New York, N. Y., 4s, 1936, 
New York, N. Y., 3s, 1912, 
New York, N. Y., 3*s, 1918, 
New York, N. Y., 3*s, 1918, 
Portland, Ore., 5s, 1923, . 
Port of Portland, Ore., 5s, 1922, 
Railroad Bonds. 
Kansas City, Ft. Scott & Memphis 4s, 1936, 



Book Value. 

$200,371 98 

337,925 35 

81,562 50 

41,034 06 

307,885 08 
53,911 11 
18,837 50 
82,150 77 
77,512 50 

205,345 00 
37,200 00 
34,682 50 
93,418 06 
36,661 25 
18,886 25 
19,700 00 
93,375 00 

115,122 89 
49,282 21 
88,708 34 

133,876 67 

42,000 00 

464,539 84 

99,177 04 

103,816 67 

11,392 50 

25,031 25 

11,275 00 

200,000 00 

84,460 00 

50,000 00 

38,572 00 

13,500 20 

12,100 00 

48,000 00 

60,095 13 



Rate. 

99 
119* 
219* 
162f 

33* 
1981 
108 
177 

75 
154 
143* 
182 
127| 
185* 
138| 
173 
200 

92| 
116* 

94 
180J 

94 

247 

138 
182 
104f 

111 
94 

103* 
96" 

lOlf 
954 
96* 
96* 

113 

111 

82 



Market Value. 
$198,000 00 

358,500 00 

109,750 00 
65,100 00 
13,400 00 

396,500 00 
54,000 00 
17,700 00 
75,000 00 
77,000 00 

200,375 00 
36,400 00 
38,212 50 
92,625 00 
34,593 75 
17,300 00 
20,000 00 
92,750 00 

116,500 00 
47,000 00 
90,125 00 

141,000 00 

86,450 00 

345,000 00 

99,008 00 

104,375 00 

11,100 00 
23,500 00 
10,350 00 
192,000 00 
83,537 50 
47,750 00 
38,600 00 
13,510 00 
11,300 00 
44,400 00 

61,500 00 



THE NORTH BRITISH AND MERCANTILE INSURANCE CO. 



325 



Miscellaneous Bonds. 
Hackensack Water Co. 4s, 1952, 
Lake, 111., Gas Co. 6s, 1915, . 
New York Gas, El. Lt., Ht. & Pow. Co. 4s, 1949,. 



Book Value. 

$48,875 00 

20,300 00 

48,837 50 

5,509,421 15 



Rate. 

92 

101 

82 



Market Value. 

§46,000 00 

20,200 00 

41,000 00 

33,571,411 75 



THE XORTH BRITISH AND MERCANTILE INSURANCE COMPANY OF 
NEW YORK, NEW YORK, N. Y. 

Incorporated October, 1897. Commenced business October, 1897. 

Paid-up Capital, $200,000. 

E. G. RICHARDS, President. H. M. JACKSON, Asst. Secretary. 

Home Office, 76 William Street. 

Income. 

Net fire premiums, 



Interest on stocks and bonds, $32,369.84; all other, $774.05, 
Profit on sale of stocks, . . . . • . 

Total income, ........ 

Ledger assets, Dec. 31, 1905, ...... 

Total, 

Disbursements . 
Net amount paid for fire losses, 
Interest and dividends to stockholders, . 
Commissions or brokerage, .... 

Salaries, fees, etc., of officers and employees, 
Rents, ....... 

Taxes and fees, ...... 

Reduction in book value of bonds, . 
Adjustment and appraisal expenses, 
Advertising and stationery, .... 

Postage, express, telegrams and exchange, 
Underwriters' boards and protective associations, 
All other disbursements, .... 

Total disbursements, .... 

Balance, ....... 

Ledger Assets. 
Stocks and bonds (schedule A), 

Cash in banks and office, ..... 

Agents' balances, 

Deposit with Philadelphia Underwriters' Association, 
Due from other companies, ..... 

Total ledger assets, . . . 

Non-Ledger Assets. 
Interest due and accrued on bonds, .... 

Gross assets, ....... 



$227,677 52 
33,143 89 
51,356 29 

$312,177 70 
839,196 15 

1,151,373 85 



$54,689 51 

20,000 00 

57,053 67 

5,568 89 

1,800 00 

5,520 19 

475 00 

1,100 92 

1,585 13 

646 73 

3,189 10 

396 89 

$152,026 03 

$999,347 82 



$930,329 96 

45,732 82 

22,361 54 

150 00 

773 50 

$999,347 82 



4,817 50 



$1,004,165 32 



326 



THE NORTH BRITISH AND MERCANTILE INSURANCE CO. 



24 
00 
21 



Assets not admitted. 

Agents' balances over three months due, . . $211 

Deposit with Philadelphia Underwriters' Ass 'n, . . 150 

Book value of stocks and bonds over market value, . 38,581 

Total unadmitted assets, .... 

Total admitted assets, . . . . 

Liabilities. 

Unpaid losses, including 14,000 resisted, . . $35,941 

Less reinsurance, ....... 15,350 

Unearned premiums on outstanding risks, 

All liabilities, except capital and surplus, .... 

Surplus to policy holders, .... $765,123 99 

Paid-up capital, ......... 

Surplus over capital and general liabilities, .... 



Total liabilities, 



38,942 45 

$965,222 87 



85 

38 $20,591 47 
179,507 41 



$200,098 88 

200,000 00 
565,123 99 

$965,222 87 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1905, 
Fire risks written during 1906, 

Total, . . 

Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, 

Net amount in force, 



$45,474,078 
48,784,045 



Premiums. 

00 $342,368 23 
00 346,379 90 



$94,258,123 
39,495,457 



00 $688,748 13 
00 271,618 39 



$54,762,666 
9,099,728 



00 $417,129 74 
00 77,871 75 



$45,662,938 00 $339,257 99 



Miscellaneous. 
Premiums received from organization of company, . 
Losses paid from organization of company, 
Fire losses incurred during the year, 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), 
Company's stock owned by directors, 



$979,557 00 

291,593 00 

70,210 00 

92,000 00 

20,000 00 

5,500 00 



Schedule A. Stocks and Bonds owned by the Company. 

Railroad Stocks. Book Value. Rate. Market Value. 

500 shares Atch., Top. & Santa Fe, preferred, . $51,227 75 99 $49,500 00 

200 " Baltimore & Ohio, preferred, . . 19,674 06 92^ 18,450 00 

1,000 " Chic, Mil. & St. Paul, preferred, . 191,251 94 162| 162,750 00 

100 " Chicago & Northwestern, preferred, . 19,862 03 230 - 23,000 00 

400 " Erie, 1st preferred, . . . 31,403 31 75 30,000 00 

600 " Hocking Valley, preferred, . . 53,069 83 93^ 56,100 00 

1,000 " Reading, 1st preferred, . . . 44,410 74 90 45,000 00 

1,000 " Southern, preferred, . . . 83,000 00 94 94,000 00 

500 " Southern (Mobile & Ohio), . . 45,851 83 93 46,500 00 

Miscellaneous Stocks. 

2 shares General Adjust. Bureau, N. Y., . 100 00 100 100 00 

State and Municipal Bonds. 

Brooklyn, N. Y., 3£s, 1926, .... 52,897 00 94f 47,312 50 

New York 3s, 1912, . . . . . . 51,040 00 100 50,000 00 

New York, N. Y., 3s, 1907, .... 19,949 85 99i 19,850 00 

New York, N. Y., 3s, 1914, .... 30,047 89 94 28,200 00 



NORTHERN INSURANCE CO. OF NEW YORK. 



327 



Book Value. 
New York, N. Y., 3*s, 1949, .... $28,343 48 
New York, N. Y., 3£s, 1937, .... 26,784 00 

New York, N. Y., 3*s, 1929, .... 56,185 00 

Railroad Bonds. 

Chicago & Western Indiana 4s, 1952, . . 50,000 00 

N. Y. Central & Hudson R. 3£s, 1997, . . 27,675 00 

North. Pac. & Gt. North. (O, B. & Q. coll.) 4s, 1921, 47,556 25 

$930,329 96 



Rate. Market Value. 

9 If $22,937 50 

93 23,250 00 

94£ 49,886 25 

97 48,500 00 

93i 27,975 00 

96£ 48,437 50 



$891,748 75 



NORTHERN INSURANCE COMPANY OF NEW YORK, 
NEW YORK, N. Y. 

Incorporated Oct. 22, 1897. Commenced business Oct. 25, 1897. 

Paid-up Capital, $350,000. 

LEANDER N. LOVELL, President. JAMES MARSHALL, Secretary. 

Home Office, 50 Pine Street 

Income. 
Net fire premiums, .... 

Interest on stocks and bonds, 

Rents, ...... 

Profit on sale of real estate, . 



Total income, ..... 
Ledger assets, Dec. 31, 1905, . 

Total, 

Disbursements 
Net amount paid for fire losses, 
Dividends to stockholders, 
Commissions or brokerage, 
Salaries, fees, etc., of officers and employees, 
Rents, ...... 

Repairs and expenses on real estate, 

Real estate taxes, $1,282.88; other taxes and 

All other disbursements, 

Total disbursements, 

Balance, ..... 



Mortgages, . 
Stocks and bonds (schedule A), 
Cash in banks and office, 
Agents' balances, . 



Ledger Assets 



fees, 



Total ledger assets, 



Interest due on bonds, . 
Due from other companies, 

Gross assets, . 



^n-Ledger Assets. 



$17,557.95 



$482,489 46 

24,926 10 

2,750 00 

57,000 00 



$567,165 56 
770,774 91 

1,337,940 47 



$232,867 27 

17,512 50 

170,367 03 

275 00 

4,000 00 

992 56 

18,840 83 

524 51 

$445,379 70 

$892,560 77 



$30,000 00 

764,334 15 

33,389 05 

64,837 57 

$892,560 77 



$2,000 00 
760 20 



5,320 97 



328 



NORTHERN INSURANCE CO. OF NEW YORK. 



Assets not admitted. 



Book value of stocks and bonds over marke 


t value, . 




$33,815 40 


Total admitted assets, 


. 


. 


$861,505 57 


Liabilities. 






Unpaid losses, including $2,993 resisted, 


$50,998 69 




Less reinsurance, ..... 


14,030 


02 


$36,968 67 








Unearned premiums on outstanding risks, 


$364,350 68 




Plus same on disallowed reinsurance, 


1,908 


86 


366,259 54 


Due for reinsurance, .... 


is, . 


• 


3,042 99 


All liabilities, except capital and surplu 


$406,271 20 


Surplus to policy holders, 


$455,234 37 




Paid-up capital, ..... 


. 


. 


350,000 00 


Surplus over capital and general liabilities, 


. 


• 


105,234 37 


Total liabilities, .... 


. 




$861,505 57 


Risks and Premiums. 












Premiums. 


Fire risks outstanding Dec. 31, 1905, 


. $58,165,785 00 


$650,547 74 


Fire risks written during 1906, 


. 63,835,618 00 
. $122,001,403 00 $ 


660,253 75 


Total, . . . 


1,310,801 49 


Risks expired and terminated, 


. 52,754,902 


00 


575,365 21 


In force at end of year, .... 


. $69,246,501 


00 


$735,436 28 


Amount reinsured, 


3,923,372 


00 


51,398 57 


Net amount in force, 


. $65,323,129 00 


$684,037 71 


Miscellaneous. 






Premiums received from organization of company, . 


. $2,925,716 00 


Losses paid from organization of company, 






1,675,117 00 


Fire losses incurred during the year, 






231,440 00 


Cash dividends declared from organization of company, 




65,750 00 


Dividends declared during the year (5 per cent.), 




17,500 00 


Company's stock owned by directors, 


. 




,148,000 00 


Schedule A. Stocks and Bonds 


OWNED BY THE 


Company. 


Railroad Stocks. 


Book Value. 


Rate. 


Market Value. 


500 shares Atch., Top. & Santa F6, preferred, 


$49,250 00 


99 


$49,500 00 


100 " Baltimore & Ohio, preferred, . 


9,312 50 


92i 


9,225 00 


300 " Chicago, Mil. & St. Paul, preferred, 


49,237 50 


162f 


48,825 00 


500 " Lehigh Valley, 


39,568 75 


154 


38,500 00 


100 " Manhattan, .... 


14,412 50 


142f 


14,275 00 


1,000 " Pennsylvania, 


72,431 25 


138| 


69,187 50 


400 " Reading, 1st preferred, . 


18,150 00 


90 


18,000 00 


200 " Southern, preferred, 


19,350 00 


94 


18,800 00 


500 " Union Pacific, preferred, 


46,462 50 


94 


47,000 00 


Municipal Bonds. 








New York, N. Y., 3$s, 1915, 


26,580 15 


96f 


24,156 25 


New York, N. Y., 3£s, 1916, 


26,617 72 


96* 


24,218 75 


New York, N. Y., 3*s, 1954, 


191,393 40 


9lf 


173,612 50 


Railroad Bonds. 








Ann Arbor 4s, 1995, . 


19,480 00 


94 


18,800 00 


Atch., Top. & Santa Fe adjustment 4s, 1995, 


18,952 50 


91f 


18,350 00 


Atchison, Topeka & Santa F6 4s, 1955, 


10,203 16 


104} 


10,450 00 


Atlantic Coast Line (L. & N. coll.) 4s, 1952, 


19,262 22 


89 


17,800 00 



Baltimore & Ohio (So. Western Div.) 3£s, 1925, . 
Central Pacific 1st refunding 4s, 1949, 
Lake Shore & Michigan Southern 4s, 1928, 
New York Central & Hudson River 4s, 1934, 
North. Pac.-Gt. North. (C, B. & Q. coll.) 4s, 1921, 
Oregon Short Line 4s, 1929, .... 
Southern Pacific 4s, 1955, .... 



SURANCE CO. 




329 


Book Value. 


Rate. 


Market Value. 


$9,150 00 


90£ 


$9,050 00 


20,263 75 


981 


19,775 00 


20,262 50 


98 


19,600 00 


20,175 00 


97f 


19,525 00 


24,718 75 


961 


24,218 75 


19,600 00 


93£ 


18,700 00 


19,500 00 


94f 


18,950 00 


$764,334 15 


$730,518 75 



,579,527 11 

31,801 24 

55,107 77 

18 75 

4,133 70 



THE NORTH RIVER INSURANCE COMPANY, NEW YORK, N. Y. 

Incorporated Feb. 6, 1822. Commenced business March 6, 1822. 

Paid-up Capital, $350,000. 

WM. E. HUTCHINS, President. FREDERICK H. CRUM, Secretary. 

Home Office, 93 William Street. 

Income. 
Net fire premiums, ........ 

Interest on mortgage loans, $8,389.09; collaterals, $311; stocks 
and bonds, $16,565; all other, $6,536.15, .... 

Rents, including company's own occupancy, . . . . 

Profit on sale of bonds, ........ 

New York City taxes refunded, 

Total income, ..... 

Ledger assets, Dec. 31, 1905, . . 

Total, . . . ... 

Disbursements. 
Net amount paid for fire losses, 
Dividends to stockholders, . . 

Commissions or brokerage, .... 

Salaries, fees, etc., of officers and employees, 

Rents, including company's own occupancy, 

Repairs and expenses on real estate, 

Real estate taxes, $351.90; other taxes and fees, $28,742.85, 

Loss on sale of bonds, ..... 

Reduction in book value of securities, 
Advertising and stationery, .... 

Legal expenses, ...... 

Furniture and fixtures, ..... 

Maps, ........ 

Patrol, ....... 

All other disbursements, . . . 

Total disbursements, .... 

Balance, ...... 

Ledger Assets. 
Real estate, $523,338.71; mortgages, $194,900, 
Stocks and bonds (schedule A), 
Cash in banks and office, .... 

Agents' balances, . . . . ... 

Counter premiums in course of collection, 

Total ledger assets, .... . $1,786,725 17 



• 


$1,670,588 57 
1,837,283 57 


• 


$3,507,872 14 


• 


$1,033,554 43 

32,635 75 

398,250 30 

116,862 76 

25,053 96 


3,742.85, 


23,726 34 
29,094 75 




375 00 


. 


14,470 00 


• 


10,442 08 
2,240 00 
4,172 06 
3,936 95 
6,006 90 


• 


20,325 69 


• 


$1,721,146 97 


• 


$1,786,725 17 




$718,238 71 
512,437 24 




136,922 58 
301,609 96 
117,516 68 



330 



THE NORTH RIVER INSURANCE CO. 



Non-Ledger Assets. 
Interest accrued : — 
On mortgages, $3,166.47; bonds, $2,382.90, . 
Rents accrued on company's property, 
Market value of real estate over book value, 
Due from other companies, .... 

Gross assets, ...... 

Assets not admitted. 

Agents' balances over three months due, . 
Special deposits less $32,386 liability thereon, . 
Due from unauthorized companies, 
Book value of stocks and bonds over market value, 
Total unadmitted assets, . . . - 



$14,543 22 

3,260 88 

1,692 65 

47,398 48 



Total admitted assets, 



Liabilities. 
.1,350 resisted, 



$145,147 98 
25,151 61 



Unpaid losses, including 

Less reinsurance, ..... 

Unearned premiums on outstanding risks, 

Dividends due stockholders, ...... 

Salaries and other miscellaneous expenses, due or accrued, 

Commissions and other charges due agents and brokers, 

Due for return premiums, $6,646.42; reinsurance, $22,249.57, 



All liabilities, except capital and surplus, 
Surplus to policy holders, 
Paid-up capital, ..... 
Surplus over capital and general liabilities, 



$545,085 09 



Total liabilities, 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1905, 
Fire risks written during 1906, 

Total, . . 

Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, 

Net amount in force, 



$184,165,516 00 
215,070,862 00 



$5,549 37 

6,777 62 

86,661 29 

10,368 32 

,896,081 77 



66,895 23 
.,829,186 54 



$119,996 37 

1,092,861 34 

6,842 50 

' 6,802 94 

28,702 31 

28,895 99 

51,284,101 45 

350,000 00 
195,085 09 

51,829,186 54 



Premiums. 

51,980,795 71 
2,460,888 71 



$399,236,378 00 $4,441,684 42 
174,701,320 00 1,940,206 87 



$224,535,058 00 $2,501,477 55 
40,340,445 00 422,952 75 



$184,194,613 00 $2,078,524 80 



Miscellaneous. 

Premiums received from organization of company, . 

Losses paid from organization of company, 

Fire losses incurred during the year, 

Cash dividends declared from organization of company, 

Dividends declared during the year (10 per cent.), 

Company's stock owned by directors, 



.1,514,725 00 

5,409,445 00 

1,070,711 00 

2,875,250 00 

35,000 00 

142,025 00 



NORTHWESTERN NATIONAL INSURANCE CO, 



331 



Schedule A. Stocks and Bonds owned by the Company. 

Stocks. 
100 shares St. Lo. & San Fran., 1st preferred, 

20 " Washington Tr. Co., New York, N. Y., 

100 " Consolidated Gas, New York, N. Y., . 

Government Bonds. 

United States 4s, 1925, 

Municipal Bonds. 
New York, N. Y., 2*s, 1929, 
New York, N. Y., 3£s, 1915, 
New York, N. Y., 3^s, 1915, 
New York, N. Y., 3*s, 1916, 
New York, N. Y., 3s, 1914, 
New York, N. Y., 3s, 1925, 
New York, N. Y., 3s, 1920, 
New York, N. Y., 3s, 1914, 
New York, N. Y., 3^s, 1928, 
New York, N. Y., 3£s, 1929, 

Railroad Bonds. 
Missouri Pacific 5s, 1920, .... 
St. L., Iron Mt. & So. (Riv. Gulf Div.) 4s, 1933, 



Book Value. 


Rate. 


Market Value. 


$8,275 


00 


68 


$6,800 00 


8,000 


00 


400 


8,000 00 


15,762 


50 


138 


13,800 00 


36,475 


00 


129f 


35,646 88 


89,230 


48 


79£ 


79,500 00 


30,000 


00 


96£ 


28,987 50 


49,845 


41 


96f 


45,413 75 


35,154 


42 


96f 


31,968 75 


27,704 


75 


94 


25,850 00 


22,667 


51 


88f 


19,884 38 


49,882 


88 


901 


45,437 50 


14,680 


99 


94 


14,100 00 


55,263 


70 


94^ 


47,125 00 


44,198 


77 


94£ 


37,650 00 


16,087 


50 


104^ 


15,675 00 


9,208 


33 


92 


9,200 00 


$51*2,437 


24 


$465,038 76 



NORTHWESTERN NATIONAL INSURANCE COMPANY OF MIL- 
WAUKEE, WISCONSIN, MILWAUKEE, WIS. 

Incorporated Feb. 20, 1869. Commenced business July 1, 1869. 

Paid-up Capital, $1,000,000. 

WILFORD M. PATTON, President. JOSEPH HUEBL, Secretary. 

Home Office, Northwest Corner of Wisconsin and Jackson Streets. 

Income. 
Net premiums, ....... 

Interest on mortgage loans, $43,389.68; stocks and bonds, 
015.93; deposits, $3,546.22, .... 

Profit on sale of bonds, ...... 



,750,985 18 

154,951 83 
525 41 



Total income, ....... 

Ledger assets, Dec. 31, 1905, plus $400,000 increase in capital, 

Total, . . .. 

Disbursements. 

Net amount paid for fire losses, $1,129,096.09; marine, 

712.25, 

Dividends to stockholders, 

Commissions or brokerage, 

Salaries, fees, etc., of officers and employees, 

Real estate taxes, $2,422.71; other taxes and fees, $68,816 

Loss on maturity of bonds, 

Agents' balances charged off, . 

Advertising, printing and supplies, . . '. 

Agency expenses, ..... 

Exchange, ...... 

Postage, ...... 

Miscellaneous expenses, .... 

Total disbursements, 

Balance, ..... 



.84, 



51,906,462 42 
4,536,016 30 

56,442,478 72 



$1,145,808 34 

90,000 00 

470,610 57 

168,440 56 

71,239 55 

144 85 

215 22 

17,197 39 

34,009 43 

1,409 77 

13,399 33 

20,827 64 

$2,033,302 65 

$4,409,176 07 



332 



NORTHWESTERN NATIONAL INSURANCE CO. 



Ledger Assets. 
Real estate, $236,618.55; mortgages, $918,300, 
Stocks and bonds (schedule A), 
Cash in banks and office, .... 

Agents' balances, ...... 

Furniture and fixtures, ..... 

Total ledger assets, .... 

Non-Ledger Assets. 
Interest due and accrued : — 
On mortgages, $7,140.87; bonds, $12,833.27, . 

Gross assets, . . . . 

Assets not admitted. 
Furniture and fixtures, ..... 
Agents' balances over three months due, . 
Special deposits less $13, 779. 29 liability thereon, 
Book value of stocks and bonds over market value, 
Total unadmitted assets, . . . - 



51,154,918 55 

2,861,641 40 

166,680 54 

211,974 66 

13,960 92 

54,409,176 07 



19,974 14 
L,429,150 21 



$13,960 92 

1,203 34 

38,470 71 

44,978 90 



Total admitted assets, 

Liabilities. 
Unpaid losses, including $9,450 resisted, 
Less reinsurance, ..... 

Unearned premiums on outstanding risks, 
Plus same on disallowed reinsurance, 
Salaries and other miscellaneous expenses, due 
Due for reinsurance, .... 

All liabilities, except capital and surplus, 
Surplus to policy holders, 
Paid-up capital, ..... 
Surplus over capital and general liabilities, 



$110,760 46 
6,806 04 

$2,113,581 91 
1,306 07 
or accrued, 



!,104,794 88 



Total liabilities, 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1905, 
Fire risks written during 1906, 

Total, 

Risks expired and terminated, 

In force at end of year, . 
Amount reinsured, 

Net amount in force, 

Marine risks outstanding Dec. 31, 1905, 
Additional premiums received during 1906, 

Total, 

Risks expired and terminated, 



$387,737,924 00 
207,260,548 00 

$594,998,472 00 
160,276,260 00 

$434,722,212 00 
19,389,140 00 

$415,333,072 00 

$1,232,057 00 



51,232,057 00 
1,232,057 00 



98,613 87 
t,330,536 34 



$103,954 42 

2,114,887 98 
5,399 06 
1,500 00 

52,225,741 46 

1,000,000 00 
1,104,794 88 

54,330,536 34 

Premiums. 

53,712,685 15 
2,035,467 15 

55,748,152 30 
-1,604,939 18 



1,143,213 12 

184,087 44 

1,959,125 68 

$22,687 71 
861 12 

$23,548 83 
23,548 33 



ORIENT INSURANCE CO. 



333 



Miscellaneous. 

Premiums received from organization of company, . 

Losses paid from organization of company, 

Fire losses incurred during the year, 

Cash dividends declared from organization of company, 

Stock dividends declared from organization of company, 

Dividends declared during the year, 

Company's stock owned by directors, 

Schedule A. Stocks and Bonds owned by the 



Stocks. 
5 shares Underwriters' Salvage Co., Chicago, 111., 

Government Bonds. 
United States 2s, 1930, .... 

Municipal Bonds. 
Chicago, 111., Sanitary District 5s, 1908, 
Milwaukee, Wis., 4s, 1907, 
Milwaukee, Wis., 5s, 1907-16, . 
Waukesha, Wis., 5s, 1910, 

Railroad Bonds. 
Atch., Top. & Santa Fe general mortg. 4s, 1995, 
Baltimore & Ohio 4s, 1948, 
Baltimore & Ohio prior lien 3^-s, 1925, 
Baltimore & Ohio (S. W. Division) 3£s, 1925, 
Chicago & Alton 3^s, 1950, 

Chicago, Burlington & Quincy (111. Div.) 4s, 1949, 
Chic, Bur. & Quincy (N. P. & Gt. N.) 4s, 1921, 
Chicago & Eastern Illinois 5s, 1937, . 
Chicago & Erie 5s, 1982, .... 
Chicago, Milwaukee & St. Paul 4s, 1989, 
Chic, Mil. & St. P. (Chic. & Pac Div.) 6s, 1910, 
Chic, Mil. & St. P. (M. & N. Div.) 6s, 1913, 
Chic, St. Paul, Minn. & Omaha 6s, 1930, . 
Chic. & Northwest. (M., L. S. & W. Div.) 6s, 1921 
Chicago & Northwestern (N. W. Union) 7s, 1917, 
Chicago & Northwestern 5s, 1933, 
Chicago, Rock Island & Pacific 4s, 1934, 
Chicago & Western Indiana 4s, 1952, 
Elgin, Joliet & Eastern 5s, 1941, 
Flint & Pere Marquette (Pt. Huron Div.) 5s, 1939 
Lake Shore & Michigan Southern 4s, 1928, 
Mason City & Ft. Dodge 4s, 1955, 
Norfolk & W. Pocahontas joint 4s, 1941, 
Northern Pacific 4s, 1997, 
Oregon Short Line 4s, 1929, 
Pittsburg, O, C. & St. L. 4s, 1945, 
Pennsvlvania convert. 3^s, 1915, 
Southern 5s, 1994, . . 

Southern Pacific 4s, 1955, 
St. L., Iron Mt. & So. (R. & G. Div.) 4s, 1933, 
Union Pacific 4s, 1947, .... 
Wisconsin Central 4s, 1949, . ' . 



Book Value. 
$500 00 

51,849 59 

52,526 36 

2,028 14 

21,448 42 

32,200 00 

89,463 25 
47,813 18 
50,288 89 
22,656 25 
82,937 50 
107,514 17 
46,593 75 

120.262 50 
58,562 50 

104,012 48 
58,962 50 
53,750 00 

140,075 70 
58,000 00 
71,324 45 

117,825 00 
96,375 49 

100,150 41 
57,234 75 
57,250 00 

100,000 00 
91,398